Search Results for: European Commission
EU to hit UK with £50 billion Brexit settlement
December 17th, 2016
The European Commission’s chief negotiator has said that the UK would have to pay a Brexit settlement fee of €50-€60 billion (£42-£50 billion). Michel Barnier mentioned the figure to EU leaders, according to Sky News. Expected to be one ...
CySec decided to wholly withdraw the license of a Cyprus Investment Firm
December 13th, 2016
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that, on its meeting of 28th November 2016, has decided, pursuant to sections 25(1)(b), 25(1)(c) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in ...
CySec has issued a Circular to inform Cyprus Investment Frms about EBA guidelines
December 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular in relation to the European Banking Authority ‘Revised guidelines on the further specification of the indicators of global systemic importance and their disclosure’ and wishes to inform the ...
EU announces new tax rules to support online trading booming market
December 5th, 2016
Statement by Vice-President Ansip at the press conference to announce new tax rules to support e-commerce and online businesses in the EU Online trading is a booming market, for buyers as well as sellers. Europe could be making so ...
Italy has requested possible Monte dei Paschi bailout
December 2nd, 2016
Italy is discussing with the European Commission the terms of a state bailout of ailing bank Monte dei Paschi (BMPS.MI: Quote) that has already been requested and could be launched next week if needed, Italian daily Corriere della Sera ...
PCAOB Enters Into Cooperative Agreement with Italian Audit Regulator
November 30th, 2016
The Public Company Accounting Oversight Board today announced that it has entered into a cooperative agreement with the Italian audit oversight regulator Commissione Nazionale per le Società e la Borsa (CONSOB). The agreement allows for cooperation between the PCAOB ...
Payment card acceptance expanding fast in developing markets
November 25th, 2016
Rural expansion is driving rapid growth in card acceptance in developing markets, while regulation and new technology are boosting acceptance in more developed markets Underserved regions are showing the fastest growth According to RBR’s latest research, Global Payment Cards ...
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 ...
Consumer confidence rises in Eurozone in November
November 22nd, 2016
Consumer confidence rises in Eurozone in November, beating the wider European Union Eurozone consumer confidence has improved sharply in November, shrugging off any aftermath from the UK’s decision to vote to leave the European Union. The indicator improved by ...
EU Agrees Criteria for the establishement of ‘Tax Haven’ Blacklist
November 14th, 2016
Taxation: European Council agrees criteria for the screening of third country jurisdictions On 8 November 2016, the Council agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. It ...
