EU regulation News

EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers

The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail investment package toughens up existing …

Analysis – EU Power Battle Could Hamper Proposed Safeguards for Financial Products

European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The European Commission, the EU’s executive body, on …

American Chamber of Commerce Voices Concerns About EU Plan for Foreign Subsidies

Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups for Indian and Japanese businesses said …

Musk-Owned Twitter Will Have to Follow EU’s Rules: Commissioner

A top EU official doesn’t expect to have a problem with Elon Musk, who is pursuing a free-speech agenda in his takeover of Twitter Inc., so long as the billionaire follows the region’s content rules. European Commissioner Thierry Breton warned …

EU Seeks More Control Over Insurers and Financial Sector

The European Commission proposed on Wednesday transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial …

EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars

European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots including self-driving cars. But they rejected …

U.S.-EU Continue Talks on Insurance Regulation Covered Agreement

Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a joint statement indicating they have not reached a …