BRUSSELS: The EU struck a deal on Tuesday (Jun 27) to implement internationally-agreed banking reforms intended to avert a repeat of the 2008 financial crisis. The European Commission first proposed the banking law in October 2021 but there has been a greater focus on banks following the collapse of lender
BRUSSELS: The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a repeat of the 2008 financial crisis.
Negotiators from the European Council, which represents the 27 member states, and the European Parliament provisionally agreed on the rules on Tuesday. But the bloc has pushed for its rules to take into account the"concrete conditions" of European banks which rely more on low-risk home loans than their American counterparts.
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Circle Line to resume normal operations on Jun 27 after early completion of tunnel maintenance worksNormal operations will resume from Tuesday (Jun 27), including train services at Dhoby Ghaut, Bras Basah, Esplanade, Promenade, Nicoll Highway, Marina Bay and Bayfront.
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Circle Line services resume normal operations on Tuesday, more than 3 weeks ahead of scheduleLTA had earlier told passengers to expect delays when precautionary and maintenance works were carried out to strengthen the tunnel. Read more at straitstimes.com.
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Thailand's Pita says 'enough support' from Senate to become PMBANGKOK: Thailand's leading prime ministerial candidate Pita Limjaroenrat said on Tuesday (Jun 27) he has enough support in the upper house to become the country's next premier, just days ahea
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Russia preparing to take over Wagner's heavy weaponsMOSCOW: Russia prepared on Tuesday (Jun 27) to take possession of heavy military hardware held by Wagner as Moscow moved to bring the mercenary group under its control after its aborted mutiny.
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Dutch court rules sultan's heirs cannot seize Malaysian assetsTHE HAGUE: A Dutch court of appeal dismissed on Tuesday (Jun 27) a bid by eight descendants of a former sultanate to enforce a
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Asia lobby group pushes for easing of China's offshore listing rulesHONG KONG: China's new offshore listing rules for domestic companies have left bankers and lawyers who work on listings unsure how to take on liabilities and how to avoid breaching tightened confidentially rules, Asia's largest financial lobby group said on Tuesday (Jun 27). China's long-awaited rules for
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