European Commission

341 results about this entity

Period: 16 Nov 2001 - 01 Aug 2024

Visa Inc amends Visa Europe deal to appease EC

Following feedback from the European Commission, Visa Inc has tweaked the terms of its acquisition of Visa Europe, scrapping a planned earn-out in exchange for an extra EUR1.75 billion in cash.

Commission forces Esma back to the drawing board over MiFID II reforms

The European Commission has asked capital markets watchdog Esma to reconsider some of the more contentious aspects of its planned reforms of MiFID II, raising the prospect of further delays in implementing the new rulebook.

EU adopts new rules on central clearing for credit derivatives

The European Commission has adopted a new set of rules that requires certain over-the-counter (OTC) credit derivative contracts to be cleared through central counterparties (CCPs).

EU and US agree common approach for transatlantic CCPs

Commissioner Jonathan Hill and the US Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad have today announced a common approach regarding requirements for central clearing counterparties (CCPs).

European Commission confirms MiFID II delay

The European Commission has confirmed a one-year delay to the introduction of new trading rules for capital markets firms under the MiFID II regime.

EU tightens money laundering controls

The European Commission is proposing a raft of measures - from closer monitoring of bitcoin and cash transactions to the creation of national payment account registers - as part of an action plan to strengthen the fight against terrorist financing.

EC focuses on monitoring, not regulating, virtual currencies

The European Commission is examining whether virtual currencies need to be regulated in the wake of last November's terrorist attacks in Paris, but is currently more focused on monitoring the likes of bitcoin than on rushing out new rules.

European Commission consults on cross-border financial services

Consumer financial services such as bank accounts, mortgages and insurance are an essential part of daily life. But many people find it hard to access these services across borders; and many businesses find it hard to provide them.

Europe agrees EU-wide legislation on cybersecurity

Negotiators of the European Parliament, the Council and the Commission have agreed on the first EU-wide legislation on cybersecurity.

Pressure builds to delay MiFID II reforms

Pressure is mounting on the European Commission to postpone the implementation of securities market reforms under MiFID II by a year, as banks and brokers struggle to adapt their IT systems to meet the 2017 timetable.

European Parliament rubberstamps Payment Services Directive

The European Parliament has formally adopted the revised Directive on Payment Services (PSD2), a set of sweeping new rules proposed by the European Commission to boost competition and innovation while improving consumer protections.

European Commission consults on plans to create a single market for capital

The European Commission is launching the Capital Markets Union Action Plan today to help build a true single market for capital across the 28 EU Member States.