The EU is now developing its own black list of money laundering par havens. Last Tuesday, the European Commission published its methodology to identifying high-risk third countries for money laundering and terrorist financing. Since the Fourth Money Laundering Directive, adopted in 2015, the Commission has had the task of adopting, through delegated acts, a […]
Briefing: European Parliament’s Bureau decides new rules for the General Expenditure Allowance on Monday 2 July 2018
Dear journalists, After months of discussions, the European Parliament’s Bureau will vote on a reform of the rules for the General Expenditure Allowance (GEA), the 4.416 EUR per month each of the 751 MEPs receive for office supplies, IT and similar cost. So far, keeping receipts is only a recommendation and controls are forbidden […]
Success: European Parliament calls for tough legislative changes after money laundering scandals
The European Parliament’s Economic and Monetary Affairs Committee voted this Tuesday on a comprehensive legislative package to reform European banking rules (CRD, CRR, BRRD). These include Green proposals to facilitate the fight against money laundering in the banking union and to ensure legal certainty in the event of the insolvency of institutions. Before the rules […]
Reform of European Banking rules: EU Parliament votes for noticeable simplifications for small institutions
Ladies and gentlemen, Dear followers of financial industry and financial markets, This Tuesday, the European Parliament’s Economic and Monetary Affairs Committee (ECON) voted on a comprehensive legislative package to reform European banking rules (CRD, CRR, BRRD). This includes numerous measures to reduce the bureaucratic burden for small institutions. This is in line with our […]
European consumer protection in financial markets: breaches of EU-law and mis-selling of financial products
Representatives of the European Commission, national and European financial supervisory authorities and European consumer protection organisations were present for today’s public hearing in the European Parliament’s Economic and Monetary Committee (ECON) on mis-selling of financial products. The hearing is based on five studies on mis-selling of financial products commissioned by the ECON committee on the […]
Policy adviser for the ECON and TAX3 Committees
Vacancy Notice – Policy adviser for the ECON and TAX3 Committees Contractual agent, FG III This is to inform you that the Greens/EFA group in the European Parliament is looking for a full-time maternity leave replacement for the position of Policy adviser to the ECON and TAX3 Committees (fixed-term contractual agent contract of 6 months […]