Dear friends, dear interested, The European Court of Auditors announced that it will scrutinise the effectiveness of the European anti-money laundering supervision in the banking sector by means of an audit report. In doing so, the Court will examine the implementation of EU legislation in the Member States, the management of risks to the internal […]
Animal transports: European Parliament sets up inquiry committee after legal action by Greens
Dear friends, Today is a good day for animal welfare! The European Parliament decided on Thursday to set up an inquiry committee to control animal transports in the EU. We Greens have been calling for this committee since the past legislative period. 2018 however, a coalition of conservatives, social democrats and liberals has prevented this […]
EU Parliament establishes permanent subcommittee on taxation and financial crime: Green success at the right time
Today the leaders of the European Parliament’s political groups in the Conference of Presidents decided to set up a permanent subcommittee on tax-related issues in the framework of the Committee on economic and monetary affairs. The committee will deal with tax fraud, tax evasion, tax avoidance and tax transparency. This will provide Parliament with permanent […]
Final report on the future of the Capital Markets Union: Many industry wishes, no European vision
Today, the EU Commission’s high-level expert group published its final report with recommendations for the further development of the European Capital Markets Union. The group consisting of experts from authorities, the financial businesses and a few consumer and investor protection groups was set up after the Capital Markets Union project had made little progress in […]
Centeno’s successor: Eurogroup leader should be European rather than national politician
Mário Centeno resigns as Portuguese finance minister. This also makes the post of the Eurogroup President vacant that Centeno is currently holding. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group commented: “The replacement of the Eurogroup President should be used to reform this position. If you are the head of the […]
Wrong answer to the crisis: Easing of capital rules without obligations on banks
With the so-called “CRR quick fix” of the capital adequacy rules, European banks are to be granted far-reaching capital relief in the Corona crisis. After the EU Commission had submitted a proposal at the end of April, the Committee on Economic and Monetary Affairs (ECON) of the European Parliament today adopted its revised version. The […]