SINGAPORE : The European Commission will strip Singapore and four other countries of some market access rights this week, according to a Financial Times report citing a document.
The bloc grants financial market access right, or so-called “equivalence provisions” to non-EU financial firms such as lenders, investment firms, clearing houses or credit rating agencies, as long as it considers their home rules to be in line with the EU’s. “We had extensive dialogue with those countries, so they knew there was an issue and they knew there may be consequences,” Valdis Dombrovskis, the EU commission vice-president in charge of financial regulation, is quoted as telling the FT. “If they, during several years, chose not to update their legislation, then we had to take the decision to withdraw equivalence.”
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
EU to strip five countries, including Singapore, of some market access rights, FT saysNEW YORK (BLOOMBERG) - The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia don't regulate credit ratings agencies with the same rigour as the EU, the Financial Times reported on Sunday (July 28), citing a document.. Read more at straitstimes.com. All a sudden , many arrow shoot at our back
Sumber: The Straits Times - 🏆 8. / 63 Baca lebih lajut »
EU to strip 5 countries, including Singapore, of some market access rights, says FT[NEW YORK] The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia do not regulate credit ratings agencies with the same rigour as the EU, the Financial Times reports citing a document. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »
Huawei market share rises to 38per cent as China smartphone market declines: CanalysHuawei Technologies extended its lead in the declining China smartphone market in the second quarter, with its market share rising to 38per cent ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »