Search Results for: European Commission
Belgian court orders Facebook to stop tracking non-members
November 11th, 2015
Judge threatens social network with fines of €250,000 a day over ‘datr’ cookie, which records visits to many websites whether or not user has Facebook account A Belgian court on Monday gave Facebook 48 hours to stop tracking internet users who ...
EBA consults on information exchanges between authorities regarding qualifying holdings
November 11th, 2015
The European Banking Authority (EBA) launched today a public consultation on its draft Implementing Technical Standards (ITS) on the procedures, forms and templates that competent authorities in the EU should use when consulting each other on qualifying holdings. The ...
Eurogroup urges Athens to deliver reforms in a week – Remarks by J. Dijsselbloem
November 10th, 2015
Greece failed to secure the release of 2 billion euros in bailout funding at a Eurogroup summit on Monday, as expected, with creditors prodding Greek officials to push forward with outstanding reforms and reach a compromise on thorny issues ...
Greece, Creditors Said to Need a Few More Days to Reach Aid Pact
November 9th, 2015
Update: Greece and its European Union creditors need a few more days to reach an agreement that would release an aid payment of 2 billion euros ($2.2 billion), according to an EU official with knowledge of the talks. The ...
French Regulator Considers Fining Virtu Financial for 2009 Trading
November 6th, 2015
Autorité des Marchés Financiers previously accused Virtu’s Madison Tyler Holdings of violations A French regulator is considering a multimillion euro fine for Virtu Financial Inc. as it weighs a penalty for trading that took place in 2009. France’s Autorité des Marchés Financiers ...
CySec issued a Circular regarding National Risk Assessment of Anti Money Laundering and Counter Terrorist Financing Measures
November 4th, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulator of Cyprus, has issued a Circular to inform Regulated Entities the following: 1) National Risk Assessment (‘NRA’) In accordance with the international standards set by the Financial Action Task ...
Google says an EU antitrust fine would be ‘inappropriate’
November 4th, 2015
Google has hit back at EU antitrust regulators’ warning of a possible hefty fine, saying this would be inappropriate because of the unusual nature of the case and its willingness to settle the case with concessions last year. In ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
KCG reports consolidated revenues of $377.0 million for the Third Quarter
November 2nd, 2015
KCG reports consolidated revenues of $377.0 million and pre-tax earnings of $35.4 million for the quarter KCG Holdings, Inc. (NYSE: KCG) today reported consolidated earnings of $21.9 million, or $0.24 per diluted share, for the third quarter of 2015. Included in ...
Euronext expands global reach to Hong Kong
October 30th, 2015
Regulatory approval given for Hong Kong domiciled trading firms to become Members of the Euronext Paris derivatives market Euronext today announced that it has received approval from the Hong Kong Securities and Futures Commission (“HKSFC”) to provide automated trading ...
