Search Results for: European Parliament
EU says to monitor, not regulate ‘hyped’ virtual currencies
January 26th, 2016
The European Union will monitor rather than regulate “hyped” virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body’s executive said on Monday. The world’s 600 virtual ...
S.Korean antitrust agency probes Volkswagen over emissions ads
January 22nd, 2016
South Korea’s antitrust regulator is probing Volkswagen AG over its advertising claims on emissions from its cars, an official at the agency told Reuters on Friday. The Fair Trade Commission official said a probe is under way without elaborating. ...
First-ever EU-wide cyber-security rules backed by Internal Market Committee
January 15th, 2016
Firms supplying essential services, e.g. for energy, transport, banking and health, or digital ones, such as search engines and cloud computing, will have to take action to improve their ability to withstand cyber-attacks under new rules approved by Internal ...
Rule of law in Poland: Commission starts dialogue
January 14th, 2016
The Commission discussed the respect of the Rule of Law in Poland and launched a dialogue under the Rule of Law Framework. It also discussed migration, the Investment Plan for Europe, a pillar of social rights and the treatment ...
2016: year of corporate tax reform and fiscal transparency, Moscovici tells MEPs
January 13th, 2016
2016 should be the year of corporate tax reform and fiscal transparency, tax Commissioner Pierre Moscovici told MEPs from the Special Committee on Tax Rulings and the Economic and Monetary Affairs Committee at a hearing on Monday evening. “We ...
Single Resolution Mechanism to come into effect for the Banking Union
January 4th, 2016
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will ...
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
December 30th, 2015
If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus ...
Seven big investment banks in UK paid just $30 million tax in 2014
December 29th, 2015
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows. In recent months, the seven investment and ...
Google under scrutiny over lobbying influence on Congress and White House
December 18th, 2015
Concerns grow after disclosure Google enlisted US politicians to pressure EU brought attention to tech giant’s close relationship with Washington politicians. Google has made political donations to 162 members of the US Congress in the latest election cycle, figures show, as ...
EU data laws threaten huge fines
December 17th, 2015
Technology companies could face fines of up to 4% of their global annual turnover under new European rules on data protection. The European Union has approved significant changes to data laws, aimed at putting individuals back in charge of ...
