News

  • 30 May 2018

    The European Commission presented seven new proposals on European financial markets, including a proposal for changes to SME listings rules, proposals encouraging sustainable finance and investments and a proposal to enable sovereign bond-backed securities.

    Below you can find a summary of these topics.

  • 9 May 2018

    During Digital Day 2018, the European Commission held discussions on cooperation between Member States on the digital front. 22 European countries signed a Declaration on the establishment of a European Blockchain Partnership. The European Commission also launched a proposal for a New Deal for Consumers to strengthen EU consumer rights and enforcement, as well as a proposal for a new law to guarantee protection for whistle-blowers who report breaches of EU law.

    Below you can find a summary of these topics.

  • 4 April 2018

    During the European Summit of 22 and 23 March, the European Council discussed jobs, growth and competitiveness, as well as the Paris Agreement and Digital Europe. The European Commission proposes new rules to ensure that all companies - including digital companies - pay fair tax in the EU. In addition, the European Commission also aims to make cross-border payments in euro fairer and cheaper.

    Below you can find a summary of these topics.

  • 29 March 2018

    On March 13th, the European Ministers of Finance met in the Economic and Financial Affairs Council (Ecofin) to discuss a draft directive on transparency requirements for intermediaries, as well as the EU’s list of non-cooperative jurisdictions. The European Commission presented measures for further reducing non-performing loans and launched an exploratory consultation to assess the impact of recent amendments to the Basel III framework.

  • 26 March 2018

    Fraudsters are constantly on the hunt for money mules. Money mules act as intermediaries to move money that has been stolen by fraudsters, often to other countries. Fraudsters are increasingly approaching adolescents for this purpose. They contact them through channels that are popular among young people, such as Instagram, with promises of making quick and easy money. The ones who fall into this trap often do not realise they are committing a criminal offence and are putting their safety, as well as the safety of the people around them, on the line.

  • 5 March 2018

    At the end of February, the European Ministers of Finance met in the Economic and Financial Affairs Council (Ecofin) to discuss sustainable finance. The ECON Committee in the European Parliament published a Draft Report on sustainable finance as well. The European Commission held a roundtable discussion on cryptocurrencies with key authorities, industry representatives and experts.

    Below you can find a summary of these topics.

  • 7 February 2018

    On January 23rd, the European Ministers of Finance met in the Economic and Financial Affairs Council (Ecofin) to discuss the deepening of the European Monetary Union. The Council dealt with the EU’s list of non-cooperative jurisdictions regarding tax governance, as well as the Commission’s annual growth survey and alert mechanism report. On January 29th, the General Affairs Council further discussed Brexit negotiations. Lastly, on January 31st, the European Commission’s High-Level Expert Group on Sustainable Finance (HLEG) published its final report.

  • 2 February 2018

    There is not a day that passes without us feeling the impact of technological development and changing consumer behaviour on our economy. Striking taxi drivers, restructuring exercises at big retailers but also in other companies … And when it comes to the financial sector, the decreasing number of local bank offices.

  • 11 January 2018

    On January 1st, 2018, a decade after its accession to the EU, Bulgaria has taken over the rotating Presidency of the Council of the EU for the first time. During its Presidency, Bulgaria will strive towards achieving future-oriented and realistic results in four key areas, such as economic growth and digital economy.

  • 18 December 2017

    A Eurogroup meeting took place on December 4, inter alia, to elect a new President. The Finance Ministers of the EU Member States met on December 5 in Brussels to discuss an EU list of non-cooperative tax jurisdictions, digital taxation, VAT on e-commerce and several proposals regarding the Banking Union. The European Council adopted legislative texts on bank creditor hierarchy and IFRS 9 rules.

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