Commission recommends principles to ensure effective protection of consumers in the online gambling services sector
The European Commission adopted the Recommendation on principles for the protection of consumers and players of online gambling services and the prevention of minors from gambling.
The Commission launched a public consultation on the potential economic consequences of country-by-country reporting under Directive 2013/36/EU (Capital Requirements Directive or CRD)
The purpose of this consultation is to collect information and obtain input from all interested stakeholders on the potential economic consequences of public disclosure by banks and investment firms on a country-by-country basis of their profit and loss before tax, tax on profit or loss and public subsidies received.
Directive on interconnection of business registers: first set of obligations transposed by Member States
As of today, business registers will also have to make available information on the rules in their national law, according to which third parties can rely on certain company documents.
Vice-President Barnier welcomes Court of Auditors’ special report: “European banking supervision taking shape – EBA and its changing context”
“I believe the European Banking Authority’s role in the overall supervisory architecture is crucial. (...) While the establishment of the Banking Union (...) will affect the functioning of the EBA, it does not call into question its existence.” Statement by Vice-President Barnier.
The European Commission adopted today two communications – an Action Plan to address infringements of intellectual property rights in the EU and a Strategy for the protection and enforcement of intellectual property rights (IPR) in third countries.
“The fight against all levels of excessive debt – by governments, households, businesses or the financial sector – was a major focus of this Commission’s mandate”. Speech by Commissioner Barnier at the IMF’s 14th Forum on managing public debt.
“Global derivatives markets need worldwide standards and national rules that work together seamlessly. (...) I intend to propose shortly that the European Commission adopt ‘equivalence’ decisions that will allow central counterparty clearing houses (CCPs) from five countries outside the EU – Japan, Singapore, Australia, Hong Kong and India – to clear EU derivatives trades”. Statement by Commissioner Barnier.
New rules to strengthen regulation and transparency of remuneration in banks and investment firms in the EU
Today, new EU rules to strengthen regulation and transparency of remuneration in banks and investment firms in the European Union have entered into force. The new rules relate to the identification of categories of staff whose professional activities have a material impact on an institution's risk profile (so-called ‘material risk takers’).
The European Commission has today presented a roadmap for measures to strengthen the Single Market for defence, to promote a more competitive defence industry and to foster synergies between civil and military research.
A new standard to allow social enterprises of all sizes to better measure and demonstrate their social impact and so help them in their discussions with partners, investors, and public sector funders has been published by the European Commission.
Public consultation on the contributions of credit institutions to resolution financing arrangements
The European Commission launched today a consultation on the contributions of credit institutions to resolution financing arrangements under the Bank Recovery and Resolution Directive and the Single Resolution Mechanism. Input is requested on key elements related to the calculation of contributions of individual credit institutions to the resolution funds.