Frankfurt / AFP The European Central Bank’s easy-money policy has let eurozone governments delay key reforms, a German expert panel said on Wednesday, urging the Frankfurt institution to ease off the massive stimulus spending. “The extent of monetary easing in the euro area is no longer appropriate given the region’s economic recovery,” the German Council of Economic Experts said ...

  London / AFP Almost three quarters of British bankers believe London will still be the financial centre of Europe in five years’ time, despite risks surrounding Brexit, according to a study published Wednesday. US financial services firm Synechron, which carried out the research with the TABB Group, said it questioned 80 capital markets executives in banks based in Britain. ...

  Bloomberg Oversea-Chinese Banking Corp.’s Chief Executive Officer Samuel Tsien said surging compliance costs are one factor spurring him to expand his Asian wealth-management business, at a time when some overseas competitors are retreating. That’s because the rapidly expanding costs of complying with anti-money laundering, tax-compliance and other regulatory requirements — rising by 35 percent annually across the whole bank ...