On 11 September, the Commission has published the State of the Energy Union Report 2024 which describes how the EU has managed unprecedented challenges in the energy policy landscape during this Commission’s mandate, equipping the EU with a regulatory framework for pursuing the clean energy transition and laying the foundations for renewed economic growth and competitiveness. Continue reading…

Marcus evans is proud to announce the IP Law Europe Summit 2024, an exclusive invitation-only summit designed for leading in-house IP law executives, innovative law firms, IP attorneys, and legal service providers. Set against the stunning backdrop of the Hôtel Martinez in Cannes, this summit promises to be a pivotal gathering for the IP law community. Continue reading…

Armis, the asset intelligence cybersecurity company, has recently announced the appointment of Christina Kemper to VP of International. In her role, Kemper will accelerate international sales growth and expand Armis’ global presence forging strategic partnerships with organisations across EMEA and Asia Pacific to help businesses manage their cyber risk exposure in real time. Continue reading…

In a new report, the FCA encourages account providers to do more to support those who want a bank account but don’t have one. The FCA has recognised that banks, building societies and payment firms are trying to support customers to access accounts and is encouraging them to build on examples of existing good practice, such as working with homeless charities to tailor their support to the needs of customers in vulnerable circumstances. Continue reading…

The European Commission has recently published a Staff Working Document (‘SWD’) summarising the findings of the evaluation of the  EU Regulations which lay out the procedures for the application of EU competition rules (Regulation 1/2003 and Regulation 773/2004, together the ‘Regulations’). The Regulations set out the procedural framework for the implementation of EU competition rules laid down in Articles 101 and Article 102 of the Treaty on the Functioning of the EU (‘TFEU’). They have played a crucial role in the enforcement of EU antitrust rules since their entry into force 20 years ago.

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A three-year investigation has led to the charging of three Belarusian nationals for deceitfully seizing a Polish aircraft in Belarus to arrest a dissident. The forced landing in Minsk of a commercial flight caused a direct threat to the life and health of the 132 passengers and unlawfully deprived the crew and passengers of their liberty. Eurojust supported this high-profile case from the start of the investigations by Polish and Lithuanian authorities in 2021.

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The FCA has published its Annual Report, which shows significant improvements in its authorisations service. Recognising the vital role that the regulator plays in enabling new financial services firms’ ability to meet regulatory standards to get off the ground, the FCA has improved its authorisation process. Now 98% of cases, including applications by wholesale market firms, are assessed within statutory deadlines, up from 89% in Q1 of 2022/23. Continue reading…

by Ajay Katara

The Basel guidelines, developed by the Basel Committee on Banking Supervision (BCBS), have evolved through three major iterations. Basel I, introduced in 1988, focused on credit risk, setting minimum capital requirements for banks. Basel II, launched in 2004, expanded the framework by including operational risk and enhancing risk management practices. Basel III, initiated in response to the 2008 financial crisis, introduced stricter capital and liquidity requirements to improve banking sector resilience. The Basel III Endgame (B3E) is the latest version of the reforms which are planned to be implemented by 2025 and will bring about significant changes in the US Risk based capital framework. Continue reading…

The European Corporate Counsel Summit, organised by marcusevans, is set to take place at the prestigious Hôtel Martinez in Cannes, France, on October 10-11. This invitation-only event will gather leading in-house General Counsel and innovative legal services providers. The summit will address critical in-house legal challenges and interests, aligning its content with relevant market developments and practical strategies adopted by successful pioneers. Continue reading…

An illegal trading scheme in counterfeit and banned pesticides and fertilisers that were potentially dangerous to consumers’ health has been halted by the Romanian and Italian authorities. Eurojust and Europol supported the joint investigation team (JIT). During a series of actions in both countries, evidence of large-scale fraud, forgery and tax evasion was gathered and one suspect was arrested.

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