European Commission

343 results about this entity

Period: 16 Nov 2001 - 19 Dec 2024

/payments

Consumers and businesses to save money thanks to new EU cross-border payments rules

As of today, consumers and businesses in non-eurozone Member States will enjoy cheaper cross-border payments in euro.

/crypto

EU fires Libra warning

In the latest shot across the bow of Facebook's Libra project, European authorities are warning that no global stablecoin systems will be allowed to operate in the EU until legal, regulatory and oversight issues have been addressed.

Payment service providers roped into EU battle against VAT fraud

EU banks and payment networks will be obliged to hand over data on e-commerce purchases to security services under a European Commission-led initiative to clamp down on VAT fraud.

/regulation

EBA calls on EC to boost cross-border banking and payments

Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA).

/regulation

Facebook's Libra faces anti-trust review by EU watchdogs

Competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook's digital currency project Libra.

/regulation

European Commission steps up action to combat money laundering

The European Commission is today adopting a Communication and four reports that will support European and national authorities in better addressing money laundering and terrorist financing risks.

EU pushes for cross-border instant payments

The European Commission is hosting a roundtable in Brussels as part of an ongoing intiative to push the development and availability of cross-border instant payments for European consumers and businesses.

Commission fines banks EUR1.07 billion for forex spot fixing

Traders from Barclays, RBS, Citigroup, JPMorgan and MUFG who used chat rooms to fix the spot forex market have cost their employers EUR1.07 billion in fines following an investigation by EU antitrust authorities,.

Mastercard and Visa to slash inter-regional fees for tourist cards in EU

Mastercard and Visa have agreed to cut interchange fees for payments made in Europe by cards issued elsewhere by an average of 40% following an EU anti-trust investigation.

European Commission sets up fintech innovation forum

The European Commission has launched a European Forum for Innovation Facilitators (EFIF), to improve cooperation and coordination of national regulatory bodies in support of the region's booming fintech economy.

/regulation

European Commission welcomes agreement on more robust supervision of central counterparties

The Commission welcomes the political agreement reached today by the European Parliament and EU Member States to ensure a more robust and effective supervision of central counterparties (CCPs) offering services to the EU.

/regulation

Commission welcomes agreement on new rules to improve SME access to capital markets

The Commission welcomes the political agreement reached today by the European Parliament and Member States on new rules that will further help small and medium-sized enterprises (SMEs) to finance their growth, innovate, and create jobs.