European Union (EU)

US retreat hits European trading

The retreat of US energy firms from energy trading has reportedly hit European volumes hard. But volumes aside, James Ockenden finds that the withdrawal may bring a fundamental change in the market. With additional reporting by Eurof Thomas

Small firms welcome EU proposals

BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.

EU officials act on post-Enron policy issues

European Union (EU) finance ministers and central bankers ordered a review on Saturday of the supervisory issues for derivatives trading and the preparation of financial data to try to avoid any Enron-like collapses in Europe.

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