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EU Institutions Agree to Bolster Authority of Financial Supervisors
April 22, 2019
In another step toward EU officials’ goal of forming a centrally governed Capital Markets Union, the European Parliament and EU governments have broadly agreed on the reinforcement of powers of the finance-focused European Supervisory Agencies that “keeps pace with further integration” of the eurozone.
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UK Lawmaker: PM Must Remain “Servant of the People” on Brexit
April 22, 2019
Former Brexit Secretary David Davis MP argues that the UK Prime Minister’s first responsibility is to the British people, who voted in favor of leaving the EU, and that she must therefore refuse to be bound by any parliamentary vote seeking to contradict the outcome of the Brexit referendum in 2016.
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UK Chancellor: New Brexit Referendum Deserves Consideration
April 22, 2019
The Independent reports that UK Chancellor of the Exchequer Philip Hammond has argued the proposal for a second Brexit referendum that could override the outcome of the first “deserves to be considered along with the other proposals” the UK Parliament is debating.
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UK, EU Bank Regulators Reach Post-Brexit Cooperation Deal
April 22, 2019
Highlighting continued cooperation between UK and EU regulators to limit the negative impacts of a no-deal Brexit, bank watchdogs in each jurisdiction have reached a deal on “uninterrupted information-sharing and supervisory cooperation” in the event Britain leaves the EU without a withdrawal deal.
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EC Fines Google over Third-Party Web Advertising
April 22, 2019
The European Commission (EC) has fined Google €1.49 billion over allegations that the internet giant favored its own advertising services over those of its rivals on third-party websites, the third such antitrust fine levied by the EC against the company.
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