European Commission presents comprehensive approach for the modernisation of the World Trade Organisation

The EU's approach to the World Trade Organisation (WTO) reform outlined in a document published today will be presented to EU partners in Geneva on 20 September during a meeting on that subject convened by Canada. The European Commission has today put forward a first set of ideas to modernise the WTO and to make … Continue reading European Commission presents comprehensive approach for the modernisation of the World Trade Organisation

Stronger anti-money laundering supervision for a stable banking and financial sector – Questions and Answers

The Commission proposed today to further strengthen the supervision of EU financial institutions to better address money-laundering and terrorist financing threats. While the EU has strong anti-money laundering rules in place, recent cases involving money laundering in some EU banks have raised concerns that those rules are not always supervised and enforced effectively across the … Continue reading Stronger anti-money laundering supervision for a stable banking and financial sector – Questions and Answers

European Commission oversight of Member States’ application of EU Law to be strengthened, say Auditors

Opportunities exist for the European Commission to further strengthen its oversight of the way EU law is applied in the Member States, according to a new Landscape Review by the European Court of Auditors. The review looks at the Commission’s oversight activities and identifies challenges and opportunities ahead. It also points to the need for … Continue reading European Commission oversight of Member States’ application of EU Law to be strengthened, say Auditors

Rule of Law: European Commission takes next step in infringement procedure to protect the independence of the Polish Supreme Court

Today, the European Commission decided to send a Reasoned Opinion to Poland regarding the Polish law on the Supreme Court. The new Polish law on the Supreme Court lowers the retirement age of Supreme Court judges from 70 to 65, which puts 27 out of 72 sitting Supreme Court judges at risk of being forced … Continue reading Rule of Law: European Commission takes next step in infringement procedure to protect the independence of the Polish Supreme Court

Commission welcomes WTO ruling confirming lawfulness of core principles of the EU third energy package

In a ruling published on Friday, the World Trade Organisation rejected most of Russia's claims concerning the alleged incompatibility of the EU's energy policy measures with the multilateral trade rules. The WTO panel did not find basis to the claim concerning the alleged EU discrimination in its "Third Energy Package" against Russian pipeline transport services, … Continue reading Commission welcomes WTO ruling confirming lawfulness of core principles of the EU third energy package

Antitrust: Commission fines four consumer electronics manufacturers for fixing online resale prices

The European Commission today fined, in four separate decisions, consumer electronics manufacturers Asus, Denon & Marantz, Philips and Pioneer for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules. The fines totalling over €111 million were in all four cases reduced due to the companies' cooperation with the … Continue reading Antitrust: Commission fines four consumer electronics manufacturers for fixing online resale prices

Infringements: Commission refers Greece, Ireland and Romania to the Court of Justice for not implementing anti-money laundering rules

Today, the Commission referred Greece and Romania to the Court of Justice of the EU for failing to implement the 4th Anti-Money Laundering Directive into their national law. Ireland implemented only a very limited part of the rules and is therefore also referred to the Court of Justice. The Commission proposed that the Court charges a … Continue reading Infringements: Commission refers Greece, Ireland and Romania to the Court of Justice for not implementing anti-money laundering rules