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  • EU Innovation Directorate, Fintech Unicorns Mull Over New Pan-EU Sandbox Project

    Date 29/07/2021

    This summer the European Union Director-General for Innovation, Research, Culture, Education & Youth Jean-Eric Paquet met with a group of Europe’s fastest growing innovative companies, referred to as ‘the unicorn group’. Mr Martin Valters, Co-founder of Latvian company Mintos, presented one of the key items on the agenda consisting of a proposal to introduce a flagship of the Pan-European sandbox. He presented an action-based outline detailing plans to make significant improvements to the unified European innovation ecosystem by speeding up the product-to-market duration.

  • UK Financial Conduct Authority Proposing Changes To Streamline Decision-Making

    Date 29/07/2021

    The FCA is proposing changes to its decision-making process which will enable it to make faster and more effective decisions. This will help the FCA improve how it tackles firms and individuals who do not meet the required standards.

  • EBA Publishes Its Final Guidelines On The Monitoring Of The Threshold For Establishing An Intermediate EU Parent Undertaking

    Date 29/07/2021

    The European Banking Authority (EBA) published today its final Guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate EU parent undertakings (IPU) as laid down in the Capital Requirements Directive (CRD). The Guidelines specify how third country groups should calculate and monitor the total value of their assets in the Union in order to ensure timely application of the IPU requirement.The European Banking Authority (EBA) published today its final Guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate EU parent undertakings (IPU) as laid down in the Capital Requirements Directive (CRD). The Guidelines specify how third country groups should calculate and monitor the total value of their assets in the Union in order to ensure timely application of the IPU requirement.The European Banking Authority (EBA) published today its final Guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate EU parent undertakings (IPU) as laid down in the Capital Requirements Directive (CRD). The Guidelines specify how third country groups should calculate and monitor the total value of their assets in the Union in order to ensure timely application of the IPU requirement.The European Banking Authority (EBA) published today its final Guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate EU parent undertakings (IPU) as laid down in the Capital Requirements Directive (CRD). The Guidelines specify how third country groups should calculate and monitor the total value of their assets in the Union in order to ensure timely application of the IPU requirement.

  • Porter Airlines Partners With Worldline Offering WeChat Pay And PayPal

    Date 29/07/2021

    Worldline [Euronext: WLN], the European leader in the payments and transactional services industry and number 4 worldwide, today announced it has partnered with Porter Airlines to offer popular digital wallets, namely WeChat Pay and PayPal, for bookings through the airline’s website.

  • BCS Global Markets Appoints Inna Kryachko As HR Director

    Date 29/07/2021

    BCS Global Markets (“BCS GM”) – the investment banking services provider of Russia’s largest independent broker – has announced the appointment of Inna Kryachko as their new HR Director, based at BCS GM’s Moscow headquarters.