selection

money

This tag is associated with 5 posts

Revision of the Fourth Anti-Money-Laundering Directive [EU Legislation in Progress]

Directive (EU) 2015/849, which forms part of the EU regulatory framework to combat financial crime, has shown gaps in the light of recent terrorist attacks and various tax leaks. In this context, the European Commission proposed to amend the directive, along with Directive 2009/101/EC, to broaden their scope, lower thresholds benefiting from exemptions and provide for the creation of automated centralised mechanisms (e.g. central electronic data retrieval systems). Continue reading

Money Market Funds: Impact Assessment of Substantive EP Amendments

Written by Claudio Collovà Executive Summary Europe Economics was asked to assess the feasibility and impacts of potential changes contained in a number of substantive amendments to the proposed regulation on Money Market Funds (MMFs) being considered by the Committee on Economic and Monetary Affairs of the European Parliament. The amendments in question would require any constant net asset value … Continue reading

Bitcoin: Market, economics and regulation

Bitcoin is a digital currency which started circulating in 2009. It was the first form of virtual money to become relatively popular. Bitcoin is public in nature as it maintains a log of all transactions. These are verified by its users in a process called mining. The extent of computing power and energy needed to … Continue reading

Legislative package on shadow banking

In its 2012 own initiative report the European Parliament endorsed the following definition of shadow banking: “a system of intermediaries, instruments, entities or financial contracts generating a combination of bank-like functions but outside the regulatory perimeter or under a regulatory regime which is either light or addresses issues other than systemic risks, and without guaranteed … Continue reading

The revision of EU anti-money laundering tools

Following developments in international anti-money laundering (AML) standards, the European Commission has proposed to revise two major EU instruments in order to strengthen the AML framework and, at the same time, make it more flexible. EU anti-money laundering efforts in the international context Non-binding, but universally recognised recommendations of the Financial Action Task Force (or … Continue reading

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