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

EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments
EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments
January 08, 2025  |  Real-Time Payments

Instant payments in the European Union will reach a milestone Thursday (Jan. 9). That’s when banks and payment service providers must be able to receive...

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PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
January 06, 2025  |  Bank Regulation

The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year....

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European Commission Approves Nvidia’s Proposed Acquisition of Run:ai
European Commission Approves Nvidia’s Proposed Acquisition of Run:ai
December 20, 2024  |  Acquisitions

The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec. 19), saying that it did so unconditionally and that the transaction would raise no...

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Apple Faces New EU Call to Open iPhone to Competitors
Apple Faces New EU Call to Open iPhone to Competitors
December 19, 2024  |  Apple

Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how...

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New EU Competition Chief Aims to Continue Effort to Break Up Google
New EU Competition Chief Aims to Continue Effort to Break Up Google
December 05, 2024  |  ANTITRUST

The European Union’s new competition chief, Teresa Ribera, reportedly said that a breakup of Google is still a possibility. Ribera said that divestments can keep...

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EC Adopts Technical Standards for EU Digital Identity Wallets
EC Adopts Technical Standards for EU Digital Identity Wallets
November 29, 2024  |  Digital Identity

The European Commission (EC) has adopted technical standards for cross-border European Digital Identity (eID) Wallets in the European Union (EU), saying this will help member states...

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EC: Bluesky Breaches Rules by Not Disclosing Number of Users
EC: Bluesky Breaches Rules by Not Disclosing Number of Users
November 25, 2024  |  Regulation

A European Commission spokesman reportedly said Monday (Nov. 25) that social media platform Bluesky is breaching European Union (EU) rules by not disclosing how many...

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Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
November 21, 2024  |  Amazon

European regulators are reportedly set to investigate whether Amazon’s marketplace favors its branded products. The European Union (EU) investigation is “likely” to come next year,...

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Booking.com Gets ‘Gatekeeper’ Status Under Digital Markets Act
Booking.com Gets ‘Gatekeeper’ Status Under Digital Markets Act
November 14, 2024  |  Regulation

European regulators say Booking.com must comply with the Digital Markets Act (DMA). The European Commission (EC) announced Wednesday (Nov. 13) that Booking Holdings — the...

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