Mairead McGuinness
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Commission ban postponed indefinitely
The German banking sector had feared that the EU would restrict commission-based sales of financial products. This outcome now appears unlikely.
Provisionsverbot rückt in weite Ferne
Die deutsche Kreditwirtschaft hat befürchtet, die EU werde den provisionsgebundenen Vertrieb von Finanzprodukten einschränken. Danach sieht es nun nicht aus.
EU Commissioner makes clear statement on euro clearing
EU Commissioner Mairead McGuinness is pleased that Europe's legislators have agreed on new rules for clearing. However, she believes that these requirements are nowhere near strict enough. She is therefore preparing market participants for her authority to propose a tightening of the rules in two years' time.
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