The Financial Transaction Tax: An Update
Sandy Bhogal,Alexandria Carr, April 26, 2013
On 18 April 2013 the UK government issued a legal challenge to the decision of the EU Council of 22 January 2013 which authorised a subset of the EU (not including the UK) to introduce a financial transaction tax under a little used procedure known as enhanced cooperation. The decision was subject...

Short Selling and Credit Default Swaps - New EU Rules Enter into Force on 1 November 2012
Alexandria Carr,Angela Hayes, November 1, 2012
The provisions of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps ("the Regulation") will come into force on 1 November 2012.

EU Draft Crisis Management Directive Requires Banks to Implement Recovery Plans
Alexandria Carr,Jeffrey P. Taft,Jörg Wulfken, October 16, 2012
The European Commission presented a draft directive on the recovery and resolution of credit institutions and investment firms (also referred to as the “Crisis Management Directive” or “CMD”) after extensive preparatory work on the international level and within the European...