Financial Reporting Council to examine two individuals and firm itself over ‘unauthorised’ auditors’ reports

We study how financial integration shapes the transmission of monetary policy to consumer prices and output in the euro area. Using local projections, we document that the effect of financial integration is continuous: greater integration systematically strengthens the pass-through of monetary policy. When integration falls to low levels—around the first quartile of its historical distribution— transmission to both prices and output becomes statistically and economically insignificant. The amplification pattern is pervasive across member states and more pronounced in peripheral economies.

As the government struggles to contain the farmers’ mobilisation, which is seen as highly challenging to resolve, a new opinion poll has indicated that there is deep public sympathy for farmers.

Plus, the law firm that sued over Musk’s pay faces a revolt and a bank scandal sends shockwaves through Brazil’s finance sector