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.
Today, Ministers in the Justice Council have sealed a general approach on the Commission proposal on the Data Protection Regulation.
European lawmakers have reached an informal agreement on a revised Payment Services Directive (PSD2) designed to boost competition and innovation while improving consumer protections.
The European Parliament has voted overwhelmingly in favour of a bill to cap the interchange fees charged by card schemes for payments using credit and debit cards.
The European Commission welcomes today's judgment by the General Court (case T-175/12) which fully upholds the Commission's 2012 decision under the EU Merger Regulation to prohibit the proposed merger between Deutsche Börse and NYSE Euronext.
The Eurosystem comprises the European Central Bank (ECB) and the national central banks o fthe Member States that have adopted the euro as a common currency.
MasterCard has lost a seven-year battle with the European Commission over the validity of its interchange fees for cross-border card payments, following a decisive judgement at the EU's highest court.
New EU-wide technical standards have been agreed that will help users of Radio Frequency Identification (RFID) smart chips and systems comply with EU Data Protection rules and the Commission's 2009 recommendation on RFID (see IP/09/740). A "data protection impact assessment" process has also been agreed.
The European Commission is looking for Europe's best startups in this year's Tech All Stars competition.
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