European Commission

343 results about this entity

Period: 16 Nov 2001 - 19 Dec 2024

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EC considers regulatory push for TIPS instant payments

/payments

EC considers regulatory push for TIPS instant payments

The European Commission is pondering a "regulatory push" to encourage adoption of the new TIPS instant payments service and make it a genuine rival to the card schemes and tech giant-built digital wallets.

EU Parliament passes new rules on cross-border payment charges

EU Parliament passes new rules on cross-border payment charges

European parliamentarians have voted in favour of new rules which will force banks to slash fees on cross-border euro payments between EU countries that are in the euro zone and those that are not.

/regulation

Commission suspects bonds cartel of using chat rooms to distort competition

The European Commission has informed eight banks of its preliminary view that they have breached EU antitrust rules by colluding, in periods from 2007 to 2012, to distort competition when acquiring and trading European government bonds.

European Commission hits Mastercard with EUR570 million fine over interchange rules

European Commission hits Mastercard with EUR570 million fine over interchange rules

The European Commission has bashed Mastercard with a EUR570 million fine for obstructing merchant access to low-cost cross-border payment services.

EBA urges EU rules on crypto-assets

EBA urges EU rules on crypto-assets

The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.

/payments

Euro celebrates its 20th birthday

The euro, Europe's common currency, turns 20 on 1 January 2019.

EU approves ruling to chop charges for cross-border Euro transactions

/payments

EU approves ruling to chop charges for cross-border Euro transactions

The European Parliament has approved plans to make banks slash fees on cross-border euro payments between EU countries that are in the euro zone and those that are not.

/security

EU to introduce cybersecurity certification for all consumer devices

Several measures to improve cybersecurity in the EU were provisionally agreed by MEPs and member states on Monday.

EU taps banks for new blockchain initiative

EU taps banks for new blockchain initiative

Several banks, including BBVA, have been invited to join a new European Union platform to promote the use of blockchain technology.

/payments

EU sees rise in remittance flows

In 2017, flows of money sent by residents of the European Union (EU) to non-EU countries, referred to as personal transfers, amounted to €32.7 billion, compared with €31.8 bn in 2016. Inflows to the EU totalled €10.7 bn in 2017, compared with €10.1 bn in 2016.

/regulation

EU parliament agress to lift crowdfunding limits

Economic and Monetary Affairs Committee voted on Monday on its position on common rules on the creation and functioning of European crowdfunding service providers for business.

Europe rolls out cross-border eID framework

As of 29 September, the EU-wide legislation on the electronic identification (eIDAS Regulation) will enter into force enabling cross-border recognition of the electronic ID and allowing citizens and business to share their identity data when necessary. People will be able to use their electronic ID (eID) such as ID cards, driver licenses, bank cards and fill tax returns online, access medical records and online public services across the EU.

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