Senior unsecured creditors in European Union banks may be forced to take losses before public money can be injected to prop up a lender, as lawmakers vow to prevent a recurrence of the bailouts that followed the collapse of Lehman Brothers Holdings Inc.
European Union lawmakers are poised to approve some of the toughest restrictions in the world on high-frequency trading, the first crackdown in the aftermath of Michael Lewis’s latest book, “Flash Boys.”
The European Central Bank and the Bank of England said regulators must support and promote the asset-backed bond market, ensuring that rules to safeguard the financial system don’t unnecessarily impair the securities’ use.
European Union financial services chief Michel Barnier, who has already won caps on banker bonuses, is seeking to give shareholders a veto over the pay packages for executives at publicly traded companies.
Banks from Deutsche Bank AG to Barclays Plc attacked proposals to overhaul global capital rules for asset-backed debt, saying they risk choking securitization while clashing with efforts to boost lending to businesses.