All European Commission articles – Page 4

  • Blog post

    European Commission concedes one-year MiFID II extension


    The European Commission has proposed a one-year extension to the implementation date of its revised Markets in Financial Instruments Directive, better known as MiFID II, a comprehensive slate of unified regulations across member states for securities markets and investment firms. The new date will be Jan. 3, 2018. The delay ...

  • Blog post

    Public Procurement Simplified Across the EU


    A new system adopted by the European Commission that went into force last week considerably reduces the administrative burden for companies that want to have a fair shake at winning a public contract. According to the European Commission, simplification of the tender procedure is just one of the major elements ...

  • Blog post

    Banks May Get More Time to Prepare for Financial Market Regulation


    The EU is considering delaying the release of a comprehensive regulation that will overhaul financial market rules. The delay comes amid mounting concerns that the legislation’s accompanying technologies may not be ready in time for the January 2017 start date. Due to the complexity of the rule, banks and other ...

  • Blog post

    With Safe Harbor Squashed, What's Next for European Data Transfers?


    As anticipated, on Tuesday the European Court of Justice ruled the Safe Harbor program for international data transfers between the United States and European Union is invalid. While U.S. officials fret that the ruling will “undercut the ability of other countries, businesses, and citizens to rely upon negotiated arrangements with ...

  • Blog post

    Czech Bankers Concerned About New EU Rules


    Czech bankers are worried about new European rules that may pose systemic risks to countries across Europe. The legislation, which is currently being reviewed by the European Commission will cause big depositors and bondholders, instead of national regulators, to incur more losses. Bankers are worried that this could lead ...

  • Blog post

    EU Regulator Charges MasterCard Amid Breach of Antitrust Rules


    Image: MasterCard is once again in the spotlight, as the European Commission has swooped in on the company’s potential abuse of interchange fees. After a two-year investigation, Competition Commissioner Margrethe Vestager said, “MasterCard is artificially raising the costs of card payments, which would harm consumers and retailers in the European ...

  • Blog post

    European Watchdogs Calls for Banks to Revisit Business Models


    European regulators are urging banks to revamp their business models to reduce risk and enhance a culture of compliance. A joint report issued by the European Union’s banking, insurance, and market regulators says, “Despite numerous actions already taken by regulators and supervisors, both from prudential and consumer protection perspectives, recent ...

  • Blog post

    Google Faces Antitrust Charges in Europe


    Image: The European Commission is expected to file a formal case against Google for abusing its dominance in the digital marketplace. Google now faces the possibility of being hit with $6 billion in fines, according to reports. Earlier this month, Competition Commissioner Margrethe Vestager made a pledge to “remove remaining ...

  • Blog post

    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 ...

  • Blog post

    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 ...