European Commission

341 results about this entity

Period: 16 Nov 2001 - 01 Aug 2024

Derivatives market players warn Commission on dangers of over-regulation

Banks and brokers active in the derivatives markets have warned the European Commission to tread carefully in regulating the over-the-counter markets for fear of stifling innovation and increasing instability.

MiFID helps cut share trading costs - study

The introduction of the Markets in Financial Instruments Directive (MiFID) has helped to significantly reduce the cost of share trading by transaction in the last couple of years. However, in terms of value of trading, costs have actually increased in five major centres, according to a study commissioned by the EC.

German and French banks push ahead with new debit card scheme

German and French banks, including Deutsche Bank and Societe Generale, have stepped up efforts to create a new European debit card scheme to challenge MasterCard and Visa.

European Commission sets out tech-driven action plan for derivatives trading

The European Commission is calling for a technology-driven overhaul of the derivatives markets in a sweeping set of proposals aimed at strengthening the safety of the financial system.

Retail association hits Visa Europe with interchange antitrust complaint

Retail association EuroCommerce has lodged a complaint against Visa Europe, accusing the card network of infringing European competition law over interchange fees.

EC consults on Sepa migration deadline

The European Commission has launched a consultation on whether to set a deadline for the migration of credit transfers and direct debits to the Single euro payments area (Sepa) scheme.

EC hits Visa Europe with interchange antitrust charge

The European Commission (EC) has accused Visa of violating antitrust rules over cross border interchange fees just days after reaching agreement with MasterCard on the same issue.

MasterCard re-introduces interchange fees for cross-border payments

MasterCard is to set new interchange fees for cross-border payments in Europe after reaching an interim agreement with the European Commission.

E-money reforms pave the way for new competitors in European payments market

The European Commission has approved proposals for a fundamental reform of the rules governing electronic money institutions, paving the way for mobile operators and other 'hybrid' institutions to obtain e-money licenses.

Eurozone banks told to ditch direct debit interchange by 2012

Europe's banks have been told that they will have to ditch interchange fees on direct debit transactions by 2012 under EU antitrust rules.

CDS dealers bow to pressure and commit to EU clearing counterparty

Nine of the leading dealer firms in the credit default swaps markets have committed to the use of central counterparty clearing for CDS in the European Union by end-July 2009.

EC rule changes to give boost to e-invoicing

The European Commission has agreed to proposals for a new set of rules designed to eliminate the current barriers to e-invoicing in the VAT Directive by treating paper and electronic invoices equally.