Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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How To Get The Best Home Insurance Quote in Canada Nov 27th
Unlike car insurance, in Canada, there is no legal requirement to have homeowners insurance. But that doesn’t mean you should go without it. Find out why you need insurance and how to get the best homeowners insurance quotes in Canada.
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Although not legal.... More »
Canada Post has launched an experiment to watch its own future unfold with a new test store that banks heavily on making its service a better way to help Canadians shop online.
EU takes 6 nations to court for failure to introduce laws on collapsing banks
– canadianbusiness.com
BRUSSELS – The European Union is taking six countries to court for failing to bring their laws into line with EU rules aimed at stopping banks from going bust and creating another financial crisis.
The EU’s executive Commission said Thursday that it was referring the Czech Republic, Luxembourg, the Netherlands, Poland, Romania and Sweden to the European Court of Justice.
The so-called bank recovery and resolution legislation gives national authorities powers to manage the collapse of a bank or large investment firm.
The EU rules were supposed to be made national law by the end of last year. All other countries have fully or partially complied.
Commission spokeswoman Vanessa Mock said “it’s high time that we got this moving.”
The six could face daily fines until the legislation is adopted.
The post EU takes 6 nations to court for failure to introduce laws on collapsing banks appeared first on Canadian Business – Your Source For Business News.
The EU’s executive Commission said Thursday that it was referring the Czech Republic, Luxembourg, the Netherlands, Poland, Romania and Sweden to the European Court of Justice.
The so-called bank recovery and resolution legislation gives national authorities powers to manage the collapse of a bank or large investment firm.
The EU rules were supposed to be made national law by the end of last year. All other countries have fully or partially complied.
Commission spokeswoman Vanessa Mock said “it’s high time that we got this moving.”
The six could face daily fines until the legislation is adopted.
The post EU takes 6 nations to court for failure to introduce laws on collapsing banks appeared first on Canadian Business – Your Source For Business News.
