European Union lawyers gave the U.K. victories in fights over financial regulation that will boost the country’s standing in a power struggle over the future of banks and securities trading in the 28-nation bloc.
The tax regime that’s been the backbone of the Eurobond market since its inception 50 years ago is now threatened by the same regulatory overhaul driving corporate borrowers to issue bonds rather than take bank loans.
The U.K. bankers and regulators charged with reviewing Libor in the wake of regulatory probes are resisting calls to overhaul the rate because structural changes risk invalidating trillions of dollars of contracts.
Banks should be forced to reveal pay policies that may encourage irresponsible risk taking, global regulators said in rules aimed at pressuring lenders to curb compensation and take back bonuses if performance is poor.
The way banks sell structured products similar to those at the center of the U.S. case against Goldman Sachs Group Inc. is being reviewed by the U.K. financial regulator, according to lawyers who advise the lenders.
The Basel Committee on Banking Supervision is considering extra capital requirements of as much as 3.5 percentage points that the largest banks may face if they grow bigger, according to two people familiar with the talks.
European Union regulators are discussing plans to prevent banks from using so-called hybrid capital to determine the results of this year’s EU stress tests, two people familiar with the negotiations said.