Great days, news update from Eurozone, European rules alarm fund managers, Industry says proposed technical standards, which diverge from the advice of the Esma, will damage business and shut out the US and Asia region
Meanwhile, some of Big banks with huge capital prepare to pay back LTRO loans, UniCredit, BNP Paribas, Société Générale and La Caixa will start repayments of the ECB's cheap three-year funding within the next 12 months
From England we reported, UK fights Brussels over bank capital rules, London to claim victory over letter that argues Brussels should not be able to stop national authorities demanding banks hold more capital
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