Deflation in the euro area ranks second
Regulators suggest steps banks can take to comply with AML requirements
Profitability, increasing interconnectedness of banks and non-bank firms and the growth of emerging markets are the top risks to Europe’s financial firms and markets
Opinion mixed on new bailout regime
The new market abuse rules will take effect in July
Agencies call for a consistent approach to the regulation of the securities, insurance and banking sectors
But borrowing conditions have improved
Losses forced on retail investors may be politically unacceptable
Elevated market risks driven by low interest rates, high asset values, the potential spill-over from heightened emerging market risks, and fiscal and political developments within Europe
Report recommends that investment firms be categorized to distinguish between systemic, non-systemic, and very small firms