Eu Financial News

The IA represents 250 investment management firms, which manage €3.2trn on behalf of European clients | Credit: iStock

Fintech innovations and emerging technologies have swept the world, causing global lawmakers to rush to understand and regulate them. 

While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top executives of the German Federal Financial Supervisory Authority (BaFin). 

Poland has begun enforcing an entry ban on all Russian-registered passenger cars seeking to enter the country

Foreign companies operating in China say tensions with Washington over technology, trade and other issues and uncertainty over Chinese policies are damaging the business environment and causing some to reassess their plans for investing in the giant ma...

Farmers across Bulgaria protested Monday after the government lifted a ban on food products from Ukraine, complaining that the move will cause an influx that drives down prices for local growers

Germany racked up one economic success after another for most of this century

Compared with July, annual inflation fell in 15 EU member states in August, remained stable in one and rose in 11.

By Huw Jones

The 14 recommendations span four main areas: governance, strategy, risk and impact management, and metrics and targets.

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On Sept. 18, Malta's Financial Services Authority (MFSA) initiated a public consultation to harmonize its crypto regulations with Europe's Markets in Crypto-Assets (MICA) regulations, slated to become effective in December 2024.

The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist of unintelligible screenshots and documents without dates or signatures,” the SEC said. The regulator added that BAM has refused to produce essential witnesses for deposition, instead agreeing only to four depositions of witnesses it has unilaterally deemed appropriate. 

antitrust enforcers readying a formal complaint against the firm's conduct. The European Commission is preparing a statement of objections to send to the company, which could come in the next few months, according to people familiar with the matter, who spoke on condition of anonymity. Microsoft's recent proposal to split its Teams from a broader business software package and sell it to customers separately with an annual discount wasn't enough to satisfy regulators' concerns, the people said. At the end of August, Microsoft attempted to allay concerns raised by the EU's antitrust arm as part of a new investigation into how it ties Teams to its Office 365 and Microsoft 365 packages. The EU's investigation followed a complaint from Salesforce Inc.'s messaging platform Slack some three years ago. Microsoft and the commission both declined to comment on the EU's next steps. Microsoft faces at least two other complaints filed to EU regulators.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

China's Vice Premier Zhang Guoqing and the European Commission Vice President Vera Jourova held in-depth talks on Monday on topics including artificial intelligence and cross-border data flow in Beijing, China's state media reported. Both sides agreed to promote an open, fair and non-discriminatory environment for the development of the digital economy, the official Xinhua news agency said.

'Almost 44% of UK wealth managers and private banks expect demand for index funds and ETFs to increase over the next 12 to 24 months.'

Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in Crypto-Assets (MICA) regulations set to take effect in December 2024. The public consultation period is open until Sept. 29.

The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany. 

World Trade Organization in Geneva early this week was unambiguous: A global economy split into rival trading factions would reduce real incomes 5% — maybe double that amount in poor countries. The next day, the European Union launched what some of the 27-nation bloc’s most well-known industries — ranging from Airbus SE to cosmetic producers and wine makers — worry could land them on the punishing end of a trade war with China. Since the European Commission’s announcement Wednesday of a new anti-subsidy inquiry into Chinese electric vehicles, which might lead to duties on Made-in-China EV imports, European businesses are scrambling to assess their exposure to a potential tariff barrage between two of the world’s largest economies. That’s because President Xi Jinping’s government has shown a determination to respond to punitive trade measures — like former US President Donald Trump’s tariffs — with its own reciprocal restrictions. The most powerful tool Beijing can wield is restricting access to its huge domestic market. French Finance Minister Bruno Le Maire, speaking to Bloomberg Television on Friday, signaled that perhaps a new era has arrived, one where “the EU starts thinking about its own interest.”‘Powerful Signal’ With the Chinese subsidy investigation, Brussels “wanted to send a powerful signal,” former EU Trade Commissioner Cecilia Malmstrom told Bloomberg News in an interview.

lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said. The document, obtained by Reuters, will be the basis of discussions on Europe's economic security during a meeting of EU leaders in Granada, Spain, on October 5.