Search Results for: EU commission
Cinnober selected to receive EU funding for disruptive client clearing technology
January 14th, 2015
The European Commission recognizes need for real-time risk margining, multi-asset client clearing solution for the banking sector The European Commission has announced that Cinnober has been chosen to receive financial support to develop a real-time risk margining and multi-asset ...
European markets rise on US futures lead
January 12th, 2015
World markets were traded lower on Friday. Average Hourly Earnings in December, released in the United States, indicated unexpected decrease and affected investor’s sentiment. Non-Farm Employment Change outperformed the outlook, Unemployment Rate dropped to the lowest level over 6.5 ...
New Visa Europe Interchange Programme: Opportunity for Merchants and Acquirers
January 2nd, 2015
Early 2015, Visa Europe will introduce their so-called Cross Border Domestic Interchange Programme (CBDIP). This programme will cap interchange fees for domestic transactions processed by European cross-border acquirers. This seems to be excellent news for merchants as it could ...
Europe ‘must do more to tackle tax dodging’
December 30th, 2014
Labour MEPs are pushing the European Commission to do more to tackle tax avoidance – a subject that has plagued Commisison President Jean-Claude Juncker – and to come forward with concrete legislation that will clamp down on this pernicious ...
All EU member states told to release tax ruling information
December 18th, 2014
All EU member states have now been drawn into the European Commission’s investigation into the use of tax rulings to offer preferential tax treatment to multinationals The Commission has extended the scope of its enquiry into tax rulings practice ...
Ultimate owners of companies would have to be listed in central registers in EU countries
December 18th, 2014
The ultimate owners of companies would have to be listed in central registers in EU countries, accessible to people with a “legitimate interest”, such as investigative journalists and other concerned citizens, under a deal struck by Parliament and Council ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
ERPB to address instant payments in euro and remaining SEPA issues
December 9th, 2014
Instant payments with immediate availability of funds are the industry’s next frontier Aim is to take advantage of integration already achieved with SEPA and avoid the development of a fragmented market in Europe In its second meeting, on 1 ...
ESMA and Australian Securities and Investment Commission (ASIC) sign MoU on trade repository data
December 4th, 2014
The European Securities and Markets Authority (ESMA) and the Australian Securities and Investments Commission (ASIC) have concluded a Memorandum of Understanding (MoU) on access to data held in European trade repositories . The MoU is effective as of 26 November 2014. The ...
Sweetheart tax avoidance deals to receive greater scrutiny from the EU
December 3rd, 2014
Draft legislation to oblige sharing of corporation tax deals, as Germany, France and Italy pressure Juncker over Luxembourg The European commission has pledged to fast-track new legislation to establish greater scrutiny over sweetheart tax avoidance deals for big companies. ...
