Navigation path

Login   |   Register
 

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Extracts from the joint press conference by Viviane Reding and Michel Barnier on the EC's proposal to amend proposals on market abuse

211 views

On 25 July 2012, Michel Barnier, Member of the EC in charge of Internal Market and Services, and Viviane Reding, Vice-President of the EC in charge of Justice, Fundamental Rights and Citizenship, presented EU-wide action to fight rate-fixing, at the European Commission, in Brussels. In the recent LIBOR scandal, serious concerns have been raised about false submissions of banks' estimated interbank lending rates. Any actual or attempted manipulation of such key benchmarks can have a serious impact on market integrity, and could result in significant losses to consumers and investors, or distort the real economy. On that date, the European Commission acted to address this kind of market manipulation, by adopting amendments to the proposals for a Regulation and a Directive on insider dealing and market manipulation, including criminal sanctions, initially tabled on 20 October 2011. These amendments will clearly prohibit the manipulation of benchmarks, including LIBOR and EURIBOR, and make such manipulation a criminal offence.
PHOTO SHOTLIST LINK LINK LINK INFO PRESS INFO PRESS INFO PRESS MEMO

Type: EbS   Reference: 87134   Date: 25/07/2012   Duration: 00:03:31
To download, please log in



Related media

Joint press conference by Viviane Reding, Vice-President of the EC, and Michel ...
Ref: P-021349/00-06
Date: 25/07/2012
Extracts from the joint press conference by Viviane Reding and Michel Barnier on ...
Ref: 87134
Date: 25/07/2012
Joint press conference by Viviane Reding and Michel Barnier on the EC's proposal ...
Ref: 87133
Date: 25/07/2012
Video Player   Need some help?


Investment plan


Wed 01/04
European Commission - Daily News Daily News 01 / 04 / 2015 Brussels, 01 April 2015 EU-Ukraine: Commission welcomes Council's approval of additional €1.8bn assistance The Council of the European Union has approved the Commission's proposal for new macro-financial assistance (MFA) to Ukraine.
Wed 01/04
European Commission - Statement 01 April 2015 Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the Commission, and Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement negotiations, issued the following statement yesterday: "Today's confirmation of the Council of Ministers of Bosnia and...
Wed 01/04
European Commission - Statement 01 April 2015 The impact on the civilian population, in particular on children, of the ongoing fighting between different militias, bombardments and disruption of essential services is reaching alarming proportions and exacerbating an already dire humanitarian situation.
Tue 31/03
European Commission - Press release 31 March 2015 The European Union significantly increased its funding in response to the Syria crisis at today's Third International Pledging Conference for Syria in Kuwait. Together, the European Commission and Member States pledged close to € 1.1 billion - double the overall EU pledge...
Tue 31/03
European Commission - Press release Brussels, 31 March 2015 In the past three years, an estimated six million Europeans have supported European Citizens' Initiatives (ECI) and used their voice to bring important causes directly to the attention of European policy makers.
Tue 31/03
European Commission - Daily News Daily News 31 / 03 / 2015 Brussels, 31 March 2015 EU continues its strong support for the victims of Syria's crisis The EU significantly increased its funding in response to the Syria crisis at today's Third International Pledging Conference for Syria in Kuwait.
Tue 31/03
European Commission - Speech - [Check Against Delivery] Brussels, 31 March 2015 Miguel Arias Cañete - Commissioner for Climate Action & Energy Ladies and gentlemen, João, thank you for the invitation to be here with you today.
Tue 31/03
European Commission - EUROSTAT 31 March 2015 Euro area1 annual inflation2 is expected to be -0.1% in March 2015, up from -0.3% in February3, according to a flash estimate4 from Eurostat, the statistical office of the European Union.
Tue 31/03
European Commission - EUROSTAT 31 March 2015 The euro area (EA19) seasonally-adjusted unemployment rate was 11.3% in February 2015, down from 11.4% in January 2015, and from 11.8% in February 2014. This is the lowest rate recorded in the euro area since May 2012.
Mon 30/03
European Commission - Press release Brussels, 30 March 2015 The European Commission has approved under the EU Merger Regulation the proposed acquisition of Biomet Inc by Zimmer Holdings Inc., both of the United States. Both companies produce orthopaedic implants and related surgical products.

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2015