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Financial regulation

Business

EU watchdogs question Binance over unlicensed European operations

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Europe Today

Watch: The brand new European crypto regulations that global companies could potentially bypass

The EU just built a massive financial fortress to tame the wild part of the market. Brussels wanted to replace a chaotic patchwork of 27 national rules with one strict system. But here goes a surprise: the brand new rulebook might already be obsolete.

Business

New EU crypto rules could force hundreds of firms to exit the market

The EU's landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc's 1,200-plus registered crypto firms had secured the licence needed to keep serving European clients.

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Danish minister hails progress made as EU presidency nears end

As Denmark prepares to hand over the EU Presidency torch to Cyprus, its European Affairs Minister tells Euronews that her country made significant gains on priority points, from simplification to migration.

The Europe Conversation

EU's Albuquerque calls to seize momentum for capital markets union

The EU's financial services chief Maria Luís Albuquerque calls on lawmakers to seize what she described as a "moment of urgency" to finalise tools to create a true European capital markets union. Albuquerque says its completion could unlock trillions and boost the European economy.

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The Big Question

Wall Street trumps again: Why Europe still lacks financial firepower

“Member states would feel much more comfortable about ceding power to supranational European regulators if they thought they were pro-growth,” said former commissioner Lord Jonathan Hill.

Business

Which countries offer the best access to financial services in Europe?

Switzerland and the Nordic countries offer the best access to useful and affordable financial products and services that meet people’s needs in Europe. The UK ranks highest among the top five economies.

Markets

Personal finance and AI: Should you trust ChatGPT’s investment advice?

Retail investors keep flocking to publicly-available online AI tools such as ChatGPT to help with their financial decisions, despite clear warnings about risks. But how capable are simple AI models of providing reliable and trustworthy investment advice?

Europe News

ECB: Digital euro will be profit-making for payment service providers

The EU Commission estimates it would cost between €2.8 and €5.4 billion to roll out the digital euro across the whole Euro area.

Business

Sweden’s Klarna receives licence from UK’s Financial Conduct Authority

The move will allow the fintech firm to launch a debit card and offer its UK-based customers Klarna accounts where they can save funds.

Business

Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover

Mediobanca has shown its opposition to the takeover bid, launched in January, warning it would weaken its business model.

Business

Shares jump in Italy's Banco BPM after Credit Agricole raises stake

The move from Crédit Agricole could complicate UniCredit's bid to take over the smaller Italian lender.

Business

Cross-border payments still not easy enough, says Revolut Europe CEO

Launched in 2015, Revolut announced earlier this month that it had hit the 50 million customer mark globally, emerging as the most downloaded financial app in Europe.

Europe News

EU must keep 'urgency' of digital euro process, says ECB project lead

Evelien Witlox, project director for the digital euro at the European Central Bank, discusses how the proposal is progressing, how the currency would work in practice, and what the key concerns are at this stage.

Business

Volkswagen faces hefty fine for mistreatment of UK customers

The UK's financial watchdog found Volkswagen had sometimes confiscated cars from vulnerable customers "without considering other options".

Economy

Banks unprepared for next financial crisis, warns new report

Banking regulations must be tightened to ensure financial stability, says Brussels-based NGO Finance Watch. But, it warns, political will is lacking.

Business

Green securitisations can boost lending: French central bank

The controversial financial instruments are finding favour again as policymakers switch priorities from stability to growth.