The European Commission has proposed changes to financial regulation to make investments easier and quicker as it faces a severe economic crisis.
The institution wants a streamlined prospectus to make it easier to invest; it wants more research analysis of small and medium-sized firms; and it wants to amend the securitization framework to boost bank lending.
Friday's proposal has yet to be approved by the European Parliament and the 27 governments of the member states.Bloomberg | Bloomberg | Getty Images The rules will apply to companies operating within the EU, but also to any jurisdiction working with EU-based firms. The U.K. is"Today's targeted amendments will make it easier for our businesses to get the funding they need and to invest in our economy," Valdis Dombrovskis, the executive vice president of the European Commission, said in a statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No easy approval of EU stimulus deal, says parliament headThe European Parliament will not rubber stamp a European Union leaders' accord on a massive coronavirus stimulus, the assembly's head said on Wednesday, pledging to reverse research cuts and tie disbursements to democratic values.
Read more »
Slack Files EU Antitrust Complaint Against MicrosoftMicrosoft is facing an antitrust complaint in the European Union over its push into workplace-collaboration software, joining a series of big tech firms under scrutiny on both sides of the Atlantic for allegedly abusing their dominance.
Read more »
Airlines ask US, EU for coronavirus testing in order to resume transatlantic flightsThe letter said testing 'could be key to providing confidence to permit services to resume without quarantine requirements or other entry restrictions.'
Read more »
EU economics commissioner sees recovery fund payment in second half of 2021: paperPayments of the massive coronavirus stimulus approved by leaders of the European Union will start in the second half of next year, the bloc's economy commissioner, Paolo Gentiloni, was quoted as saying on Friday.
Read more »
EU prolongs duty-free import of face masks, medical gearThe European Commission extended until the end of October a waiver of customs duties and sales taxes on imported face masks and other medical gear to help tackle shortages as the bloc fights the coronavirus epidemic.
Read more »
Stocks Mixed, Pfizer’s Vaccine Deal, Slack Files EU Competition Complaint Against Microsoft, Liberty Media CEO by Squawk on the Street
Read more »