FSB is considering rules on whether and how banks should be allowed to use client assets as collateral for their own trades.

EC lowers forecast; now predicts 0.4% decline in GDP in 2013.

EC lowers forecast; now predicts 0.4% decline in GDP in 2013.

EU forecasts another decline in eurozone GDP in 2013 as unemployment climbs.

EU forecasts another decline in eurozone GDP in 2013 as unemployment climbs.

Under the EU proposal for banking union, ECB would be the only regulator able to grant banking licenses in the euro-zone.

Under the EU proposal for banking union, ECB would be the only regulator able to grant banking licenses in the euro-zone.

Europe moves toward banking union, allows banks to tap bailout fund directly.