Search Results for: European Parliament
Greece debt crisis: Tension rises ahead of vote on third bailout
August 13th, 2015
Faced with opposition to a new Greek bailout at home and abroad, Greek Prime Minister Alexis Tsipras on Wednesday expressed confidence that the deal would gain approval in what promises to be a tough vote in Greece’s Parliament in ...
Financial stability: new Commission rules on central clearing for interest rate derivatives
August 10th, 2015
The European Commission has today adopted new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties. Mandatory central clearing is a vital part of the response to the financial ...
Finance Sector in the Dark Over Data Protection Changes
July 28th, 2015
With a quarter of businesses in finance and accountancy sector totally unaware of the EU General Data Protection Regulation we interviewed John Culkin, Director of Information Management, Crown Records Management to find out about the regulation and what financial ...
Orderly Grexit Poses a Puzzle for EU Lawyers Gaming Out Doomsday
July 10th, 2015
Grexit on Sunday? Not so fast, say the lawyers. Even if the creditors pull the plug, Greece will remain legally part of the euro zone on Monday. It could hang on in a half-out, half-in state indefinitely, creating legal ...
Greece Votes NO – Let The Chaos Begin…
July 6th, 2015
The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. With almost all of the votes counted, it is being reported that approximately ...
How EU data protection law could interfere with targeted ads
June 24th, 2015
The successor to the 20-year-old European data protection directive has inched closer to becoming law, having been approved by the Council of Ministers, which represents each of the 28 EU member states. This has led to howls of anguish from some ...
EU report: international accounting rules did not worsen 2008 crisis
June 22nd, 2015
The European Commission said on Friday there was no clear evidence that adopting international accounting rules made the bloc’s banking crisis worse and that its benefits outweighed the costs. The independent International Accounting Standards Board (IASB) rules replaced a ...
UK to reject EU plans to combat multinational tax avoidance
June 19th, 2015
David Gauke, financial secretary to the Treasury, insists on tax competition as opposed to Union’s plan to introduce common tax rules Britain will reject plans announced in Brussels this week to combat industrial-scale tax avoidance by the world’s biggest ...
EU Bank-Separation Bill Sets $112 Billion Trading Mark
June 16th, 2015
Banks with annual trading activities of more than 100 billion euros ($112 billion) would face added scrutiny from supervisors armed with a tool box of capital rules and separation powers in a draft European Union law. Envoys from the ...
Germany, France Targeted as EU Chases Tax-Loophole Data
June 9th, 2015
The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing ...
