• 16 February 2016

    At the ECOFIN meeting on February 12, 2016, the European Ministers of Finance reached an agreement on a concrete time schedule for the implementation of the measures in the fight against the financing of terrorism and tax evasion and took a closer look at the 2017 EU budget. A couple of days later, the European Commission made the ‘Online Dispute Resolution Platform’ operational.

  • 9 February 2016

    On February 3, the European Commission presented an Action Plan to strengthen the fight against terrorist financing. A couple of days later Andria Enria, Chairperson of the European Banking Authority, touched on the challenges that still lie ahead for the Authority in 2016.

  • 2 February 2016

    The newly created REFIT platform has held its first meeting and in the future, it will take care of examining the suggestions coming from citizens, civil servants and entrepreneurs for the sake of a more adequate European regulation. On January 25, 2016, the Economic and Financial Committee of the European Parliament held a public hearing about virtual coins. A couple of days later, the European Commission presented the Anti-Tax Avoidance package for a coordinated fight against fraud based on tax regulation. 

  • 18 January 2016

    The European Council has recently set out its work programme for the next 18 months. The Single Resolution Mechanism has entered into force on January 1st 2016. Two weeks later, the Ministers of Finance held an ECOFIN meeting.

  • 15 January 2016

    Small and medium-sized enterprises (SMEs) play an important role in our society. They are the driving force behind innovation and competition in the economy. However, SMEs need adequate funding if they want to play a decisive role in the economy. This funding entails various challenges. 

  • 17 December 2015

    Last week, the Luxembourg presidency of the European Council reached an informal agreement with the European Parliament on common rules to strengthen network and information security (NIS) across the EU. On December 8th 2015, the Ministers of Finance held an ECOFIN meeting. A few days later the European Commission launched a consultation to look at retail financial services from the perspective of European consumers in order to boost competition, transparency and choice.

  • 8 December 2015

    On November 30th 2015, the European Council announced that the Single Resolution Mechanism will enter into force on January 1st 2016. The same day, the European Commission published a proposal to overhaul the prospectus directive. This directive should improve access to finance for companies and simplify information for investors. A few days later, the Council agreed on the Securitisation package, which will be the first building block of the Capital Markets Union. 

  • 1 December 2015

    Last week, the European Commission published its proposal on the European Deposit Insurance Scheme. On November 24th 2015, the European Banking Authority revealed the outcome of its 2015 EU-wide transparency exercise. One day later, the European Parliament and Council reached an agreement on the regulation of financial benchmarks.

  • 23 November 2015

    Last week, the Group of 20 Leaders’ came together at the Antalya Summit 2015. On November 16th 2015, the European Council adopted updated rules for electronic payment services. On the same day, the Council also agreed on new transparency rules on securities financing transactions.

  • 16 November 2015

    On November 2nd 2015, Danièle Nouy gave a speech about the first year of the Single Supervisory Mechanism. During the European Council meeting of November 10th several items were debated such as Capital Markets Union, Banking Union, Single Resolution Mechanism – Bridge Financing, the “Five Presidents Report” and Climate Change. One day later the European Commission held an orientation debate about the next steps needed to complete the Banking Union.