FROM THE MEDIA Reuters: EU executive softens commission curbs for financial products According to Reuters, the EU executive body said it would propose only a partial ban on banks offering cash incentives to financial advisers who have sold their products. "We're looking at tightening the conditions under which inducements are allowed," EU financial services chief Mairead McGuinness said. Read more CoinDesk: Stablecoin reserves need to be diverse José Manuel Campa, chairman of the European Banking Authority (EBA) urged crypto players to start managing risks immediately as new rules take effect. As reported by CoinDesk, MiCA requires issuers of stablecoins to have enough reserves to manage turbulence, and “EBA will be paying special attention to diversification of the deposit component of the reserve.” Read more Bloomberg: EU finance chiefs set to lock horns on fiscal rules European Union finance ministers meeting outside Stockholm this week will discuss how to improve the banking union following a proposal to make it easier to wind down troubled small and medium-sized lenders. Besides, the EU is looking at how to coordinate financial support to help rebuild the country in the longer term, Bloomberg reports. Read more |
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