European Commission

336 results about this entity

Period: 16 Nov 2001 - 22 Apr 2024

/crypto

EU proposes first set of rules for crypto assets

The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector.

/payments

Visa faces EU scrutiny over digital wallet licencing rules

The European Commission has opened a preliminary investigation into Visa's rules regarding staged digital wallets.

/wholesale

FactSet to provide European Commission with global supply chain data

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has been selected by the European Commission (EC) to deliver comprehensive and up-to-date data on global supply chains.

/crypto

PayPal confirms crypto interest

In a letter to the European Commission, PayPal has confirmed its long-suspected interest in cryptocurrency and distributed ledger technology.

/regulation

European Commission censures Austria, Belgium and the Netherlands for AML failings

The European Commission has today referred Austria, Belgium and the Netherlands to the Court of Justice of the European Union, with a request for financial sanctions, for failing to fully implement the 4th Anti-Money Laundering Directive (AMLD4) into their national law.

/regulation

European Commission: Caps on interchange fees have proved their worth

The European Commission says regulations to cap the interchange fees charged to merchants by the global card schemes have had the desired effect of reducing costs to merchants and driving cross-border acquiring.

/markets

EC opens antitrust probe into LSE-Refinitiv deal

The European Commission has opened an in-depth antitrust investigation into the London Stock Exchange's planned $27 billion takeover of financial data vendor Refinitiv.

/sustainable

EU adopts green taxonomy

The European Commission has today welcomed the adoption by the European Parliament of the Taxonomy Regulation – a key piece of legislation that will contribute to the European Green Deal by boosting private sector investment in green and sustainable projects.

/regulation

EU opens antitrust investigation into Apple Pay

The European Commission has opened an antitrust investigation into Apple's terms and conditions and its steadfast refusal to open up its NFC functionality on iOS devices to proprietary bank payment apps.

/crime

EU action against money laundering in the banking sector to go under auditor scrutiny

Money laundering is the practice of disguising the illegal origin of criminal proceeds.

/crime

European Commission steps up fight against money laundering and terrorist financing

The European Commission has today put forward a comprehensive approach to further strengthen the EU's fight against money laundering and terrorist financing.

/devops

Pan-EU hackathon calls on fintechs to tackle Covid-19

The European Commission is to host a virtual pan-European hackathon this weekend in a bid to develop solutions to coronavirus-related challenges.

/regulation

EC sets sights on Mastercard's Nets deal

Mastercard's EUR2.85 billion acquisition of Nets' account-to-account payment business is being assessed by the European Commission on competition grounds after six countries raised concerns about the deal.

European Commission hails success of interchange fee caps

The European Commission has published a study on the application of the Interchange Fees Regulation (“IFR”) for card-based payment transactions.

/ai

EU sets out plans for Big Data and AI

The European Commission is to invest EUR2 billion in the creation of an EU cloud alliance as part of an overarching strategy to leverage the region’s strong industrial data sets and boost development of AI technologies.

EU Commission gets provisional nod for new crowdfunding standards

The European Parliament has given provisional approval to plans to introduce new standards for crowdfunding platforms across the continent.

/sustainable

Commission welcomes deal on an EU-wide classification system for sustainable investments

The European Commission has welcomed today's political agreement between the European Parliament and the Council on the creation of the world's first-ever “green list” – a classification system for sustainable economic activities, or taxonomy.

/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.