Emily O’Reilly, Europe’s Ombudswoman The European Ombudswoman has published her recommendation on Adam Farkas’ move from the European Banking Authority (EBA) to a financial lobby. Emily O’Reilly, the Ombudswoman, who is responsible for ethical issues in the EU institutions, comes to a crystal clear conclusion: this move to the investment banking lobby AFME should not…
Commission Executive Vice-President Valdis Dombrovskis on Tuesday presented proposals for a temporary reduction of capital requirements in the Corona crisis. The Commission wants to ensure that banks continue to provide credit to the real economy despite the crisis. The package of measures includes a proposal to compensate for the effect of the new accounting rules…
Parliament’s negotiating team reached a deal with the Council on Wednesday on EU-wide rules to help crowdfunding services function smoothly and foster cross-border business funding. The uniform set of criteria will apply to all European Crowdfunding Service Providers (ECSP) up to offers of EUR 5 000 000 (from EUR 1 000 000 proposed by the…
The EU needs its own anti-money laundering authority. This is acknowledged by the six finance ministers from Germany, France, Italy, Spain, the Netherlands and Latvia in a joint position paper. Olaf Scholz and his five counterparts want a European money laundering supervisory authority to coordinate and supervise national authorities in the financial sector and, if…
