Financial Regulatory Update - August 2012


This newsletter highlights some of the key financial regulatory reform measures affecting the UK and EU during the period from 1 May to 31 July 2012.

Banking Regulation -

Announcement of proposal for Banking Union in the EU -

The European Commission has announced the proposal for Banking Union in the EU. The idea of Banking Union is a political one and the concept may ultimately encompass a variety of legal instruments designed to achieve closer EU integration of banking.

Measures which are likely to be considered further at EU level as part of Banking Union include: an integrated system for the supervision of cross-border banks, a bank supervisory role for the European Central Bank, a single deposit guarantee scheme, an EU resolution fund and a common regulator for EU cross border banks.

The Commission is working to produce proposals in these areas by early September. Meanwhile, the British government has indicated that Britain will not be part of any common deposit guarantees or under the jurisdiction of any single European financial supervisor.

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© White & Case LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.