Search Results for: Ireland
10 results out of 986 results found for 'Ireland'.
BREXIT AGREEMENT EASES WORST FEARS OF EU/UK DAIRY SECTORS, BUT TRADE RED TAPE STILL A CONCERN
THE EUROPEAN and British dairy sectors are holding their breath, waiting to see if their producers can cope with the rules of origin, plus sanitary and phytosanitary (SPS) red tape requirements required for UK-European Union (EU) dairy trades under the new EU-UK trade agreement.…
EU LAUNCHES FIRST ‘EUDAMED’ MODULE, BUT MDR/IVDR BOTTLENECK REMAINS
THE EUROPEAN Commission on Tuesday (December 1) launched the first component of its behind-schedule IT system for registering certified medical devices, but an ongoing regulatory bottleneck could render many products impossible to certify for some time.
The first of six modules of its EUDAMED system will assign a ‘single registration number’ (SRN) to each medical device manufacturer, producer of procedure kits, importer, and a European Union (EU)-based representative of non-EU manufacturers.…
EU COUNTRIES DRAGGING THEIR FEET OVER PUBLIC UBO REGISTERS
Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register. The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…
EUROPEAN PARLIAMENT-COMMISSIONED REPORTS CALL FOR INDEPENDENT EU ETHICS BODY
Two studies unveiled before members of the European Parliament (MEPs) on November 19 in a joint meeting of the constitutional affairs and legal affairs committees have concluded that the European Union (EU) needs an independent ethics body. In his EP commissioned study ‘Strengthening transparency and integrity in the EU institutions by setting up an independent EU ethics body’, (1) Austrian management professor Dr Markus Frischuut suggested the body should have around seven ruling members and 50 staff. …
NEW EU PUBLIC PROSECUTOR CALLS FOR GOVERNMENTS TO STEP UP TO THE PLATE ON EPPO
The European Chief Prosecutor (ECP) of the embryonic European Public Prosecutor’s Office (EPPO) has challenged the 22 European Union (EU) states (1) that have signed up to an enhanced cooperation pact underpinning its existence to properly fund the new institution. Without enough money, the EPPO will not be effective, ECP Laura Codruţa Kövesi told Fraud Intelligence.…
INTERNATIONAL REGULATORY ROUND UP - CAOBISCO APPEALS TO BRUSSELS AND WASHINGTON TO END FOOD TARIFF WAR OVER AVIATION SUBSIDIES
EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…
COVID-19 PUSHES SMALL IRISH BUSINESSES TO THE LIMIT – BUT VIABLE FIRMS HAVE BEEN DIGITISING ACCOUNTS TO SAVE MONEY
The COVID-19 pandemic has decimated revenues at many Irish small-and medium-sized enterprises (SMEs) but it could also prove a crucial period in the embrace of digital technology by firms. Irish SMEs are facing a collective annual revenue shortfall (where income fell below expenditure) of between EUR10.3 and EUR11.7 billion in 2020 due to the virus, according to research by the Central Bank of Ireland.…
COVID-19 PANDEMIC FUELS INNOVATION AND DEVELOPMENT FOR ANTI-VIRAL COATINGS
The Covid-19 pandemic is set to drive a near threefold surge in the antiviral coatings market as researchers and developers say they now realise how little they know about effective materials combatting such threats.
The search for more universal antiviral materials “should be continued with even higher intensity”, said Professors Ken Ostrikov and Ziqi Sun from Queensland University of Technology, in Australia, in their September (2020) report, ‘Future antiviral surfaces: Lessons from COVID-19 pandemic’, featured in the publication ‘Sustainable Materials and Technologies’.…
FINANCE MINISTERS BACK PLAN FOR EU-WIDE AML LAW AND SUPERVISOR
EUROPEAN Union (EU) finance ministers today (Nov 4) gave support to plans to create an EU-wide anti-money laundering (AML) supervisor and harmonised EU laws to tackle the crime.
The European Commission announced in May that it plans to create “a single EU rulebook” to tackle money laundering and terrorism financing, with more reliance on a mandatory regulation than more flexible directives and a new coordination mechanism for national Finance Intelligence Units (FIU).…
CALL FOR AUDITORS TO GAIN ‘REASONABLE ASSURANCE’ ON FRAUD
The UK’s Financial Reporting Council (FRC) is proposing a revision to Britain and Ireland’s auditing standards to require auditors “to obtain reasonable assurance” that a client’s financial statements “are free from material misstatement due to fraud”. The proposals to revamp the 16-year-old International Standard on Auditing (UK) (ISA (UK) 240, from December 15, 2021, would also beef up professional scepticism requirements so that audits are not biased towards obtaining corroborative facts and exclude contradictory evidence.…