* Capital Requirements Regulation and Directive The European Union approves new rules to stabilise and strengthen the banking system, Capital Requirements Regulation (CRR) and Directive (CRD). Check the next links for more details: – EU Bank Capital Requirements Regulation and Directive – Parliament Votes Reform Package ——————————————————————————————————————————————–— * New Business Rules The European Commission approves new transparency rules for the extractive industry and simplification of accounting requirements for companies. Check here. ——————————————————————————————————————————————–— * European Satellite Navigation Systems The European Council and European Parliament reach agreement on financing and governance of the European satellite navigation Systems (EGNOS and Galileo). Please follow the link.