In a Joint Statement issued today, representatives of the European Union, the United States and Japan announced their agreement to strengthen existing rules on industrial subsidies and condemned forced technology transfers practices. In a meeting held in Washington, D.C., the EU, the U.S. and Japan agreed that the current list of subsidies prohibited under the World Trade Organization's (WTO) rules is insufficient to tackle market and trade distorting subsidisation existing in certain jurisdictions. They concluded therefore that new types of unconditionally prohibited...

ESMA has today published the responses received to its consultation on MiFID II review report on position limits and position management. To read the responses, click here. Compliments of the European Commission

The European Commission unveiled a proposal that will allow the European Union to protect its trade interests despite the paralysis of the multilateral dispute settlement system in the World Trade Organization (WTO). To further increase the focus on compliance and enforcement of the EU's trade agreements, the Commission created the position of Chief Trade Enforcement Officer. President of the European Commission, Ursula von der Leyen, said: “A stronger Europe in the world implies efficient EU leadership on global trade and...

The European Commission published today the latest report on protection and enforcement of Intellectual Property Rights (IPR) in third countries. While developments have taken place since the publication of the previous report, concerns persist and a number of areas for improvement and action remain to be addressed. Intellectual property rights infringements worldwide cost European firms billions of euros in lost revenue and put thousands of jobs at risk. Today's report identifies three groups of countries on which the EU will focus...

The European Central Bank (ECB) announced the appointments of Petra Senkovic as Director General Secretariat and Secretary to ECB decision-making bodies, and Pedro Gustavo Teixeira as Director General Secretariat to the Supervisory Board and Secretary to the Supervisory Board. Ms Senkovic, 49, is currently Director General Secretariat and Secretary to the Supervisory Board, a post she has held since November 2015. Prior to that she was Deputy Director General of the ECB Legal Services and worked at a private law...

The European Central Bank (ECB) announced the appointments of Petra Senkovic as Director General Secretariat and Secretary to ECB decision-making bodies, and Pedro Gustavo Teixeira as Director General Secretariat to the Supervisory Board and Secretary to the Supervisory Board. Ms Senkovic, 49, is currently Director General Secretariat and Secretary to the Supervisory Board, a post she has held since November 2015. Prior to that she was Deputy Director General of the ECB Legal Services and worked at a private law...

On 10 December 2019, the EU's European Research Council (ERC) announced the winners of its latest Consolidator Grant competition: 301 top scientists and scholars across Europe. Funding for these researchers, part of the Horizon 2020 research and innovation programme, is worth in total €600 million. With this support, the new grantees will have a chance to build up their teams and have far-reaching impact. The grantees will carry out their projects at universities and research centres in 24 different countries across Europe,...

The European Securities and Markets Regulator (ESMA), the EU’s securities markets regulator, today publishes a study on the market impacts of circuit breakers. Sudden and drastic price swings in financial markets can be a source of market instability and are a concern for market participants, supervisors and regulators. Circuit breakers are key instruments used by trading venues to regulate markets and interrupt excessive price movements. Based on Morningstar Real Time data ESMA has created a unique database of circuit breakers triggered between 1...