Finance Watch

Brussels, 24 January 2012: “Rating agencies are both judge and jury. We need a system that is altogether more technical and less emotional”. Finance Watch today gave evidence at a European Parliament public hearing on the European Commission’s proposed reforms of credit ratings agencies. Finance Watch Secretary General Thierry Philipponnat told the hearing that reforms [...]

5 December 2011: Finance Watch today gave evidence at a European Parliament hearing on the planned update to MiFID, the EU’s rules governing markets for financial instruments, and on high frequency trading. The net price of transactions to investors has not fallen, because the fragmentation of equity trading venues has led to higher transaction prices [...]

“The latest lobby tactic is to convince pundits, public and politicians that encouraging prudence too soon will hit the economy too hard. This is no longer amusing. This strategy is intellectually dishonest and potentially damaging,” said Robert Jenkins, member of the Bank of England’s Financial Policy Committee, in a speech in London on 22 November [...]

12 October 2011: Finance Watch Secretary General, Thierry Philipponnat, yesterday gave evidence on the effects of CRD4 to the European Parliament’s ECON Committee for Economic and Monetary affairs. A copy of his speech is available for download. To see a video of the hearing, click here. Scroll forward to 15.56 to see Thierry speak.