Press releases - February 2012

Making the Single Market work better: boosting Europe's potential for growth

27/02/2012

European Commission - Press release Brussels, 27 February 2012 - The Single Market celebrates its 20th anniversary in 2012. In the past 20 years, the Single Market has helped create millions of jobs and make Europe increasingly competitive....

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Single Market Governance: FAQs

27/02/2012

MEMO/12/136 Brussels, 27 February 2012 Report: Delivering the Single Market Act (SMA): State of Play 1. What is the Single Market Act? The Single Market Act adopted in April 2011 aimed to deliver twelve projects on which to relaunch the Single Market ...

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Consumers: Switching bank accounts – 8 out of 10 mystery shoppers faced difficulties

24/02/2012

European Commission - Press release Brussels, 24 February 2012 - Switching your bank account may not be as easy as you hope. Results of a consumer market study 1 published today show that more than two thirds of mystery shoppers were not able to switch ...

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Commissioner Barnier appoints members of a High-level Expert Group on possible reforms to the structure of the EU banking sector

22/02/2012

MEMO/12/129 Brussels, 22 February 2012 "I thank the members for having joined this Group. They bring an impressive amount of expertise to the table. I know they will do an independent, intellectually solid and practical assessment of the potential merits ...

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Commissioner Barnier welcomes final agreement to simplify accounting for Europe's smallest companies

21/02/2012

MEMO/12/125 Brussels, 21 February 2012 "I am very pleased that today the Council has given its final agreement to measures that will significantly simplify the preparation of annual accounts for more than 5 million of Europe's smallest companies - so-called ...

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Consultation on the future of European company law: Frequently Asked Questions

20/02/2012

MEMO/12/119 Brussels, 20 February 2012 1. Why an initiative on Company law? European company law provides a common set of rules that offer equivalent protection to shareholders, creditors and other stakeholders across the European Union....

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European Company Law: what way forward?

20/02/2012

Brussels, 20 February 2012 - The European Commission has launched today an in-depth consultation on the future of European company law. Europe needs a company law framework that is adapted to the needs of the society ...

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Competitiveness Council – 20-21 February 2012

17/02/2012

MEMO/12/115 Brussels, 17 February 2012 The EU Competitiveness Council will meet in Brussels on Monday 20 and Tuesday 21 February, chaired by Ole Sohn, Danish Minister for Business and Growth and Morten Østergaard, Danish Minister for Science, Innovation ...

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Frequently asked questions: EU fight against money-laundering and terrorist financing moves up a gear: European Commission takes action to meet the revised international standards adopted...

16/02/2012

MEMO/12/112 Brussels, 16 February 2012 1. What is money laundering? What is the Financial Action Task Force? 1.1 What is money laundering? Money laundering is the conversion of the proceeds of criminal activity into apparently clean funds, usually via ...

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Commissioner Michel Barnier welcomes the adoption of revised international standards in support of the fight against Money Laundering and Terrorist Financing

16/02/2012

MEMO/12/113 Brussels, 16 February 2012 "I welcome the adoption of new standards by the Financial Action Task Force (FATF) aimed at strengthening global safeguards and protecting the integrity of the financial system against money laundering and terrorist ...

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Statement by Commissioner Michel Barnier, following the agreement in trilogue of new European rules to regulate financial derivatives

09/02/2012

MEMO/12/90 Brussels, 9 February 2012 "I congratulate the European Parliament and the Council on reaching today an important agreement on a regulation for more stability, transparency and efficiency in derivatives markets....

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New European rules on Over-the-Counter Derivatives and Market infrastructures – Frequently Asked Questions

09/02/2012

MEMO/12/91 Brussels, 9 February 2012 What are derivatives? A derivative is a financial contract linked to the future value or status of the underlying to which it refers (e.g. the development of interest rates or of a currency value, or the possible bankruptcy ...

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Promoting projects that benefit society at large: the European Foundation Statute

08/02/2012

European Commission - Press release Brussels, 8 February 2012 – Foundations pursue objectives benefiting the public at large. Their activities focus on areas that are important for European citizens and the European economy....

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Proposal for a Regulation on the Statute for a European Foundation (FE) – frequently asked questions

08/02/2012

MEMO/12/79 Brussels, 8 February 2012 1. Why action at EU is level needed? Foundations carry out activities in a number of areas which are important for European citizens and the EU's economy, such as education, research, social and health services, culture ...

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Intellectual property rights : Winners of "Hands off my Design" competition announced

01/02/2012

European Commission - Press release Brussels, 1st February 2012 - Counterfeiting and piracy are a growing threat for the economy. Between 2005 and 2010, the number of registered cases at the EU borders of goods suspected of infringing intellectual property ...

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