New Basel regulations due to take effect in 2019 will create need for 2,000 staff. Some of the world’s biggest banks are set to spend more than $200m each to implement new regulations that will dramatically increase capital demands for some parts of their trading businesses. Source: FT
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At least four MPs were injured when supporters of the former ruling VMRO DPMNE party stormed the legislature after the former opposition elected a parliamentary speaker in a bid to form a government. Source Balkan Insight
Serbian tabloids have been publishing sensationalist reports about the possibility of war with Albania and Kosovo, but analysts said this simply allows the authorities to present themselves as guarantors of security. Source Balkan Insight
Italy’s justice minister said on Thursday it was “a lie” to paint humanitarian ships saving migrants in the Mediterranean as criminals, responding to a Sicilian prosecutor who has repeatedly suggested some are colluding with Libyan smugglers. Source Reuters