Search Results for: European Commission
Paul P. Andrews of FINRA Named IOSCO Secretary General
December 16th, 2015
The Board of the International Organization of Securities Commissions (IOSCO) today announced it has appointed Paul P. Andrews as its new Secretary General. Mr. Andrews is currently the Vice President and Managing Director of International at the Financial Industry ...
With change of tone, EU warms to Turkey, Serbia membership bids
December 15th, 2015
The European Union revived Turkey’s membership bid on Monday and opened accession talks with Serbia, showing how a migration crisis and Russia’s presence in the Balkans has prompted the EU to rethink plans to stop expanding. More than a ...
Historic climate deal in Paris: EU leads global efforts
December 14th, 2015
The European Union has played a key role in brokering a historic agreement in Paris, where the first-ever universal, legally binding global climate deal was adopted. It sets out a global action plan to limit global warming to well ...
EU Hits McDonald’s With Full-Blown Tax Investigation
December 4th, 2015
U.S. fast-food chain’s Luxembourg unit has paid ‘virtually’ no corporation tax on profits since 2009 European Union regulators confirmed Thursday they have opened a full-blown probe into McDonald’s Corp.’s tax affairs in Luxembourg, warning that a tax deal granted ...
EU Parliament Calls For ‘Corporate Tax Makeover’
November 30th, 2015
Members of the European Parliament have called on European Union (EU) member states to agree on mandatory country-by-country reporting for multinationals, a common consolidated corporate tax base (CCCTB), common definitions for tax terms, and more transparency on national tax ...
ISIS parks its cash in Bitcoin, experts say
November 26th, 2015
Just days after the hacker group Anonymous pledged to hunt down Islamic State members and launch cyberattacks against their accounts, a separate group of techies claims it has identified a key funding avenue for the terror network – bitcoin accounts. Ghost ...
Big banks accused of interest rate-swap fixing in U.S. class action suit
November 26th, 2015
A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court ...
A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks
November 25th, 2015
Today, the Commission has proposed a euro-area wide insurance scheme for bank deposits and has set out further measures to reduce remaining risks in the banking sector in parallel. The recent crisis has shown that large economic and financial ...
Shell’s Takeover of BG Group Clears Australian Hurdle
November 20th, 2015
Tie-Up’s success hangs on approval from China and Australia’s Foreign Investment Review Board Australia’s antitrust regulator won’t stand in the way of Royal Dutch Shell PLC’s takeover of BG Group PLC, brushing aside its earlier concerns that the tie-up could reduce the supply of natural ...
EU clamps down on bitcoin, anonymous payments to curb terrorism funding
November 19th, 2015
European Union countries plan a crackdown on virtual currencies and anonymous payments made online and via pre-paid cards in a bid to tackle terrorism financing after the Paris attacks, a draft document seen by Reuters said. EU interior and ...
