Parliament compromises on Banking Union but sends market abusers to jail

Yesterday the European Parliament confirmed its willingness to regulate the EU’s financial sector with determination and the obvious intention of convincing the 500 million European citizens that ordinary people matter more than bankers and derivative dealers. Of course all that is happening ahead of the May European elections. To this effect, the plenary of the […]

All talk but no action against fraudulent bankers

The European Commission plans to propose on Wednesday 18 September draft legislation against the fraudulent setting and use of financial benchmarks like Euribor, Libor and the Baltic Indices. This comes on top of investigations launched recently in London, New York even in Brussels, where bankers are being criminally prosecuted, and thirteen giant western investment banking […]