The ECB will sit on the sidelines during France’s debt sell-off
That does not mean it can avoid making contingency plans to activate emergency measures
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Treasury’s Bessent hires Trump’s controversial former Fed board pick, Judy Shelton, as adviser
Shelton’s controversial economic ideas led the Senate to block her nomination to the Federal Reserve. Now she’s be a counselor to the Treasury secretary.
Former Deutsche Bank star trader has rate-rigging conviction quashed
Christian Bittar had pleaded guilty in 2018 to manipulating the Euribor rate
EU countries to overhaul financial market supervision
Reforms part of effort by Brussels to bolster bloc’s flagging competitiveness in relation to US
Most countries unprepared for bank failures, watchdog warns
Financial Stability Board says only US, UK, Japan and Hong Kong have a ‘credible public sector backstop’ to keep troubled lenders afloat before a sale or wind-down