Dear friends, Dear interested, During the last exchange in ECON with SRB chair Elke König, I reached a small but interesting step towards more transparency in European banking resolution. Much of the work of Europe’s banking resolution authority, the Single Resolution Board (SRB), is notoriously opaque. The resolution plans of the large European banks and […]
Stocktake of the German Council Presidency: Negatives outweigh the positive
Dear friends, Dear interested, The six-monthly rotating presidency of the Council of Ministers is an opportunity for the Member States to influence European policy for years to come. Only every 14 years or so does each national government have the chance to shape the fate of the EU so directly. Unfortunately, our stocktake after […]
Setback for gender equality: Committee confirms Frank Elderson for ECB Governing Council
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 […]
Webinar “Deregulation For Future? – An agenda for financial regulation during the pandemic & beyond” – Tue, 10 Nov 8-10 pm CET
Recording here: By loading the video, you accept YouTube’s privacy policy.Learn more Load video Always unlock YouTuben +++ 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 […]
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 […]