Search Results for: European Commission
EBA finds supervisory authorities have implemented robust IT systems
April 12th, 2017
The European Banking Authority (EBA) published today a Report on the Peer Review carried out on its ITS on supervisory reporting aimed at assessing how supervisory authorities have ensured its consistent and comprehensive implementation. The Report summarises the outcomes ...
What’s next for Europe and Natural Gas
March 30th, 2017
In recent years we have seen countless proposals for projects to deliver natural gas to Europe and ease the European Union’s dependence on Russian gas. Attempts to diversify the EU’s energy supplies have produced various plans for pipelines. But amid ...
London Stock Exchange reports total income up 17% to £1,657.1 million for 2016
March 4th, 2017
Unless stated otherwise, all figures in the highlights below refer to continuing operations1 for 12 months to 31 December 2016 and comparisons with the prior 12 month period on the same basis. Continued execution against strategic objectives and investment ...
ESAS warn on Money Laundering and Terrorist Financing risks affecting the EU financial sector
February 22nd, 2017
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a Joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union’s financial sector. This Opinion ...
Swiss voters rejected corporate tax reforms
February 14th, 2017
The European Commission is disappointed that Swiss voters rejected plans to overhaul corporate taxes and will consult with European Union governments on how to proceed, the EU tax commissioner Pierre Moscovici said on Monday. Voters on Sunday blocked the ...
Greece, Israel, Italy, Cyprus to discuss natural gas pipeline
February 2nd, 2017
Government representatives from Italy, Greece, Cyprus and Israel plan to meet in February to discuss a natural gas pipeline from the east Mediterranean fields to Greece and Italy, according to a report in Globes, a business daily. Israel energy minister ...
What a leaked EU report says for Brexit
February 2nd, 2017
The European commission’s Brexit negotiators must strike a “workable” deal with Theresa May’s government to protect the City of London or the economies of the remaining member states will be damaged, a leaked EU report warns. The document – ...
Mastercard `Preying on Millions’ Sparked $17 Billion Fee Lawsuit
January 18th, 2017
Consumers seek permission to bring U.K.’s largest class action Mastercard says damages would be impossible to calculate Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to ...
New Tax rules for transparency into force as of 1 January 2017
January 5th, 2017
With an announcement published on 3 January 2017 the European Commission has welcomed the entry into force of new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in ...
Euronext makes irrevocable cash offer to acquire LCH.Clearnet SA
January 3rd, 2017
Euronext has made an irrevocable all-cash offer to LCH.Clearnet Group Limited (“LCH.Clearnet Group”) and London Stock Exchange Group plc (“LSEG”) to acquire LCH.Clearnet SA (“Clearnet”), in relation to which terms and conditions have been agreed. Clearnet has commenced a ...
