European Commission

341 results about this entity

Period: 16 Nov 2001 - 01 Aug 2024

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European Commission ready to mandate central clearing for CDS deals - Reuters

European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.

Visa Europe says close to EC deal on interchange fees

Visa Europe says close to EC deal on interchange fees

Visa Europe's CEO Peter Ayliffe says he expects to reach an agreement with the European Commission (EC) over interchange fees charged for cross-border card transactions by the end of the year.

EC initiates antitrust case against S&P

EC initiates antitrust case against S&P

The European Commission (EC) has opened formal proceedings against Standard & Poor's (S&P) to look into whether the US firm abused its dominant market position by forcing financial firms to pay for the use of US securities numbering codes when accessing data from third party vendors.

UBS to switch clearing to SIS X-Clear

UBS to switch clearing to SIS X-Clear

UBS is set to become the first London Stock Exchange client to switch its clearing from incumbent provider LCH.Clearnet to Switzerland's X-Clear, under a new competitive clearing regime introduced by the LSE in September.

EC clamps down on cross-border direct debit charges

EC clamps down on cross-border direct debit charges

The European Commission (EC) says it is proposing an extension of existing regulations to ensure that cross-border direct debit payments made in euros cost the same as domestic transactions.

EC sets out e-money legal framework

EC sets out e-money legal framework

The European Commission (EC) has set out proposals for a legal framework governing the issuance of electronic money which it hopes will accelerate take-up of the technology.

European clearing code failing to deliver

European clearing code failing to deliver

More than 80 formal applications have been made by clearing and settlement houses for interoperability and mutual access in accordance with the European Commission's voluntary code of conduct, but none has gone live.

EC moves to kick start Sepa direct debit scheme

EC moves to kick start Sepa direct debit scheme

EU authorities have called on banks to push ahead with plans to introduce a pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.

European Payment Council clears up Sepa for Cards confusion

European Payment Council clears up Sepa for Cards confusion

The European Commission and the European Central Bank have welcomed a document published by the banking industry-backed European Payment Council that paves the way for a competitive single market for card payment card schemes by 2010.

New post-trade rules proposed to remove barriers to cross-border trading

New post-trade rules proposed to remove barriers to cross-border trading

An advisory group has put forward recommendations for breaking down legal barriers to the cross-border holding and settlement of securities in the European Union, including proposals to enable issuers to choose which central securities depository they want to use.

Nordic Capital extends offer for TietoEnator

Nordic Capital extends offer for TietoEnator

Private equity firm Nordic Capital has extended the offer period for its EUR15 per share bid for IT services firm TietoEnator after the European Commission (EC) gave the deal the greenlight.

Card fraud threatens development of European payments network - EC

Card fraud threatens development of European payments network - EC

Credit and debit card fraud continues to undermine consumer confidence and threatens to hinder the development of a cross-border payments network in Europe, according to a European Commission (EC) report.

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