Europe

The Financial Services Authority (FSA) and the US Securities and Exchange Commission (SEC) held joint talks today on how to tighten cross-Atlantic regulation and enforcement.

Eurozone banks may have to raise €200bn to boost their capital reserves under a proposal from the European Banking Authority (EBA).

George Osborne has insisted that British banks would "ride out the storm" of the eurozone crisis.

Cayman-based Melchior European Fund from Dalton Strategic Partnership (DSP) has closed to new and exiting investors following a period of strong inflows.

Index provider Russell has launched a set of pan-European indices in partnership with Chi-X Europe as part of a global expansion of its index offering.

The Financial Services Authority (FSA) has restarted its review of Financial Services Compensation Scheme (FSCS) funding, with a view to formally consult in the first half of 2012.

News that Greece will fail to meet deficit reduction targets pushed the FTSE 100 down 2.8% at open, dragging it below 5,000 points.

A draft copy of the European MiFiD financial services reforms has singled out independent firms for the ban on commission, but stops short of confirming the rules will also apply to other advisers.

The FTSE 100 sold off sharply in early trading alongside indices across Europe as fears over a break-up of the region swept across markets once again.

Justin Oliver, investment director at Collins Stewart Wealth Management, explains why a multi-manager approach to investing can benefit your clients in a volatile environment.