All European Commission articles – Page 4
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Blog
Social media companies lag on compliance with EU consumer rules
Social media companies—Facebook, Twitter, and Google+—need to do more to respond to requests made last March by the European Commission and member states' consumer authorities to comply with EU consumer protection rules.
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Blog
EU legislators reach agreement on revised Anti-Money Laundering Directive
The European Parliament and the Council of the European Union have reached an agreement on amendments to a fifth revision of the Anti-Money Laundering Directive, proposed by the European Commission last year. The revised Directive covers virtual currencies and anonymous pre-paid instruments and introduces enhanced safeguards for financial flows from ...
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Blog
Groups propose new structure for global auditing standards
A group of international regulators and financial institutions is proposing a new mechanism to set standards for auditing in global capital markets.
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Blog
European Commission hopes Paradise leaks ‘create political momentum’
The European Commission yesterday reiterated its commitment to fight against tax evasion, following the Paradise Papers leak.
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Blog
German automakers raided in antitrust probe
The European Commission this week confirmed that European antitrust authorities have carried out inspections at the premises of several car manufacturers in Germany.
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Blog
e-Commerce and tax e-Vasion
The European Union and the tech industry are locked in a perpetual struggle over taxation, but the EU is making moves to close certain tax avoidance avenues for good.
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Blog
First annual report on EU-U.S. Privacy Shield is out
The European Commission this month published its first annual report on the functioning of the EU-U.S. Privacy Shield.
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Blog
President Juncker: Toward a more united Europe
The European Commission this week presented its plans for a stronger, more united Europe.
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Article
European Commission hits Scania with €880m cartel fine
One of Europe’s largest truck manufacturers prepares to fight a massive fine over allegations surrounding a long-running price-fixing cartel.
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Blog
Bank of England: Risks posed by Brexit and LIBOR
In a report published this week, the Bank of England warned that Brexit poses “significant risks” to U.K. financial services companies, while also declaring publicly for the first time that LIBOR poses a financial stability risk.
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Blog
European Commission proposes framework for screening of foreign direct investments
In his annual State of the Union address this month, European Commission President Jean-Claude Juncker proposed a new EU framework for screening of foreign direct investments.
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Article
Is the European Union out to get Google?
While it might seem as if the European Union has it in for Google, a search of its open cases will reveal that it has its sights set on more than just the search engine firm.
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Blog
European Commission fines Google €2.42 billion for antitrust violations
The European Union’s antitrust watchdog this week fined Google a record €2.42 billion for breaching EU antitrust rules.
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Article
EC takes action against 7 member states for failing to penalise VW
Germany, Luxembourg, Spain, the United Kingdom, Greece, Lithuania, and the Czech Republic are all the latest fallout victims from VW’s Dieselgate, writes Neil Hodge.
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Article
New SEC rules for securities clearing agencies may benefit EU banks
The SEC’s new rules for enhanced operational and governance standards for systematically important securities clearing agencies might just save EU banks billions of dollars in capital surcharges. Joe Mont reports.
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Blog
European Commission slams Apple with €13 billion tax bill
The EC has concluded that Ireland gave illegal tax benefits to Apple that were worth up to €13 billion (roughly $14.6 billion U.S.) and wants the money repaid. The decision could have implications for other companies, including Amazon, Google, and McDonald’s, facing scrutiny for what they pay in European taxes. ...
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Blog
EU tackles tax abuse in the wake of Panama Papers
The Panama Papers document leak shed much light on a deep and pervasive effort to evade taxes. Since then, the European Union has passed a number of new rules to improve tax transparency and close tax loopholes. According to CW’s Paul Hodgson, the EU is only just getting started.
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Article
Preparing for the new EU cyber-security directive
The European Parliament has greenlit an EU-wide cyber-security initiative that will impose plenty of new compliance requirements on organizations across the board. But, queries Jaclyn Jaeger, will compliance officers feel these are helping protect their organizations, or just adding another layer of regulatory liability?
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ArticleMore regulatory questions than answers following Brexit vote
CW reporter Joe Mont explores the aftermath of the Brexit vote (the United Kingdom’s recent decision to depart from the European Union): what do U.S. companies need to know; what questions require a strategic response; and where do we all go from here?
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BlogEU data protection authorities concerned with EU-U.S. Privacy Shield
A draft transatlantic data transfer framework approved in February by the European Commission and the U.S. Department of Commerce received a less-than-enthusiastic response from EU data protection authorities in an opinion released today, effectively giving U.S. companies little assurance as to how they can legally transfer personal data from Europe ...