New data published by the Greens/EFA Group reveals the amount of housing being bought up and controlled as investment assets by large firms across Europe. The study, My home is an asset class: The Financialization of Housing in Europe, shows how investors, facilitated under the capital markets union, are rapidly buying up significant amounts of living…
The European Commission has published its proposal to reform banking regulation, inline with international agreements on banking regulation (Basel III). The revisions to the Capital Requirements Directive and Capital Requirements Regulation are aimed at preserving financial stability by addressing the systematic underestimation of risks, and ensuring that banks have sufficient capital to avert another crisis…
Members of the European Parliament have voted on a report on the Pandora Papers, in the wake of the revelations by the ICIJ and others into global tax avoidance, evasion and money laundering. The report was an initiative of the Greens/EFA Group. For the first time, this report sees the European Parliament condemn the role…
EU finance ministers have agreed on an updated EU list of tax havens. Despite the latest Pandora Papers revelations, the list has been shortened with Anguilla, Dominica and the Seychelles having been removed from the list. The Greens/EFA Group successfully secured a plenary debate on the Pandora Papers for October 6. Also on Thursday, MEPs will…
CPMR Member Regions came together on 26 March for their spring Political Bureau meeting, with a strong focus on the role of regions for European recovery. As worrying signs on the lack of consultation and future involvement of regional authorities emerge in the drafting process of national recovery plans, the CPMR is sounding the alarm…
An informal meeting on Thursday of EU (COMPET) ministers is expected to give the greenlight to corporate tax transparency measures, known as country-by-country reporting (CbCR). The file, which has been blocked in the Council for the last five years, is long overdue and will mean large companies with a turnover of more than €750 million…
The European parliament’s Committee for Economic and Monetary Affairs (ECON) of the European Parliament has adopted its position on the so-called “MiFID quick fix” which amends the Markets in Financial Instruments Directive (MiFID). The MiFID sets the key rules for stock exchanges, financial trading platforms, consumer protection in financial markets and rules for the speculation…
