All Europe articles – Page 78
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Blog
Europe Moves Closer to Meeting Transparency Goals
Trying to reduce corruption risks around the globe, the Legal Affairs Committee of the European Parliament has voted for more disclosure of financial information from companies based in specific countries. This new requirement would also work in tandem with the European Commission’s tax transparency package, which calls for the exchange ...
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Blog
European Watchdogs Calls for Banks to Revisit Business Models
European regulators are urging banks to revamp their business models to reduce risk and enhance a culture of compliance. A joint report issued by the European Union’s banking, insurance, and market regulators says, “Despite numerous actions already taken by regulators and supervisors, both from prudential and consumer protection perspectives, recent ...
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Blog
EU’s Apple, Amazon, Fiat and Starbucks Tax Inquiry Postponed
Image: The European Commission has placed Amazon, Starbucks, Fiat Finance and Trade, and Apple’s tax probe on hold amid concerns about obtaining information relating to these cases, said European Competition Commissioner Margrethe Vestager in a testimony before the European Parliament. While Vestager did not give a new deadline for the ...
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Blog
Europe's Digital Regulator
Amid Google’s recent antitrust debacle and the intense competition among some U.S. tech giants in Europe, the call for an EU strategy to monitor the digital economy has never been louder. If implemented, according to reports, a pan-European digital regulator will supervise “systemic digital actors” and will have the ...
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Blog
EU to Postpone Capital Rules on EU Banks
The European Union is again planning to postpone new capital rules on EU banks to hold more capital when trading derivatives with unapproved foreign exchanges. In response to the financial crisis, the United States formulated its own trading guidelines without giving European regulators sufficient opportunity to weigh in, experts say. ...
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Blog
New Disclosures for U.K. Companies on Owner Registry
The British Parliament recently signed off on new legislation that calls for more information about the true owners behind U.K. companies. According to Transparency International, the U.K.’s property market is a conduit for “corrupt capital stolen from around the world.” Current regulations allow U.K. properties to be owned by secret ...
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Blog
EU Antitrust Regulators Focus on e-Commerce
Image: The European Union is looking into the possible breach of antitrust laws in e-commerce practices. The inquiry may lead to enforcement actions against companies that restrict online sales and “abuse” their dominant position in the market. Margrethe Vestager, the EU’s antitrust chief, said that although the investigation will produce ...
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Blog
U.K. Watchdog to Hold Senior Managers Accountable
British banking regulators have released new guidelines to improve individual accountability in the banking sector. In the event of misconduct, senior managers who are capable of “causing significant harm” to a bank, or can threaten the integrity of financial markets, will now be held accountable in an investigation. Details inside.
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Blog
Europe’s Banks at Risk for Security Breaches
Significant loopholes exist in many of Europe’s top banks, and concerns about cyber-breaches have skyrocketed, according to a new European Commission report. Despite the sheer complexity of IT systems, hackers have still made their mark on the financial services industry over the years. While banking IT systems have become more ...
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