Michel Barnier, the EU's internal-market commissioner, says the European Commission plans to propose in October bank-structure rules based on the Liikanen plan. The rules aim to curb risk at major financial institutions.
Investors are again overconfident in their assessment of European sovereign debt, Nicholas Spiro writes. The budding recovery does not mean Europe is healthy, and investors should pay attention to country-specific risk to avoid repeating mistakes of the past half-decade, Spiro writes.
The EU is considering giving banks another year to disclose whether they meet a leverage ratio, which is part of Basel III rules, sources say. Nations might aim to postpone the deadline to 1 January 2016.
The China Securities Regulatory Commission might allow five domestic banks to become asset managers. They would join an eight-bank pilot programme, which consists mostly of joint ventures with Western banks. The move would be another step in Chinese financial liberalisation.
Michel Barnier, the EU's internal-market commissioner, said his proposals for the financial industry would allow the UK and other countries to impose tougher capital requirements and ring-fence retail banks. Barnier said he divided Basel capital and liquidity proposals to give national governments added flexibility.