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European Securities and Markets Authority

EU Regulators Take Aim At London's Asset-Management Industry

EU Regulators Take Aim At London's Asset-Management Industry

Brexit negotiations officially began three weeks ago, and whether the UK will retain access to the European Union’s single financial market once they’re over is unknown. Yet that hasn’t stopped regulators on the Continent from taking a swipe at more than a trillion euros in assets, and thousands of well-paying finance jobs required to manage them, that they think belong on the other side of the English Channel.

You Know It's Bad In Spain's Banking System When...

You Know It's Bad In Spain's Banking System When...

...The regulator bans short sales.

Following our discussion of the collapse of LiberBank's stock and bond prices as investors quickly identify the next domino to fall in Spain's crumbling financial system, Bloomberg reports regulators imposed an emergency ban on short selling the stock.

Spanish securities regulator CNMV, backed by the European Securities and Markets Authority, on Monday banned the sale of borrowed shares for a month.