Some Euro Zone Banks Don’t Comply with Governance Standards: ECB’s Lautenschlaeger – Reuters The European Central Bank has found that a number of banks under its watch do not comply with international governance best practices an ECB executive board member said on Monday.&
Swiss Investigate Seven Banks Over Precious Metals Market Trading – Wall Street Journal (subscription) Competition authorities in Switzerland said Monday that they are investigating seven big banks over the possible manipulation of the prices of gold, silver and other precious metals.
Finance Industry Readies EU Regulatory Hit List – Financial News (subscription) The financial sector is drawing up a list of European Union regulations it wants abolished or changed following a “very welcome” plan by the European Commission to review rules brought in since the financial crisis.
China’s Renminbi Creeps Closer to Global Reserve Status – FT.Com (subscription) The IMF is creeping closer to including China’s currency in an elite basket of reserve currencies.
Bank of England Orders New Probe into Automated Dealing in Wake of August Market Turmoil – International Business Times The Bank of England has ordered a new investigation into the risks of black-box trading in the wake of August’s “Shanghai Shock” market turmoil, which featured sharp swings in global asset prices.
Catalan Separatism Refuses to Die as Mas Claims 48% Mandate – Bloomberg Even before Sunday’s electoral setback, the Catalan president had ruptured his party in his bid to secede from Spain.