The European executive threw its weight behind empowering new watchdogs to rein in financial speculators
The European executive threw its weight behind empowering new watchdogs to rein in financial speculators on Monday, and dealt a blow to French and German hopes of a permanent EU-wide ban on some forms of trading.
Amid a judicial investigation into its famously secretive bank, the Vatican created its own financial watchdog on Thursday and issued sweeping and tough new laws aimed at meeting international standards against money laundering and terrorist financing.