European Commission

336 results about this entity

Period: 16 Nov 2001 - 22 Apr 2024

/regulation

Industry association pushes back on EC instant payments timeline

Industry association Payments Europe has raised concerns about the EC's plan for the mandatory provision of instant credit transfers in euros, arguing that the tight timeframe could "endanger the safety and security" of transactions.

/crypto

EU tenders for blockchain data and DeFi project

The European Commission has put out a tender for a study on "embedded supervision of decentralised finance".

/inclusion

Financial institutions commit to lower remittance fees to Ukraine

A number of financial institutions have signed a joint statement with the European Commission pledging to lower total fees of remittances to Ukraine at least during the war. Signatories include Mastercard, Visa, Wise, and TransferGo among others.

/regulation

Landmark Digital Services Package passed by European Parliament

The European Parliament has approved the Digital Services Package, comprising the Digital Services Act (DSA) and Digital Marketing Act (DMA), originally put forward by the European Commission in December 2020.

/payments

Is PSD2 still fit for purpose? The European Commission wants your views

The European Commission is seeking market feedback on open finance rules and amendments to the PSD2 Directive to address the arrival of Big Tech, fintechs and cryptoassets.

/regulation

EU Digital Markets Act delayed until 2023

The Digital Markets Act (DMA) has been postponed to come into force in early 2023, rather than later this year as previously anticipated.

/regulation

EC slaps Apple with antitrust charge over NFC payments

The European Commission has charged Apple with restricting access to the NFC chip technology that enables iPhone users to make payments.

/payments

EBAday 2022: Anticipating the European Commission’s PSD2 review

Open Banking is set to receive its first ‘school report’ from the European Commission this year, setting out how the second Payment Services Directive (PSD2) is performing, along with consideration of progress being made toward Open Finance.

/crypto

EBAday 2022: EU wrestles with digital euro privacy concerns in targeted consultation

Publishing its ‘Targeted consultation on a digital euro’ on the 5th of April, the European Commission outlined that it would need to establish laws across privacy and AML should the Union decide to issue a digital euro.

/regulation

EU Digital Finance Platform launches

The European Commission has launched the EU Digital Finance Platform, a website designed to build dialogue between fintech players and supervisors.

/crypto

EU consults on CBDC legislative issues

The European Commission is laying the groundwork for the introduction of a digital euro, issuing a 'call for ideas' that would help to inform rule makers about legislative challenges.

/regulation

EBAday 2022: Why European FIs need to prepare for DORA

The EU’s Digital Operational Resilience Act (DORA) is on track to be agreed before the summer and firms need to prepare accordingly.

/regulation

EU Digital Markets Act will force Apple to open up access to NFC chip

The Council and the Parliament today reached a provisional political agreement on the Digital Markets Act (DMA), which aims to make the digital sector fairer and more competitive.

/regulation

EU proposes simpler rules for financial market settlement

The European Commission has today proposed changes to the Central Securities Depositories Regulation to enhance the efficiency of the EU's settlement markets, while safeguarding financial stability.

/payments

EU Commission to legislate for full EU-wide coverage of instant payments

The European Commission is set to introduce legislation covering a digital euro and full EU-wide coverage of instant payments through Sepa Instant early next year.

/regulation

European Commision presents new digital strategy to modernise financial supervisory reporting

The European Commission has today presented a new strategy to improve and modernise financial supervisory reporting in the EU.

/regulation

EU fines banking giants €344 million over FX price fixing cartel

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks.

/payments

IOTA tapped by EU to enable region’s blockchain infrastructure

The IOTA non-profit and its distributed ledger technology has been named as one of seven providers selected by the Commission to develop the European Blockchain Services Infrastructure (ESBI).

/retail

Worldline backs EC's TruBlo project

Worldline [Euronext: WLN], the European leader in the payments and transactional services industry, is leading the TruBlo (Trusted Blockchain) project under the European Commission's "Next Generation Internet" initiative, which aims to provide researchers and companies with funding to develop innovative solutions based on Blockchain technology to address the issue of trust in social media content.

/crypto

New EU AML rules will ensure full traceability of crypto transfers

The European Commission is to extend anti-money laundering rules to the entire crypto sector as part of a wider overhaul of financial crime safeguards.