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…
In its ruling yesterday, the German Constitutional Court declared the ECB decisions on the bond purchase programme (PSPP) to be in breach of competences. The judges declared the previous positive preliminary decision of the European Court of Justice to be incomprehensible and thus arbitrary, because the Court had excluded the economic effects of the programme…
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…
On Friday, the Maltese justice confirmed criminal investigations because of suspected money laundering investigations against inter alia the Maltese finance minister Edward Scicluna. Last night Keith Schembri, the ex-chief of cabinet of Malta’s Premier Joseph Muscat, has been released from arrest. The appeal of Finance Minister Edward Scicluna, ‘self-suspended’ minister Chris Cardona and former Tourism…
Businessman Yorgen Fenech has been arrested in Malta in connection with the murder of journalist Daphne Caruana Galizia two years ago. According to media reports, he was arrested when he attempted to leave the island with his yacht. Fenech is the owner of the company “17 Black”, which appears in the “Panama Papers” with connections to Tourism…
