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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.
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EU Calls for Draft Budgets from Member States
October 22, 2014
Based on EU legislation passed in the wake of the recent financial crisis, the European Commission called on EU member countries to submit their draft budgets last week in order for the Commission to request revisions by the end of October.
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EU Commission President Criticizes U.K. Immigration Plans
October 22, 2014
President of the European Commission Jose Barroso has called U.K. Prime Minister David Cameron's plans to limit the number of immigrants coming to Britain from the EU contrary to the "essential" principle of freedom of movement in the economic bloc.
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EU Referendum Bill Clears Hurdle in U.K. House of Commons
October 22, 2014
Buoyed by calls from British Foreign Secretary Phillip Hammond for substantial reforms of the EU, which he said has transformed into a "putative superstate," the bill to hold a referendum on EU membership passed its second reading in the British House of Commons.
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EU Refers Italy to Court for Criminal Justice Issues
October 22, 2014
The European Commission has announced that it has referred Italy to the Court of Justice of the EU for allegedly failing to implement EU legislation on the compensation of crime victims.
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