PHILADELPHIA—China’s top planning body, the National Development and Reform Commission (NRDC), has recommended measures for establishing exchanges for voluntary trading of carbon emission reduction credits.
BRUSSELS—The likelihood that the Anti-Counterfeiting Trade Agreement will be approved in the European Union in the near future vanished July 4 when the European Parliament voted overwhelmingly against the controversial treaty by a vote of 478—39, with 165 abstentions.
MELBOURNE, Australia—Hong Kong’s Privacy Commissioner for Personal Data, Allan Chiang, has welcomed the June 27 passage of legislation that would amend Hong Kong’s privacy ordinance, highlighting tighter controls on the transfer or sale of personal data and on its use for direct marketing.
BRUSSELS—Cloud computing service clients in the European Union are obliged to select a provider that guarantees compliance with EU data protection law, the Article 29 Working Party said in a formal opinion released July 3.
BRUSSELS—The European Commission July 5 issued rules to implement recently approved legislation banning uncovered sovereign credit default swaps and short sales of shares and sovereign debt.
GENEVA—The Basel Committee on Banking Supervision unveiled June 26 a new proposal designed to improve the risk data aggregation capabilities and risk reporting practices of “too big to fail” banks.
GENEVA—The Basel Committee on Banking Supervision issued June 26 its final new rules requiring internationally active banks to disclose the composition of their capital reserves.