Statement by Commissioner László Andor on Bangladesh Sustainability Compact follow up meeting European Commission Brussels, 20 October 2014 Statement Since the tragic collapse of the Rana Plaza factory in Bangladesh in 2013, the European Union (EU) has been active to improve labour rights, working conditions and factory safety in the ready-made garment and knitwear industry in the country.
Antitrust: Commission settles cartel on bid-ask spreads charged on Swiss Franc interest rate derivatives; fines four major banks € 32.3 million European Commission Press release Strasbourg, 21 October 2014 (See also Statement by Commission Vice-President Joaquín Almunia.) The European Commission has found that four international banks, RBS, UBS, JP Morgan and Crédit Suisse, operated a cartel on bid-ask spreads of Swiss franc interest rate derivatives in the European Economic Area (EEA).
Antitrust: Commission settles RBS-JPMorgan cartel in derivatives based on Swiss franc LIBOR; imposes € 61.6 million fine on JPMorgan European Commission Press release Strasbourg, 21 October 2014 (See also the Statement by Commission Vice-President Joaquín Almunia.) The European Commission has found that two international banks, RBS and JP Morgan, participated in an illegal bilateral cartel aimed at influencing the Swiss franc Libor benchmark interest rate between March 2008 and...
Antitrust: Commission sends Statement of Objections to Honeywell and DuPont regarding cooperation on new refrigerant used in car air conditioning systems European Commission Press release Brussels, 21 October 2014 The European Commission has informed Honeywell International Inc. (Honeywell) and E.I. du Pont de Nemours and Company (DuPont) of its preliminary view that the cooperation they entered into in 2010, based on several agreements on the production of a new refrigerant for...
European Commission proposes ratification of Marrakesh Treaty to facilitate access to books for visually impaired persons Press release Brussels, 21 October 2014 European Commission The Commission has today proposed the ratification, on behalf of the European Union, of the Marrakesh Treaty to Facilitate Access to Published Works for Persons who are Blind, Visually Impaired, or otherwise Print Disabled.
Antitrust: Commission seeks feedback on commitments from Skyteam airline alliance members Air France/KLM, Alitalia and Delta concerning transatlantic cooperation European Commission Press release Brussels, 21 October 2014 The European Commission has invited interested third parties to comment on commitments proposed by Air France/KLM, Alitalia and Delta to address concerns that their transatlantic cooperation may harm competition for premium passengers on the Paris-New York route and for all passengers on...
European Social Fund: more than €2.6 billion to boost employment and social inclusion in Germany Commission Press release Brussels, 21 October 2014 European The European Commission has today adopted the German federal Operational Programme for the implementation of the European Social Fund (ESF) in the period 2014-2020.
Commission adopts detailed rules on contributions of banks to resolution funds European Press release Strasbourg, 21 October 2014 Commission The European Commission has today adopted a delegated act and a draft proposal for a Council implementing act to calculate the contributions of banks to the national resolution funds and to the Single Resolution Fund respectively (IP/13/674).
The EU at the G20 summit in Brisbane: Joint letter of Presidents Barroso and Van Rompuy European Commission MEMO Brussels, 21 October 2014 In a joint letter to Heads of State and Government of the European Union ahead of this week's European Council meeting, European Commission President Barroso and European Council President Van Rompuy inform about the key issues coming up for discussion at the G20...
Delegated Act on ex-ante contributions to the resolution financing arrangements under the Bank Recovery and Resolution Directive (BRRD): Frequently Asked Questions European Commission MEMO Brussels/Strasbourg, 21 October 2014 1. What are resolution funds and what are they for? The Commission has implemented an ambitious financial regulation agenda (MEMO/14/244) to better regulate, supervise and govern the financial sector so that banks are more resilient to shocks in the future.