A new survey released by Reuters on Monday (Sept. 18) suggests the outflow of finance sector professionals from the U.K. economy as a direct result of Brexit is not likely to be as bad as previously thought. Researchers estimate that 10,000 finance sector jobs will...
With FinTechs eroding away traditional banks’ lead, rules governing investments in software in the European Union (EU) may loosen. According to a news report in Reuters, as the EU banking rules stand today, money spent on software is treated as a cost instead of an...
The European Commission is on track to debut a number of provisions as early as Wednesday (Nov. 23) that would “mirror” rules in place governing US banks and would serve to “ring fence” foreign bank capital, the Financial Times reported. Those provisions, said the site, would,...
December 04, 2018
European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according to reports from Reuters. The money laundering plan is a response to highly visible cases of alleged criminal activity at EU banks in countries such as Malta, the Netherlands, Britain, Estonia and others. The ministers […]
September 06, 2017
With FinTechs eroding away traditional banks’ lead, rules governing investments in software in the European Union (EU) may loosen. According to a news report in Reuters, as the EU banking...
November 22, 2016
The European Commission is on track to debut a number of provisions as early as Wednesday (Nov. 23) that would “mirror” rules in place governing US banks and would serve...
