The European Banking Authority (EBA) recently published its European Resolution Examination Programme (EREP) Report. It sets three priorities for resolution authorities and banks for 2025: operationalisation of their resolution tools, liquidity strategies in resolution, and management information system for valuation. The Report also looks at the progress achieved in 2023 and identifies areas of improvement. Continue reading…

The FCA has charged Mr Olumide Osunkoya, who is 45 and resides in London, for unlawfully running multiple crypto ATMs without FCA registration. Crypto ATMs are machines that allow you to buy or convert money into cryptoassets. Mr Osunkoya is accused of running crypto ATMs, which processed £2.6m in crypto transactions across multiple locations between 29 December 2021 and 8 September 2023 without the required registration. Continue reading…

by Margrethe Vestager

Today is a big win for European citizens and for tax justice. The Court of Justice confirms the decision from 2016 by the European Commission: Ireland granted Apple unlawful aid which Ireland now has to recover.  And this judgement is final. The Court also confirms the Commission’s decision in the Google Shopping antitrust case. And also this is a final judgment. Let me first talk about Apple case and the judgment in itself. It is a win for the Commission. It is also a win for the level playing field in the Single Market, and for tax justice. Continue reading…

The seven members of the Eurojust-supported joint investigation team (JIT) on alleged core international crimes committed in Ukraine have agreed to amend the JIT Agreement to enhance investigations on crimes of torture, ill-treatment and filtration. The JIT meeting took place in Kyiv on 10 September, just before the start of the recently held United for Justice Conference. Over the last two and a half years, the JIT’s operations have significantly strengthened the capacity of member states to investigate Russian war crimes, laying a solid legal foundation for gathering, preserving, and exchanging evidence.

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The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have on 10 September issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines ongoing high economic and geopolitical uncertainties. The ESAs warn national supervisors of the financial stability risks stemming from these uncertainties and call for continued vigilance from all financial market participants. For the first time, the Report also includes a cross-sectoral deep dive into credit risks in the financial sector. Continue reading…

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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