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Ariad seeks EU marketing approval for lung cancer therapy

2/17/2017

A marketing authorization application has been filed to the European Medicines Agency by Ariad Pharmaceuticals for brigatinib, an investigational treatment for ALK-positive non-small cell lung cancer. The application was backed by positive results from an early-stage and midstage study, and from a global midstage trial.

CCPs, banks voice support for ESMA stress test

2/17/2017

Several EU central counterparties and bank officials say they welcome a European Securities and Markets Authority plan to introduce standardized stress testing of clearinghouses. However, critics say CCPs are too diverse for a standard formula to be effective, and others say CCPs need to be more transparent on in-house test results.

Former UK prime minister Blair tries to stop Brexit

2/17/2017

Former British Prime Minister Tony Blair has kicked off an effort to stop Brexit, arguing the British people were misinformed about the consequences of leaving the EU. Voters have the "right to change their mind" as the true terms of Brexit become clear, he says.

Coeure: EU can make globalisation politically sustainable

2/17/2017

Europe's monetary and economic system and single market can be a blueprint for a sustainable approach to globalisation that has broad political support, said European Central Bank executive board member Benoit Coeure. "[W]e have to enhance the legitimacy of international economic rules, allow for different economic and social models to the extent that fair competition and macroeconomic stability is not impaired, and explain the case for globalisation in more nuanced ways," he said.

French bond trades surge amid fears of EU exit

2/17/2017

This month, €16 billion of French government bonds is being traded daily -- twice the average a year earlier -- as concerns grow that a far-right election victory will prompt "Frexit".

Survey: Fewer EU grads seeking work in the UK

2/17/2017

The number of graduates from European Union countries seeking jobs in the UK fell by 18% from May to July last year, according to a report from LinkedIn. Researchers said the study highlights the effects of the Brexit vote on businesses in the UK.

EU rejects delay of derivatives margin rules

2/17/2017

The European Commission won't delay enforcement of variation-margin rules that take effect March 1 for derivatives trades. "The EU stands committed to the internationally agreed deadline on variation margin," a spokeswoman said.

Confusion over MiFIR share-trading venue plans

2/17/2017

Preparations for the European Commission's Markets in Financial Instruments Regulation have encountered an obstacle, as the commission struggles to prioritise the countries that should qualify for equivalence as share-trading venues. There are significant doubts that the selection process, which requires input from EU regulators, will be completed before MiFIR takes effect on 3 January 2018.

EU rejects appeal to delay derivatives margin rules

2/17/2017

The European Commission said it won't delay enforcement of variation margin rules for derivatives trades scheduled to take effect 1 March. "The EU stands committed to the internationally agreed deadline on variation margin," a commission spokeswoman said.

Plan for MiFIR share-trading venues hits snag

2/17/2017

Preparation for the Markets in Financial Instruments Regulation has encountered an obstacle as the European Commission struggles to prioritize countries that qualify for equivalence as share-trading venues. There is significant doubt that the selection process, which requires input from EU regulators, will be completed before MiFIR takes effect Jan. 3.