Brussels calls for criminal punishments

first_img KCS-content Tags: NULL BRUSSELS may demand that countries impose criminal penalties for breaking some financial rules, in a bid to toughen up regulation across the European Union.In a second consultation paper yesterday about financial penalties, EU officials said there was too much variation in sanctions between countries.One proposal is for Brussels to set minimum penalties across the board – including the requirement of criminal sanctions for the most serious crimes. The consultation is open until 19 February.At the moment, banking sector penalties range from less than €150,000 (£126,000) in several countries, to unlimited fines in others. In the securities sector, only 18 countries have fines for insider trading. The maximum levels range from more than €1m to less than €200,000. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child Wednesday 8 December 2010 9:20 pm whatsapp Brussels calls for criminal punishments Show Comments ▼ whatsapp Sharelast_img