Tag: eu

ICC United Kingdom’s Chris Southworth discusses EU ‘digital tax’ on BBC News

Following the European Union’s proposal to implement a three percent tax on tech companies with global revenues over US$750m globally and $50m in the EU, BBC News’s Vishala Sri-Pathma‏ asks Chris Southworth, Secretary General of the International Chamber of Commerce (ICC) United Kingdom, his thoughts on the ruling. Southworth explains that the most important issue regarding …

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ICC United Kingdom’s Chris Southworth talks to BBC Radio 4 on trade outside the EU

UK food and drink exports soared to £22 billion pounds last year, while export growth to non-EU countries surpassed those to the EU. Speaking to BBC Radio 4 Farming today, ICC United Kingdom Secretary General Chris Southworth talks trade outside the EU, and how trade policy following Brexit should look for UK food and drink exporters to …

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A New Playing Field: Deutsche Bank discusses the implications of the new European Directive on Payment Services (PSD2) in Flow Magazine

PSD2 is certainly not a minor update of the original EU Payment Services Directive (PSD1) established in 2007. It brings three major changes to PSD1: it widens the geographical and currency scope of predecessor regulation; it introduces higher levels of payment security and authentication; and finally, and perhaps most disruptively, PSD2 licenses third party providers …

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Deutsche Bank’s Shakrokh Moinian explores the far-reaching implications of PSD2 in TFR

PSD2’s predecessor regulation, PSD1, was introduced in 2007, to a very different kind of payments market. Since then, a step-change in technological development has thrown up a multitude of new payment methods, channels, and operators. PSD2 takes account of the changes that have occurred since 2007; it licenses and regulates new market players (or Third …

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In an article for IBS Journal, Deutsche Bank’s Shahrokh Moinian explains how PSD2 could accelerate European payments digitalisation

Taking into account the substantial technological and market changes in the past decade, EU Payment Services Directive’s revision – known as PSD2 – comes into effect in January 2018. Its changes, however, represent more than a regulatory update; in fact, PSD2 has the potential to propel European payments into a new era of digitalised services. …

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Deutsche Bank’s Shahrokh Moinian explores the global implications of the EU’s new Directive on Payment Services, in the Asian Banker

On 13th January 2018, the second European Directive on Payment Services, or PSD2 as it is more commonly referred to, will come into application. With a just under a year to go until implementation, Shahrokh Moinian, Deutsche Bank’s Global Head of Cash Management Corporates, explores PSD2’s potential impacts in the Asian Banker. “PSD2 is much more …

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ICC UK’s Sir Mike Rake discussing Brexit on the BBC Radio 4 Today Programme

Sir Mike Rake, Chair of ICC United Kingdom, appeared early this morning on BBC Radio 4’s Today Programme. Interviewed by presenters John Humphrys and Sarah Montague, Sir Mike was first questioned on broadband investment and connectivity, and proceeded to discuss the importance of transitional arrangements and being “intensely practical” while the UK negotiates trade agreements …

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Patrick Artus argues the UK’s Brexit loss may be the eurozone’s gain in Bloomberg Briefs

The UK finds itself at the epicentre of a unique economic and political experiment following its decision to withdraw from the EU. Yet, Patrick Artus, Natixis’ chief economist, believes the reaction to Brexit has been wildly over-exaggerated. Writing for Bloomberg’s daily newsletter, Artus argues that the UK’s losses following a Brexit – notably forecasted falling …

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iGTB featured in discussion on the cost of Brexit in GTNews

In a recent article by Peter Williams, iGTB has been featured commenting on the costs of Brexit in GTNews’s Global Treasury Briefing. The article discusses the effects that leaving the European Union may have on the UK economy, including whether it will affect FX trading, the value of sterling and any effects it will have in …

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ICC United Kingdom in The Telegraph’s live EU referendum feed

Following the UK’s vote to leave the EU, the International Chamber of Commerce (ICC) United Kingdom has featured in The Telegraph’s live referendum feed. In the post, Chris Southworth, Secretary General of ICC United Kingdom, states: “The UK is part of a global economic system and the impact of today’s decision goes far and wide. …

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