European Commission - News, Articles & Research

Dutch competition watchdog calls for tighter EU rules to rein in Big Tech role in payments

Dutch anti-trust authorities have recommended new rules to rein in the advance of Big Tech companies in the payments arena.

04 December 2020

News/crypto

EBAday 2020: Stablecoins could pose threat to level playing field in payments landscape

The level playing field of payment services could be undermined by the widespread use of stablecoin network, according to Maria Teresa Chimienti, market infrastructure expert at the the European Central Bank.

25 November 2020

News/payments

No rivalry between public and private digital currency solutions – European Commission

During the ‘Retail Payments Strategy’ webinar held Wednesday , the European Commission’s Eric Ducoulombier, head of retail financial services and payment unit, spoke to the subject of digital currencies and the future of a digital euro.

14 October 2020

News/regulation

EU should mandate single provider for consolidated tape - MSP study

A study undertaken on behalf of the European Commission recommends the creation of a single EU consolidated tape provider for financial market data.

07 October 2020

News/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.

25 September 2020

News/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.

07 September 2020

Company announcement/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.

02 September 2020

News/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.

16 July 2020

Company announcement/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.

03 July 2020

News/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.

01 July 2020

News/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.

22 June 2020

Company announcement/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.

19 June 2020

News/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.

16 June 2020

Company announcement/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.

11 June 2020

Company announcement/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.

07 May 2020

News/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.

24 April 2020

News/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.

08 April 2020

Company announcement

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.

12 March 2020

News/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.

20 February 2020

News

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.

19 December 2019