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Transatlantic News
Transatlantic News
11
Dec
European Union Finance Ministers on December 10 took further steps in the development of the Banking Union by agreeing on a mandate for final negotiation stage on Bank Recovery and Resolution as well as Deposit Guarantee Schemes directives with European Parliament. The Ministers also defined the guidelines on various elements of SRM which should facilitate an agreement on the proposal in the ECOFIN Council on December 18.
“On the Single Resolution Mechanism, we have no formal result in our pocket...
10
Dec
Measures to enforce EU rules that will ensure home buyers across the EU are fully informed of the real costs of taking on a mortgage, and properly protected against the worst risks, were approved by MEPs on Tuesday, in a vote on legislation already agreed with EU member states.
“For most families, a mortgage is the biggest and longest financial commitment they make. So we need these rules to drive progress towards an EU-wide mortgage market that is stable,...
10
Dec
The EU's Aviation Safety Agency (EASA) has today updated its guidance on the use of portable electronic devices on board (PED), including smartphones, tablets and e-readers. It confirms that these devices may be kept switched on in "Flight Mode" (non-transmitting mode) throughout the journey (including taxiing, take-off and landing) without a risk to safety.
EU Transport Commissioner, Vice President Siim Kallas has asked EASA to accelerate its safety review of the use of electronic devices on board in transmitting mode,...
06
Dec
Compliments of the European Commission
1. All that glistens is not gold
Offers too good to be true often are too good to be true. Be extra-careful in checking “*” and other “small print” conditions. Verify that conditions of delivery and especially return are well explained. Pay attention to hidden subscriptions when you accept a free sample. Also watch out for fake Trustmark logos and check if the Trustmark in question really exists
2. Cash is not king: choose a secure method...
06
Dec
Viviane Reding, Vice-President of the European Commission, EU Justice Commissioner| Press Conference at the Justice and Home Affairs Council /Brussels
6 December 2013
Today's Justice Council meeting can be easily summarised: It was a disappointing day for data protection but an excellent day for other justice for growth measures!
Let me start with the good news first: Today Ministers found political agreement on two important files that will help the European economy.
Cross-border debt recovery
Thanks to the agreement on the European Account Preservation...
06
Dec
Justice Ministers have today reached agreement in record time on a European Commission proposal (IP/13/750) to complete the legal framework for Europe-wide patent protection. The proposal will update EU rules on the jurisdiction of courts and recognition of judgements (the so-called “Brussels I Regulation”) and thereby pave the way for a specialised European patent court – the Unified Patent Court – to become operational.
The court will have specialised jurisdiction in patent disputes, avoiding multiple litigation cases in up to...
05
Dec
$100 Million Early-Stage Life Sciences Funding Initiative to Launch Breakthrough New Ventures With Anchor Funding from NYCEDC, Celgene, GE Ventures, and Eli Lilly and Company
Icahn School of Medicine at Mount Sinai, in Partnership With Rensselaer Polytechnic Institute, to Form New Institute of Technology to Train Future Leaders in Development of Technology-Based Solutions to Critical Healthcare Needs
Deputy Mayor for Economic Development Robert K. Steel and New York City Economic Development Corporation President Kyle Kimball today announced two major initiatives to...
05
Dec
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively.
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Introductory statement to the press conference by Mario Draghi, President of the ECB, Frankfurt am Main, 5 December 2013
Ladies and gentlemen, I am very pleased to welcome you to our press conference. I will now report on the outcome of today’s meeting...
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