All EU articles – Page 4
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Blog
European Commission Pushing Ahead with New Shareholder Rights Law
Image: Title: HooijerNov. 19—The head of corporate governance for the European Commission, Jeroen Hooijer, said at a recent conference in the Netherlands that the Commission could put a proposal to revise the European Union’s shareholder rights rules before lawmakers by next summer. The proposal was unveiled last spring and calls ...
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Blog
EU Financial Services Commissioner Will Press on With Reforms
Image: Title: HillNov. 12—The new EU commissioner for financial services has pledged to continue implementing numerous reforms sparked by the 2008 financial collapse, but cautioned lawmakers to assess the effect new regulations have on growth and jobs. Jonathan Hill, commissioner for financial stability, financial services, and capital markets union, said ...
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Blog
EU Approves New Damages Directive for Antitrust Violations
Image: Title: VestagerNov. 12—A new law approved by European Union lawmakers this week is designed to make it easier for companies suffering damages due to antitrust violations to seek compensation anywhere within the bloc. The damages directive includes new rules regarding disclosure of evidence and allows a decision from a ...
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Blog
EU Securities, Markets Regulator Releases 2014 Enforcement Priorities
Image: Title: MaijoorNov. 5—The European Securities and Markets Authority has released common enforcement priorities for the year, which will be used by both ESMA and national regulators. These priorities include preparation and presentation of consolidated financial statements, financial reporting by entities with joint arrangements, and recognition and measurement of deferred ...
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Blog
EU Banking Union Begins Supervision; New Regulations on Horizon
Image: Title: NouyNov. 5—In a major milestone for the long-anticipated banking union, the European Central Bank has begun its role as the single supervisor for the Eurozone’s banking sector. The ECB’s Single Supervisory Mechanism (SSM) will directly oversee 120 of the area’s biggest banks and indirectly oversee more than 3,000 ...
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Blog
Proponents Say IFRS Will Benefit EU Moving Forward
Image: Title: HoogervorstOct. 29—The heads of two groups charged with overseeing the International Financial Reporting Standards have told the European Commission that using the single set of financial reporting standards has benefited the European Union and will continue to do so. IFRS Foundation Board of Trustees Chairman Michel Prada and ...
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Blog
U.K. Fraud Office’s GC Offers Advice to Corporates for DPAs
Image: Title: GreenOct. 29—The general counsel for the U.K.’s Serious Fraud Office has provided some advice for companies interested in taking advantage of newly approved deferred-prosecution agreements if faced with an investigation from the SFO. Alun Milford, the SFO’s general counsel, said in a speech that the key factors for ...
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Blog
Litigation Risks Still High on Corporate Radar, Survey Shows
Oct. 22—A new survey of European and U.S. corporate counsel and compliance officers showed that risks of litigation remain a major concern, with 88 percent reporting that the amount of legal disputes faced by their company in the past year has either stayed the same or increased. The annual survey, ...
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Blog
U.K. Businesses in Spotlight in Massive Money Laundering Scheme
Image: Title: ClarkeOct. 22—An investigative report published last week by The Independent revealed that 19 businesses registered in the United Kingdom are under suspicion for involvement in a complex money laundering scheme that cleaned £12.5 billion in illicit money over four years. The report cited corporate secrecy laws that make ...