Today, on 10 November 2020, the Committee on Economic and Monetary Affairs (ECON) of the European Parliament voted in favour of Dutchman Frank Elderson to succeed Yves Mersch on the Executive Board of the ECB (33 in favor, 21 against, 3 abstentions). Greens, Socialists and the Left had strongly criticised the lack of female candidates […]
New ECB Executive Board member: Eurogroup refuses gender-balanced selection procedure
On Monday 9 November, Dutchman Frank Elderson will appear before the European Parliament’s Committee on Economic and Monetary Affairs (ECON) for a hearing. Mr Elderson is to succeed Yves Mersch on the Executive Board of the ECB. Following the Eurogroup’s selection of Elderson as a candidate in early October, the Governing Council of the ECB […]
Invitation: Webinar “Social Economy’s vision for a Green and Fair transition”, Tuesday, 10 Nov 2020, 12:00 – 14:00 CEST
Register here now! The agenda can be found here: Dear friends, dear interested, The European Green Deal is the centre-piece of the EU’s push to a greener and fairer future. In order to achieve both, a green but also socially fair transition, Social Economy must be at heart of the Green Deal and Europe’s […]
Webinar “Deregulation For Future? – An agenda for financial regulation during the pandemic & beyond” – Tue, 10 Nov 8-10 pm CET
Recording here: +++ New date after prior cancellation +++ Dear friends, dear interested, The Covid-19 pandemic has triggered unprecedented financial policy responses. While central banks supported markets at previously unthinkable scale, regulators worldwide rushed to lower prudential requirements for banks and other financial actors. In the European Union, further deregulatory legislation is already in the […]
Council position on combating money laundering: Step in the right direction but not ambitious enough
Today the Council of EU Economic and Finance Ministers presented its conclusions on the European Commission’s action plan on combating money laundering and terrorist financing. In these conclusions, the Council of Ministers welcomes the plans to transpose parts of European anti-money laundering legislation into a directly applicable regulation, thereby eliminating the current patchwork of unequal […]
ESMA report on Wirecard reveals deficits at BaFin
Today, 3 November 2020, the European Securities Markets Authority (ESMA) presented its long-awaited report on the role of the German financial supervisor BaFin and the German Financial Reporting Enforcement Panel (FREP) in the Wirecard accounting scandal. In Germany, BaFin and FREP are jointly responsible for the enforcement of financial reporting. ESMA publishes guidelines aimed at […]