News

  • 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.

  • 30 November 2016

    BEAMA, the Belgian Asset Managers Association, would like to draw your attention at the recently developed standard for the exchange of data between asset managers and insurance companies.

  • 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.  

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