Europe News

India's Prime Minister Manmohan Singh headed to Washington Monday for what will be the first state visit of President Obama's presidency. Arvind Ramakrishnan from Exclusive Analysis has more.

The annual Confederation of Business Industry's conference kicked off in London Monday with the biggest names in politics and industry present. CNBC's Ross Westgate has this report.

The volume of activity in sovereign credit defaults swaps linked to the US, UK and Japan has doubled in the past year. Luis Costa from Commerzbank and Thomas Raber from Alvine Capital discuss the market.

The euro zone services sector grew at its fastest pace in 2 years in November. However, economists warn that the pace of recovery will be slow. Rob Dobson from Markit has more.

"I think the FSA has done a really rather bad job over the years," Roger Nightingale from Pointon York told CNBC Monday. The Bank of England should be the main regulators of the banking industry, Nightingale added.

"We need a much more stable supply of credit through the cycle," Lord Adair Turner, chairman of the FSA, told CNBC Monday. That may mean less credit overall, but would make credit more available during a financial crisis, he said.