Press "Enter" to skip to content

Brussels tries to take more control over non-EU banks

In new rules for global banks who do financial business in Europe, Brussels tries to undermine future financial crises within the bloc and even gain more control over foreign financial firms.



Wall Street, Asia and British banks could be required to hold more cash in their European operations according to new proposals by the European Commission. (EC)

These changes will certainly burden non-EU banks looking to do business Europe, and European regulators will have more power to oversee such foreign firms, according to Express UK.

“So what we are doing, we are implementing standards that are agreed internationally which we expect other jurisdictions to implement these standards,” says European Commission Vice President Valdis Dombrovskis. The US implemented similar rules.

“The problems are that this new rule is inflexible, and looks like an aggressive reaction to developments in the US, at a moment when greater regulatory co-operation and convergence are seen as critically important in the market,” James Perry, financial regulation partner at law firm Ashurst, said. “It is also a further unhelpful complication to the wider Brexit issues.”

Before the changes become officials, heads of state from all EU member countries will need to approve.

 

19 Comments

  1. cross out text August 7, 2020

    Fantastic Tips To Create Your Camping outdoors Practical experience The Ideal It can nonetheless prove to be a satisfying and well. Below are great tips that will help you on the way. You must set it up up in the home before heading in your camping vacation when you have bought a whole new tent in preparation for your personal camping out getaway. This really helps to have the experience required for constructing your tent. This also allows you to to not be frustrated when you’re attempting to pitch your tent at the campsite a far smoother approach. Try and fit fishing into your timetable in certain form. You may miss the shower when you are camping outdoors. Camping out can be extremely risky or fun dependant upon regardless of whether you’re incapable of correctly prepare. Generally fully get ready before you set off on the camping outdoors journey. You actually don’t would like to overlook anything essential just like your resting handbag or perhaps your tent. A hankerchief is really a handkerchief might be beneficial to provide in your journey. If you need a potholder, like drying out the hands or retaining a very hot container, these can be utilized inside a pinch. These items can certainly make the day! Prior to starting your trip, speak to your kids in regards to the perils of outdoor camping. It is actually simple to look into the Web for images of dangerous vegetation they are aware things to prevent from the crazy. Ensure your sleeping handbag which is ideal for the place. If you are camping outdoors inside a cooler weather conditions, make use of a heavy-weight bag and make use of a light-bodyweight a single in the summer.You might even look at a handbag that encompasses the entire body closely to ensure that physique heat might be retained. Camping outdoors is an process that everybody can be involved in and revel in. The info presented in this post will assist you to prepare a camping outdoors getaway that everybody will delight in, whether or not they much like the outside or perhaps not. Go outdoors, and take full advantage of nature’s pristine bliss.

  2. cancer August 8, 2020

    I would like to thnkx for the efforts you have put in writing this site.I’m hoping the same high-grade website post from you in the upcoming aswell. In fact your creative writing abilities has encouraged me toget my own sitye now. Really thhe blogging is spreading its winggs rapidly.Your write up is a good example of it.

  3. credit card August 8, 2020

    This piece of writing is really a good one it helps new web visitors, who are wishing forblogging.

  4. free spotify premium August 8, 2020

    It’s very trouble-free to find out any topic on web as compared to textbooks, as I found this pieceof writing at this web site.

  5. Thank you for the good writeup. It in truth was a leisure
    account it. Glance complicated to far introduced agreeable from
    you! By the way, how could we keep in touch?
    adreamoftrains best web hosting

  6. web hosting companies August 11, 2020

    Its like you read my mind! You seem to know so much about this, like you wrote the book in it
    or something. I think that you could do with some pics
    to drive the message home a little bit, but instead of that,
    this is fantastic blog. A great read. I will certainly be back.

  7. web hosting providers August 14, 2020

    It’s amazing in favor of me to have a site, which is good for my experience.
    thanks admin

  8. spotify premium 3 months August 24, 2020

    Interessante Website. Das Design und die nuetzlichen Informationen gefallen mir besonders.

  9. cheap flights August 25, 2020

    bookmarked!!, I like your blog! yynxznuh cheap flights

  10. Thanks for sharing superb informations. Your site is very cool. I am impressed by the details that you’ve on this website. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found simply the info I already searched everywhere and simply couldn’t come across. What a perfect site.

  11. cheap flights August 25, 2020

    I was able to find good info from your content.
    cheap flights yynxznuh

  12. cheap flights August 26, 2020

    What i do not realize is in fact how you’re not actually much more smartly-appreciated than you may be now.
    You are very intelligent. You understand therefore considerably relating to this topic, made me in my view imagine it from so many various angles.
    Its like women and men are not involved unless it’s something to accomplish with Lady gaga!
    Your individual stuffs excellent. All the time care for it up!
    cheap flights yynxznuh

  13. cheap flights August 27, 2020

    Hi there! I know this is kinda off topic but I was
    wondering if you knew where I could get a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having trouble finding one?
    Thanks a lot!

  14. black mass August 28, 2020

    Howdy, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam remarks?
    If so how do you stop it, any plugin or anything you can advise?
    I get so much lately it’s driving me mad so any assistance is very much appreciated.

  15. visa card generator September 3, 2020

    Hi there, just wanted to tell you, I liked this blog post.It was helpful. Keep on posting!

  16. homepage visa card September 3, 2020

    It’s very trouble-free to find out any matter on web as compared to textbooks, as Ifound this piece of writing at this website.

  17. visa card number September 3, 2020

    It’s actually very complicated in this active life to listen news on TV, so I just use world wide web for that purpose, and obtain themost recent information.

  18. strikethrough text instagram September 4, 2020

    That is very fascinating, You’re a very skilled blogger.I have joined your rss feed and sit up for in quest of extra of your fantastic post.Also, I have shared your website in my social networks

  19. webhosting September 5, 2020

    Thanks for finally talking about > Brussels tries to take more control over non-EU banks –
    GoldSilverBitcoin < Loved it!

Leave a Reply

Your email address will not be published.

Mission News Theme by Compete Themes.
Precious Metals Data, Currency Data , Precious Metals Automated Product Pricing Powered by nFusion Solutions