The Greek market has dropped 23% this morning as it reopened after a five week shutdown, implemented while the country battled to remain in the eurozone.
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 FTSE 100 has opened another 0.1% higher after investors grow more optimistic that a deal to stop Greece defaulting on its debt will be struck in the coming days.
Greece has missed its scheduled payment to the International Monetary Fund (IMF), announcing it will bundle debt due into a single figure at the end of the month instead.
Deutsche Bank could move parts of its business from the UK to Germany if a referendum ends the UK's membership of the European Union.
Central European economies are beginning to show signs of growth, despite the Russia-Ukraine conflict showing no sign of easing in the near future, writes Franklin Templeton's Mark Mobius.
100 years on and Europe is still struggling for peace
Britain risks seeing its standard of living hit if it leaves the European Union, according to the head of the firm running the world's largest bond fund.
Greece is seeking a two-year extension to its austerity programme from the European Union and IMF as it struggles to find room for another €11.5bn of spending cuts.