Safer banks serving the economy: the European Commission welcomes the publication of the results of the EU-wide stress test by the European Banking Authority and the comprehensive assessment by the European Central Bank. Since the onset of the financial crisis, major improvements in the EU regulatory framework, the level and quality of banks’ capital and supervision have considerably strengthened the resilience of European banks. Today’s results of the EU-wide stress test and the comprehensive assessment, which represent the most intense...

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Wyden, Hatch, Rockefeller, Thune: Trans-Pacific Partnership Must Protect Cross-Border Data Flows to Grow Digital Economy WASHINGTON October 24, 2014 – To ensure the 21st-century digital economy is not stifled by harmful trade barriers, Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Orrin Hatch, R-Utah, with Sens. Jay Rockefeller, D-W.V., and John Thune, R-S.D., chairman and ranking member of the Senate Commerce Committee, called on U.S. trade negotiators to ensure cross-border data flows are adequately addressed in the Trans-Pacific...

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European Union leaders gathering in Brussels yesterday and today agreed on an ambitious framework and targets for the EU's climate and energy policy. They endorsed: a binding EU target of at least 40 percent less greenhouse gas emissions by 2030, compared to 1990; a binding target of at least 27 percent of renewable energy used at EU level; an energy efficiency increase of at least 27 percent; the completion of the internal energy market by reaching an electricity interconnection...

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Credit card fraud and identity theft hit millions of Americans each year. But under the President's new BuySecure initiative, the government and the private sector are taking steps to protect American consumers. One of these steps is expanding the use of Chip and PIN technology. Find out what Chip and PIN is all about -- and see who's joining in this effort to make our transactions safer. Kicking off the BuySecure initiative last week, the President signed a new Executive Order that...

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Jean-Claude Juncker | President-elect of the European Commission | Statement in the European Parliament plenary session ahead of the vote on the College | Strasbourg, 22 October 2014 Time for Action "From Ukraine to Syria, to the Middle East and North Africa, our neighbourhood remains shaky and unstable. Scores of immigrants arriving at Europe's external frontiers in search of a better future remind us of the need to reconcile the quest of solidarity with the demand for safe borders. And cross-border...

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Today, the European Parliament gave its strong support to the new European Commission with 423 votes in favour, 209 against and 67 abstentions. The Juncker Commission can thus start its term of office on 1 November 2014. President-elect Jean-Claude Juncker said: "After a long democratic journey, today my team crossed the finishing line. I feel honoured that my Commission has received the democratic backing of the European Parliament. Now it is time to roll up our sleeves and get down to...

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