European Commission

341 results about this entity

Period: 16 Nov 2001 - 01 Aug 2024

BofE's Tucker calls for CCP reform

Paul Tucker, deputy governor of the Bank of England, says effective resolution regimes need to be put in place to help deal with the "mayhem" that would result if a central counterparty went bust.

EC plans criminal sanctions for market abuse

The European Commission has vowed to get tough on insider dealing and market manipulation, proposing EU-wide rules on minimum criminal sanctions.

MiFID reforms published; compliance bill to hit EUR732m in year one and EUR586m per annum thereafter

Financial markets in Europe are set to undergo a fundamental overhaul, as the European Commission rolls out new rules and regulations covering every aspect of the trade lifecycle, from pre-and post-trade transparency, through to execution and clearing and settlement.

EC launches antitrust investigation into EPC and e-payments market

The EC has opened an antitrust investigation into whether the European Payments Council (EPC) is blocking new, non-bank, players from entering the online payments market.

EC sets out terrorist financing tracking plan

The European Commission has set out proposals for tracking terrorist financing, providing a counterweight to the controversial system run by the US.

Banks protest as EU committee waves through Sepa rules

The European Parliament is set to approve Sepa migration end-date rules which also lay out technical requirements for new payments instruments and prohibit banks from charging interchange fees for direct debit transfers.

EPC looks to cut cash costs through ATM standardisation

The European Payments Council (EPC) wants the continent's 400,000 ATMs to all use the same size cash cassettes, claiming standardisation will bring massive cost savings.

EU courts open hearing into MasterCard fees

MasterCard's long-running legal challenge against the European Commission's 2007 decision on the company's cross-border consumer interchange fees has been aired at the EU General Law Cout in Luxembourg, with the card scheme declaring that "the future direction of European payments is stake".

The next step in the Sepa journey

Michael Thom, retail issues, consumer policy and payment systems, European Commission and Wiebe Ruttenberg, head of market infrastructure division, European Central Bank comment on the next steps for Sepa in this special mini-webcast.

EU banks ready to break Visa/MasterCard duopoly

A group of 24 European banks planning to establish a rival card network to Visa and MasterCard have called on the European Commission to provide clarification over the level of multilateral interchange fees for the Single Euro Payments Area.

Derivatives legislation moves nearer in Europe; could face delays in US

A European Parliament committee has given its backing to legislation that will see more derivative trades settled through clearing houses. Meanwhile, on the other side of the Atlantic, US lawmakers have moved to delay the implementation of their own new derivatives rules.

S&P agrees to cut Isin fees following EU probe

Standard & Poor's (S&P) has agreed to cut the prices it charges for the distribution of International Securities Identification Numbers, following a two-year probe by the European Commission into allegations of abusive pricing and monopoly practices.