Search Results for: European Union
Sweden Consults On New Bank Tax
May 12th, 2015
The Swedish Cabinet, on May 7, endorsed plans for a study to be undertaken on the Government’s proposal for a new tax on the financial sector. Financial services, including banking, securities trading, and insurance services, are exempt from value-added ...
Visa Said in Talks to Buy Visa Europe for Up to $20 Billion
May 11th, 2015
Visa Inc., the world’s largest payments network, is in preliminary talks to buy former subsidiary Visa Europe Ltd. in a deal that may be valued at as much as $20 billion, people with knowledge of the matter said. The ...
BoI warns Israeli banks to keep sanctions on Russia
May 11th, 2015
Israeli banks are being required to verify that sanctions are being observed. The Bank of Israel has ordered Israeli banks to establish a policy and rules for working with companies and banks in Russia, following the sanctions imposed on ...
IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
EBA consults on draft technical standards on the mapping of ECAIs credit assessments for securitisation positions
May 8th, 2015
The European Banking Authority (EBA) launched today a consultation on draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments for securitisation positions. These ITS will be part of the Single Rulebook in ...
Orwell chooses Interoute’s secured PCI DSS infrastructure to host its revolutionary cross border online current account
May 7th, 2015
ipagoo extends beyond national boundaries and provides the world’s first truly cross border service Interoute, owner and operator of Europe’s largest cloud services platform, has announced that it has been chosen by Orwell, a pan-European financial services group, to ...
A Digital Single Market for Europe: EU Commission sets out 16 initiatives to make it happen
May 6th, 2015
The Internet and digital technologies are transforming our world – in every walk of life and in every line of business. Europe must embrace the digital revolution and open up digital opportunities for people and businesses. How? By using ...
Russia’s Gazprom Suing Ukraine’s Naftogaz for $24 Billion in Gas Price Feud
May 6th, 2015
Russian energy giant Gazprom is suing Ukraine’s state gas company Naftogaz for nearly $24 billion amid a long-running gas pricing dispute between the two countries, according to a report published on the Naftogaz website. Ukraine is suing for a similarly massive sum: Prime Minister Arseniy ...
Greek government takes aim at creditors over stalled bailout talks
May 6th, 2015
Senior official lays blame on disagreements between EU and IMF as economic growth rate forecasts are slashed Greece’s government has blasted its creditors for holding back progress on bailout talks, laying the blame squarely on differences between the European Union and ...
Four HKEx Clearing Houses Receive Third-country CCP Recognition from ESMA
May 4th, 2015
The Board of Supervisors of the European Securities and Markets Authority (ESMA) on 27 April 2015 adopted a decision to recognise all of Hong Kong Exchanges and Clearing Limited’s (HKEx) clearing houses (CCPs) for securities, stock options, futures and ...
