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Making progress on better regulation: Commission endorses better law-making deal and appoints REFIT Platform members

December 17th, 2015 (0)
Making progress on better regulation: Commission endorses better law-making deal and appoints REFIT Platform members On 15 December, the Commission endorsed a new Inter-institutional Agreement (IIA) on Better Law-Making with the European Parliament and Council to improve the quality ...

FED raises interest rates first time since 2006

December 17th, 2015 (0)
Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the ...

The Commission acts for full, proper and timely implementation of EU law

December 14th, 2015 (0)
The Commission ensures proper application of EU law for the benefit of citizens and businesses: This month’s infringement package includes 34 reasoned opinions, 9 referrals to the Court of Justice of the EU, and 83 closures. To help citizens ...

Morgan Stanley Agrees to Pay $225 Million to Settle NCUA’s Claims

December 11th, 2015 (0)
Most Recent Settlement Resolves Cases in New York and Kansas Federal Courts The National Credit Union Administration today announced a settlement with Morgan Stanley for $225 million to resolve claims arising from losses related to corporate credit unions’ purchases ...

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion

December 10th, 2015 (0)
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment.  At its meeting ending on 9 December 2015, the MPC ...

Swiss National Bank released: Monetary policy remains expansionary

December 10th, 2015 (0)
The Swiss National Bank has issued today a press release to inform in relation to its monetary policy assessment. Monetary policy remains expansionary The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. The target range for the ...

RBS pays €23.8m to settle tax evasion inquiry into Coutts’ Swiss operation

December 10th, 2015 (0)
Settlement with German prosecutors, which involves immunity for any current for former staff, is latest embarrassment for bailed-out bank Royal Bank of Scotland is paying €23.8m (£17.3m) to German prosecutors to settle an investigation into tax evasion by part of ...

ECOFIN: Main results on Tax Rulings

December 9th, 2015 (0)
The Council took a number of decisions on corporate taxation. It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to companies about how taxation will be dealt with. Pierre Gramegna, ...

Why Cloud adoption in the Finance Sector is still lagging

December 8th, 2015 (0)
Limitations to a consistent regulatory framework and the broad adoption of good practices deters financial institutions from taking advantage of the benefits of cloud computing. Cloud Computing is currently widely used in several sectors, however, its adoption in the ...

Russia And Turkey: Teetering On The Brink

December 7th, 2015 (0)
The Russian state-run propaganda machine is currently fanning anti-Turkish vitriol full-time. Economic ties between Russia and Turkey are being effectively severed, while military forces have been put on high alert. Is this escalation a mere PR exercise to mobilize ...
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