Finance & Trade

Petition Seeks to Shut Down EU-U.S. Trade Deal

December 10, 2014

The European Commission has received a petition, signed by over one million Europeans, calling for a halt to the negotiation of the Transatlantic Trade and Investment Pact ("TTIP"), a massive proposed trade deal between the U.S. and the EU.
U.K. Withdraws Complaint Against EU Banking Bonus Cap

November 26, 2014

Following the issuance of an opinion from an Advocate General of the Court of Justice of the EU ("ECJ") finding the EU's cap on bonuses to banking executives within the competence of Brussels authorities, the British Government has announced the withdrawal of its complaint against the cap from the ECJ.
EU Parliament May Encourage Break-up of Google

November 26, 2014

The Telegraph reports that Members of the European Parliament will vote on a motion calling for the European Commission to consider breaking up the internet company Google's search engine from other commercial services the company offers in Europe.
EU Commission President Faces Pressure over Tax Deals

November 12, 2014

President of the European Commission Jean-Claude Juncker is facing intense criticism over the inconsistency between EU attempts to harmonize tax policy in the bloc and the Luxembourg Government's negotiation of special corporate tax deals while Juncker was Prime Minister.
Hannan: EU Trade Policy Hinders U.K. Economy

November 05, 2014

U.K. Member of the European Parliament Dan Hannan writes that by restricting Britain from negotiating trade agreements with expanding economies outside the bloc, the EU's trade policy is holding back the U.K. economy.
U.K. Commissioner Calls for Completion of EU Banking Union

November 05, 2014

In a recent statement, the European Commissioner from the U.K. Jonathan Hill praised the establishment of the European Central Bank as the Single Supervisor of the EU banking union and encouraged the completion of the union through a Single Resolution Mechanism for banks.
LSE Chief: EU Exit Would Not Harm U.K. Lead in Finance

October 29, 2014

The chief executive of the London Stock Exchange ("LSE") has predicted that the exit of the U.K. from the EU would not reduce London's status as a global financial leader.
EU Authority Issues Warning on Banker Bonus Caps

October 22, 2014

Following its investigation of "allowances" that institutions have used to compensate executives without running afoul of recently passed bonus caps for banks in the EU, the European Banking Authority has called on EU authorities to demand that these allowances are consistent with the banker bonus legislation.
Report Calls for EU Deregulation of Small Businesses

October 17, 2014

A report from a task force headed by former Bavarian leader Edmund Stoiber proposes the exemption of European small and medium enterprises from nearly all EU regulation of business practices.
EU Questions U.K. Color Coding of Food

October 08, 2014

In response to a complaint from Italy over a British "traffic light" system that indicates the healthiness of food on its packaging, the European Commission has described the system as "simplistic" and has called for the U.K. Government to justify the scheme.