eu

Follows lifting of sanctions in summer

Extends QE to at least March 2017

Will come into force 31 December 2016 if approved

Clamp down on retail products

Benefits of membership outweigh disadvantages

Thinktank New City Initiative (NCI) is calling for investment firms that only market their products in one country to be exempt from European regulation, such as AIFMD and MiFID II.

The fallout from the latest deal to keep Greece in the eurozone means it is now "far more likely" the UK will vote to leave the EU in the 2017 referendum, according to Société Générale strategist Albert Edwards.

Britain's foreign secretary Philip Hammond has echoed Bank of England Governor Mark Carney's calls for a 'fast' referendum on Britain's place in the EU.

The European Securities and Markets Authority (ESMA) has delayed its review of standards for MiFID II until September, cutting the amount of time the industry will have to assess proposals ahead of implementation.

Investors cheered last week's election result, but an EU referendum and SNP agitators could have major implications for markets this year. Six wealth managers analyse the possible impact.