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Europe's 'Gold Standard' Insurance Regulation Badly Tarnished

Solvency II, the prudential regime for insurance and reinsurance undertakings in the EU  is portrayed as a global ‘gold standard’. An extraordinary case involving the Romanian Financial Supervisory Authority, ASF, and the insurance operator, Euroins Romania which has played out since the beginning of this year badly tarnishes the ‘gold standard’ claim – writes Dick […]
Dick Roche Eu Parliament Romanian Ministry For European Bank College Of Supervisors Romanian Financial Supervisory Authority

The EU must settle its gas bills or face problems down the road

In 2017 Regulation EU 2017/1938 created obligations on member states to safeguard the security of natural gas supplies. The initiative was inspired by the 2009 gas crisis which arose when Russia and Ukraine failed to agree on gas prices and gas deliveries through Ukraine were cut, writes Dick Roche. Prompted by Russia’s February 2022 invasion […]
Bruxelles Capitale Kardi Simson Rosen Histov Dick Roche Eu Energy Energy Council

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Is it time to call the bluff on US data privacy?

The jury is out on whether the Executive Order signed by President Biden on 7 October can resolve the legal concerns highlighted in the Schrems II case and restore “ trust and stability” to transatlantic data flows, writes Dick Roche, former Irish minister for European affairs who played a central role in the Irish Referendum […]
United States Safe Harbour White House District Of Columbia Max Schrems Dick Roche

How Murky Politics Destroyed a European Bank

On 10th March 2015 the US Department of the Treasury’s Financial Crimes Enforcement Network, (FinCEN) dealt a hammer blow to the Banca Privada d’Andorra (BPA) by designating the bank as a “primary money laundering concern” under US law - writes Dick Roche, former Irish Minister for European Affairs. BPA had no warning that it was […]
United States Gao Ping United Kingdom Marcelino Martin Blas Andrei Petrov Jose Manuel Villarejo

The Court of Auditors leaves vital questions unanswered

It is estimated that 5G could add up to €1 trillion to EU gross domestic product and to create or transform up to 20 million jobs in the short term, writes Dick Roche. The Court of Auditors Special Report 5G Roll-out in the EU released on 24 January could have provided policymakers with an objective appraisal as […]
France General Bruxelles Capitale Dick Roche Overall The Court Eu Commission Auditors Special Report

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