News

  • 29 November 2016

    On 23 November, the European Commission presented a comprehensive package of reforms to further strengthen the resilience of EU banks. This proposal builds on existing EU banking rules and aims to enhance the regulatory framework to guarantee financial stability, while ensuring that banks can continue to support the real economy. Alongside the EU Bank Reform package, the Commission also published their analysis of the responses to the Call for Evidence: a public consultation on Europe’s regulatory framework for financial services.

  • 23 November 2016

    In the current post-Brexit era, one of the major challenges for the financial sector is to draw the attention at the attractiveness of Belgium and to attract adequate investments. So, we would like to point out the importance, if not the need, of drafting a Belgian Brexit Plan in support of our assets and priority aims and of avoiding any additional taxation of banking and financial activities. 

  • 17 November 2016

    The European Commission has taken a decision about a 1 year postponement of the coming into effect of the regulation on Packaged Retail and Insurance-based Investment Products.  On 10 November 2016,  rapporteur Esther De Langhe presented her draft report on the European Deposit Insurance Scheme. The next day, the European Parliament voted a resolution about Basel IV. Finally, the European Commission has created a Task Force Financial Technology.

  • 10 November 2016

    The European Commission has decided to create a group of experts in charge of sustainable financing. On November 3, 2016, the ECB launched a new consultation about the harmonisation of supervision measures to be applied to banks lying outside the scope of its direct supervision. Later that week, a number of tax related matters were discussed at the ECOFIN meeting and a public hearing on the European macro-prudential regulation also took place.

  • 28 October 2016

    On October 20 and 21, a European summit took place in Brussels. This week, European Commission president Juncker presented the Commission Work Programme for 2017. The European Commission also made new proposals on tax transparency, which were later debated for the first time in the European Parliament.  

  • 27 October 2016

    The use of Smart Contracts or electronic contracts will make it possible for the financial sector to save billions, according to Capgemini Consulting on the basis of its study about the developments in the field of blockchain and automated contracts.

  • 20 October 2016

    On October 12, 2016, the European Banking Authority (EBA) presented its activities scheduled for 2017. A couple of days later, the European Consumer Summit took place in Brussels. The major topic of this Summit was a streamlining of the European regulation on consumer protection.

  • 19 October 2016

    The International Monetary Fund (IMF) has recently published a new report on global financial stability. In this report, the organisation expresses its concern about the solidity of the European banks.

  • 14 October 2016

    On October 11, 2016, an ECOFIN meeting was held in Luxemburg and one of the issues on the agenda was the need for more transparency in tax matters. On September 28, 2016, the European Commission announced its plan for an extension of the current transparency register and the British government has declared it will wait until March 2017 before it activates Article 50 for the purpose of putting the Brexit into practice. 

  • 21 September 2016

    On September 14, European Commission President Juncker held his annual ‘State of the Union’ in the European Parliament and stressed the need for a full-scale Capital Market Union. At the Bratislava Summit, the 27 heads of state and government of the European Union discussed the future challenges for the European Union. The European Parliament has approved the appointment of Julian King as new Commissioner for the Security Union.

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