The European Banking Authority (EBA) has called on the EC to postpone plans to bring virtual currency exchanges and wallet providers under the scope of a new Anti-Money Laundering Directive.
The European Commission has issued a call for tender, offering up to EUR350,000 for a study on the continent's fintech sector.
Virtual currency exchanges and wallet providers will come under the scope of the European Union's Anti-Money Laundering Directive as part of a push to tackle terrorist financing.
Questions and answers on cyber-security developments
Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has been selected by the European Commission to provide fixed income pricing data and liquidity metrics for use in the Commission’s research and policymaking activities.
The EU Commission should set up a taskforce to monitor virtual currencies to prevent their being used to launder money or finance terrorism, said Parliament in a non-binding resolution voted on Thursday.
The European Commission today tabled a package of measures to allow consumers and companies to buy and sell products and services online more easily and confidently across the EU.
On 18 May 2016, the Permanent Representatives Committee (Coreper) approved, on behalf of the Council, an agreement with the European Parliament on a one-year delay to new securities market rules.
The International Swaps and Derivatives Association (Isda) and Markit are promising to implement reforms to the licensing of data and indices on credit default swaps to stave off an ongoing anti-trust investigation by the European Commission.
Following feedback from the European Commission, Visa Inc has tweaked the terms of its acquisition of Visa Europe, scrapping a planned earn-out in exchange for an extra EUR1.75 billion in cash.
© Finextra Research 2016