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30 Jul 2020, 10:00 pm by Shannon O'Hare
Such entities are required to obtain a licence from the European Central Bank (via the FFSA) where their business activity is: to acquire deposits and other re-payable funds from the public; and to grant credit or other finance on its own account. [read post]
30 Jul 2020, 7:14 am by Kristian Soltes
The U.S. payments group announced a deal last August to acquire three divisions of European rival Nets, covering corporate clearing, instant payments and e-billing. [read post]
27 Jul 2020, 7:03 am by Hannah Meakin (UK)
The power of the Commission to designate a statutory successor for LIBOR would only apply to contracts concluded by supervised entities, such as banks and investment firms, as these contracts are governed by the BMR. [read post]
23 Jul 2020, 7:22 am by Kristian Soltes
The Supreme Court confirmed the position in the MasterCard ruling by the Court of Justice of the European Union that the MIFs were in breach of Article 101(1) of the Treaty on the Functioning of the European Union, thereby bringing clarity to a number of inconsistent decisions on this issue. [read post]
20 Jul 2020, 7:00 am by Unknown
But the growth of any particular product can create interest group opposition within the onshore jurisdiction. [read post]
16 Jul 2020, 1:19 pm by Tia Sewell
President Trump signed the Hong Kong Autonomy Act into law on Tuesday, which imposes sanctions on Chinese officials and banks found to be subverting Hong King’s autonomy. [read post]
11 Jul 2020, 7:41 pm
In different ways, these expressions refer to the ensemble of policies, practices, investments, and concrete results deployed and achieved by a business corporation in the pursuit of its stakeholders’ interests. [read post]
3 Jul 2020, 6:43 am by Florence Campbell Jones
These measures are covered in three lengthy Law Decrees which fall within the European State Aid Temporary Framework as enacted by the EU Commission. [read post]
2 Jul 2020, 1:33 pm by Richard Altieri, Benjamin Della Rocca
These measures would apply also to banks dealing with such companies or individuals. [read post]
2 Jul 2020, 8:40 am by Kristian Soltes
The European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority ⁠— collectively the European Supervisory Authorities ⁠— responded on Monday to the commission’s consultation on how it should regulate growing pressure on financial sectors to move online. [read post]
16 Jun 2020, 8:55 pm by Simon Lovegrove (UK)
On 15 June 2020, the European Banking Authority (EBA) published a letter it had sent to the European Commission regarding delaying certain technical standards for the risk reduction measures package set out in the CRD V, CRR II, BRRD II and EMIR. [read post]
On 4 June 2020, the European Banking Authority (EBA) outlined its roadmap for the implementation of the new regulatory framework for investment firms and launched a public consultation on its first set of regulatory deliverables on prudential, reporting, disclosures and remuneration requirements. [read post]
On 2 June 2020, the European Banking Authority (EBA) published a roadmap setting out its intentions concerning the mandates given to it under the Investment Firm Directive (IFD) and the Investment Firm Regulation (IFR). [read post]
29 May 2020, 6:10 am by Shannon O'Hare
However, Germany has been hit less hard than other major European economies, which imposed stricter lockdowns. [read post]
21 May 2020, 8:47 am by Kristian Soltes
It wants the European Commission to widen the existing rules to cover other card transactions. [read post]
14 May 2020, 8:35 am by Kristian Soltes
SCA is a European Union initiative that the U.K. signed up to before its departure on Dec. 31, 2019. [read post]
1 May 2020, 2:11 am by Shannon O'Hare
In addition to the tax and social measures taken to limit the economic and social disturbances deriving from the outbreak, the European Commission has authorised the French Government to guarantee, using state investment bank Bpifrance Financement S.A., up to EUR 300 bn of  loans granted to companies facing cash shortages as a result of this crisis. [read post]