Search Results for: European Council
EU shoppers still face ‘unjustified’ discrimination
December 15th, 2016
A new EU report out today finds that shoppers still face unjustified discrimination due to nationality and place of residence. The report looked at the implementation of EU consumer law and finds that business practices such as geo-blocking are ...
Finansinspektionen: Remark and administrative fine for two companies in the Nasdaq Group
December 14th, 2016
Nasdaq Clearing AB is receiving a remark and must pay an administrative fine of SEK 25 million. Nasdaq Stockholm AB is receiving a remark and must pay an administrative fine of SEK 30 million. Finansinspektionen (FI) has investigated how ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
Alibaba Financial Affiliate Seals Bank Deals for Alipay Expansion in Europe
December 7th, 2016
Alibaba Group Holding Ltd.’s financial affiliate said it would collaborate with three banks and a payments company in Europe as the Chinese company seeks to expand its presence there. Ant Financial Services Group, which operates the Alipay online-payments platform, ...
PwC comments on EU’s proposed changes to finalise Basel III and start implementing Basel IV
November 25th, 2016
Earlier this week , the European Commission published its first proposals for revised rules to calibrate capital and liquidity requirements – in the form of a Directive and a Regulation (“CRD V”& “CRR II”), as well as amendments to ...
FIA welcomes EC proposals on capital requirements
November 24th, 2016
FIA welcomes today’s publication of the European Commission’s (EC) proposals to amend the Capital Requirements Directive 2013/36/EU (CRD IV) and the Capital Requirements Regulation EU No 575/2013(CRR). The proposals released today include numerous comprehensive changes and new provisions, many ...
EU and Canada signed CETA; a trade deal that sets a new standard for global trade
November 1st, 2016
On 30 October, the EU and Canada sign a trade agreement, known as the Comprehensive Economic and Trade Agreement (CETA). This deal will create jobs and growth by boosting trade and strengthening economic relations. CETA’s progressive nature will set ...
EU Commission proposes major Tax reform; A fair tax system through the EU Single Market
October 27th, 2016
The Commission has today announced plans to overhaul the way in which companies are taxed in the Single Market, delivering a growth-friendly and fair corporate tax system. Re‑calibrated as part of a broader package of corporate tax reforms, the ...
Now it’s time over debt relief for Greece
October 24th, 2016
Greek PM Tsipras: Time for Greece’s Creditors to Honor Their Side of the Bargain With QE in 2017! Greek Prime Minister Alexis Tsipras appeared optimistic on Friday over debt relief for Greece while he also stressed the need for ...
Dollar hovers near two-month high, euro extends bounce
October 5th, 2016
The dollar hovered near a two-month high against a basket of currencies on Wednesday, lifted by hawkish comments from a Federal Reserve official and higher U.S. Treasury yields. The euro also extended its bounce following a report of potential ...
