EBA launches consultation on Retail Payment Services
[Newsflash n. 14] On the 22nd of September 2016, the European Banking Authority (EBA) launched a consultation on its draft guidelines on the criteria competent authorities should consider when stipulating the minimum monetary amount of [...]
EBA harmonises the definition of default across the EU
[Newsflash n. 13] On 28 September 2016 the European Banking Authority (EBA) published its final Guidelines on the application of the definition of default across the EU. The definition of default, introduced by the Capital [...]
129 Implementing Provisions in English
[Newsflash n. 12] Bank of Italy published the courtesy translation of the 129 TUB implementing provisions ("Provisions on the reporting of issues and offerings of financial instruments"). The translation can be found here. The following documents are [...]
The implications of Brexit on the harmonisation of Data Privacy legislation
[Newsletter n. 5] Very little has changed since we all learned of the outcome of the UK referendum on Brexit in June. The UK Government is still investigating and discussing internal constitutional principles and requirements [...]
Ministry of Economic Development issues “Industry 4.0” plan
[Newsflash n. 11] On 21 September 2016 the Italian Ministry of Economic Development published the “Industry 4.0” national plan(*), which will be the basis of the upcoming Stability Law, with the objective to boost large-scale [...]
Italian Revenue Agency issues resolution on taxation of bitcoins and other virtual currencies
On 2 September 2016, the Italian Revenue Agency issued Resolution n. 72/E on the tax treatment of transactions involving the use of bitcoins and other virtual currencies. According to the resolution, intermediation activities involving exchange [...]