European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

Source: ec.europa.eu

European Commission Proposal Consolidates Power Over Financial Industry
European Commission Proposal Consolidates Power Over Financial Industry
September 21, 2017  |  Regulation

In an effort to extend the European Union’s (EU) control over the financial industry following Brexit, the European Commission released a proposal on Wednesday (Sept. 20)...

READ MORE >
EU To Centralize Market Supervision At Banks’ Expense
EU To Centralize Market Supervision At Banks’ Expense
September 15, 2017  |  Bank Regulation

The European Union wants market supervision to integrate more fully than has been the case, with the price tag borne by the very banks being...

READ MORE >
Google Tracker: Calling For Backup From Smartphone Producer HTC
Google Tracker: Calling For Backup From Smartphone Producer HTC
September 12, 2017  |  Retail

How could Google benefit from acquiring smartphone maker HTC? What is the company doing to help out in the wake of Hurricane Harvey — and...

READ MORE >
Google To Appeal European Commission Anti-Competitive Ruling
Google To Appeal European Commission Anti-Competitive Ruling
September 12, 2017  |  Google

Google is appealing the fine dealt by the European Union for engaging in anti-competitive behavior due to its product search comparison tool, reported TechCrunch. According...

READ MORE >
Worldwide IT Security Spending To Hit $86.4B This Year
Worldwide IT Security Spending To Hit $86.4B This Year
August 17, 2017  |  Security & Fraud

Worldwide spending on information security products and services will reach $86.4 billion in 2017, marking a seven percent increase over 2016. That’s according to market...

READ MORE >
RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs
RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs
July 28, 2017  |  B2B Payments

RBS, one of the U.K.’s top banks, is required allocate to more than $1 billion to help small businesses switch to its competitors. Reports Thursday...

READ MORE >
UK Court Prevents Class-Action Lawsuit Against Mastercard
UK Court Prevents Class-Action Lawsuit Against Mastercard
July 21, 2017  |  Retail

A $18-billion class-action lawsuit lodged against Mastercard for overcharging consumers in the U.K. was prevented by a court in Britain. According to a report in...

READ MORE >
Confused EU Regulators Slam Google
Confused EU Regulators Slam Google
July 10, 2017  |  Google

Does anyone else find it even mildly ironic that Google was just fined $2.7 billion in the EU for dominating an area that it doesn’t...

READ MORE >
Google Hit With $2.7B Fine By The European Commission For Anti-Competitive Practices
Google Hit With $2.7B Fine By The European Commission For Anti-Competitive Practices
June 27, 2017  |  Regulation

The European Commission has spoken when it comes to Google — and as of today, it has spoken loudly. Google has been ordered to pay...

READ MORE >