• 1 June 2017

    On April 29, President Tusk called a special European Council to adopt the EU’s negotiation guidelines for Brexit talks. At last week’s ECOFIN meeting, a range of tax-related issues were discussed. Furthermore, on May 17, the European Parliament adopted an own-initiative report on FinTech.

  • 7 April 2017

    Last week, the European Parliament published an article explaining the next steps following the implementation of Article 50 of the Treaty of the EU. A couple of days later, AFME presented a report on the challenges of Brexit for wholesale banking. In addition to these Brexit related topics, the European Commission decided to prohibit the proposed merger between Deutsche Börse and the London Stock Exchange Group. On April 4, the ECB announced the circulation of a new and safe €50 banknote. One day later, the EBA published its updated Risk Dashboard summarising the main challenges for the EU banking sector.

  • 31 March 2017

    A historical week for the EU. On Wednesday, March 29, 2017, British Prime Minister Theresa May signed Article 50, formally starting the process of Britain’s exit from the European Union. Earlier that week, the EU leaders came together in Rome to celebrate the 60th anniversary of the Treaty of Rome. Donald Tusk, president of the European Council, gave a speech on this occasion. In addition to these historical events, On March 25, 2017, the Commission published a Report on accelerating the capital markets union. On March 28, 2017, the European Association of Co-operative Banks listed several recommendations in its “Co-operative Banks Declaration: the way forward”. On the same day, Benoît Cœuré, Member of the Executive Board of the ECB, gave a speech about the monetary policy of the ECB.

  • 15 March 2017

    Last week, Donald Tusk was re-elected as President of the European Council. On March 9, 2017, the ECB announced that there will be no changes as for the basic interest rates. A new AFME report on the challenges of raising pre-IPO funding was published on March 7, 2017. Furthermore, the European Commission has published an update of the EU Member States’ DESI score (Digital Economy and Society Index).

  • 6 March 2017

    The Bruegel think tank has recently published an article about the consequences of the Brexit for the European financial sector and the modifications which will have to be made to the European Union financial regulation. On 1 March 2017, the European Commission published a Whitebook on the future of Europe.

  • 19 January 2017

    For the next 6 months, the presidency of the EU Council will be entrusted to Malta, which has made the further development of the European single market one of its major aims. On January 10, 2017, the European Commission proposed a number of policy and legal measures aimed at fostering the EU data-based economy.

  • 11 January 2017

    Just before Christmas, the European Commission approved new measures aimed at enhancing the fight against the financing of terrorism. The Council reached an agreement with the European Parliament about the new rules governing prospectuses. Since January 1, 2017, the Member States have the obligation to organise an automatic exchange of information about new national cross-border tax regulations.

  • 5 January 2017

    On 13 December 2016, the European Council approved the EU's legislative priorities for 2017. A few days later, the European Central Bank Banking Supervision published its supervisory priorities for the upcoming year. The same day, the Council presented the outcome of the EU 27 Heads of State or Government’s informal meeting.

  • 16 December 2016

    Last week, the European Commission welcomed an agreement to give companies easier access to capital markets. On 6 December, the European Council published the main results of its ECOFIN meeting. The next day, the Permanent Representatives Committee approved an agreement with the European Parliament on money market funds (MMFs). The Parliament and the Council also reached an informal agreement for allowing shareholders to vote on directors' pay.

  • 13 December 2016

    On November 22, 2016, the European Commission published a new European Regulation on insolvency. The European Commission also published a proposal for putting into place a recovery and resolution framework for Central Counterparties which are systemically important for the financial system. The European Parliament and the Council have approved a 1 year postponement of the application of the new regulation on PRIIPs.