The Board of Supervisors of the European Banking Authority (EBA) today issued conditions for the change of its acting Executive Director Adam Farkas to the Lobbying Association of Major European Banks (AFME). According to the agreement, Farkas will not be allowed to participate in AFME’s lobbying of the EBA for the first two years. Farkas […]
Green light for a permanent tax committee
Last night, coordinators in the Economic and Monetary Affairs committee of the European Parliament agreed to create a permanent sub-committee on tax and financial crime. The Conference of Presidents of the Parliament will now need to approve the sub-committee and the precise mandate has yet to be agreed. The sub-committee follows on from three special […]
EBA executive director shall become bank lobbyist: massive damage to banking supervision’s reputation
The Executive Director of the European Banking Authority (EBA), Adam Farkas, will join the Lobbying Association of Major European Banks (AFME) and become its CEO. Farkas had previously tried in vain to become head of the EBA. Most EBA staff learned of the imminent change through a media report (https://news.sky.com/story/top-eu-regulator-farkas-to-head-banking-lobbying-group-afme-11793826). MEP Sven Giegold, financial and […]