The European Commission is proposing a raft of measures - from closer monitoring of bitcoin and cash transactions to the creation of national payment account registers - as part of an action plan to strengthen the fight against terrorist financing.
The European Commission is examining whether virtual currencies need to be regulated in the wake of last November's terrorist attacks in Paris, but is currently more focused on monitoring the likes of bitcoin than on rushing out new rules.
Consumer financial services such as bank accounts, mortgages and insurance are an essential part of daily life. But many people find it hard to access these services across borders; and many businesses find it hard to provide them.
Negotiators of the European Parliament, the Council and the Commission have agreed on the first EU-wide legislation on cybersecurity.
Pressure is mounting on the European Commission to postpone the implementation of securities market reforms under MiFID II by a year, as banks and brokers struggle to adapt their IT systems to meet the 2017 timetable.
The European Parliament has formally adopted the revised Directive on Payment Services (PSD2), a set of sweeping new rules proposed by the European Commission to boost competition and innovation while improving consumer protections.
The European Commission is launching the Capital Markets Union Action Plan today to help build a true single market for capital across the 28 EU Member States.
Deutsche Bank has been selected among the banks which will provide payment services for the European Commission (EC) from 2015 for the maximum period of 5 years.
The European Commission has finally green-lighted new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties.
EU anti-trust regulators have issued a formal 'Statement of Objections' against MasterCard, accusing the card scheme of using its rules to artificially inflate fees and of over-charging retailers for purchases made by non-EU cardholders.
© Finextra Research 2016