European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

EU Watchdog To Decide On Data Availability
EU Watchdog To Decide On Data Availability
December 26, 2018  |  Regulation

The European Data Protection Board will soon decide if financial regulators around the world can freely engage in the exchange of cross-border information. The European...

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EU Fines GUESS $45.3M For Restricting X-Border Sales
EU Fines GUESS $45.3M For Restricting X-Border Sales
December 18, 2018  |  Retail

European Union antitrust regulators have fined U.S.-based retailer GUESS 40 million euros ($45.3 million) for illegally blocking cross-border sales in Europe. The investigation into GUESS was...

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EBA To Banks: Prepare For Brexit
EBA To Banks: Prepare For Brexit
December 17, 2018  |  Regulation

The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of Britain from the...

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What Delayed Brexit Vote Means For Financial Services
What Delayed Brexit Vote Means For Financial Services
December 11, 2018  |  Brexit

A critical vote on Brexit has been delayed in Britain’s parliament.  What happens next is anyone’s guess, and might even include the exit of Brexit...

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Ripple Forms ‘Blockchain For Europe’ Association
Ripple Forms ‘Blockchain For Europe’ Association
December 04, 2018  |  Blockchain

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the...

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EU’s Transfer Service Takes Aim At PayPal
EU’s Transfer Service Takes Aim At PayPal
November 30, 2018  |  International

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other...

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European Privacy Laws Almost Keep Santa Down
European Privacy Laws Almost Keep Santa Down
November 23, 2018  |  International

Not even Santa can escape the limits of the privacy laws in Europe. But don’t worry — there is a happy ending (we don’t want...

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As March Looms, Brexit Impact On Financial World Still Uncertain
As March Looms, Brexit Impact On Financial World Still Uncertain
November 22, 2018  |  Brexit

Brexit is still being hammered out. Much remains to be done, and amid political wrangling, the future of what financial services will look like after...

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Brexit Plan Could Alienate UK FIs
Brexit Plan Could Alienate UK FIs
November 15, 2018  |  Brexit

The United Kingdom and the European Union have come to an agreement that will give London’s financial center basic access to the EU’s markets after...

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