ECB’s top supervisor seeks new powers to override bank capital barriers
Claudia Buch says EU should look ‘more favourably’ at waivers to help lenders move money more freely around the bloc
Economic news
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European defence groups look to flotations as they chase market rally
Stoxx Europe aerospace and defence index has more than tripled since 2022, with more than half of that rise coming this year
India persists in buying Russian oil despite Trump threats
Also in this newsletter: digital privacy law is finally here, and Pranav Haridasan’s mantra
Calpers adopts new approach to assess risk and returns
The $556bn US public pension fund will increase equity allocation under overhauled framework to improve returns
UK raises bank deposit guarantee to £120,000 to keep pace with inflation
Financial services groups will have to make a higher contribution to compensation scheme for customers of failed companies