Greece’s Prime Minister Alexis Tsipras will ask the Greek Parliament for a vote of confidence tomorrow. The reason for this call is the resignation of Defence Minister Panos Kammenos, chairman of the coalition partner of the right-wing populist party “Independent Greeks” (Anel), who resigned over the debate of renaming of Macedonia. The Macedonian parliament approved […]
Parliament strengthens European financial supervision, sustainable finance and consumer protection
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) today voted on the European Commission’s proposals to reform the European system of financial supervision. The legislative package includes the Regulation of the three European Supervisory Authorities (European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority), several pieces of […]
First hearing of the TAX3 Committee: Commission must put forward proposals for a European Anti-Money Laundering Authority
Today, the European Parliament’s new Special Committee TAX3 held its first public hearing on the fight against money laundering in the European banking system. Bank supervisors and anti-money laundering authorities from Latvia, Malta and Estonia, as well as representatives of the European Banking Authority (EBA), European Central Bank (ECB) and the Single Resolution Board (SRB), […]
Giegold calls on the ECB to perform a tough entry check for the Latvian Citadel Bank
After the closure of the ABLV bank in Latvia the Citadel Bank will be put as third largest Latvian lender under direct supervision of the ECB. MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group, wrote a letter to the ECB and calls for a rigorous entry check for financial crime: “After […]
Selmayr: Tough resolution
Below you find the resolution as voted yesterday and prepared by the services of the Parliament. MEP Sven Giegold, Parliament’s rapporteur on “transparency, integrity and accountability of EU institutions” commented: “This is a big blow for the Commission. A large majority calls on the European Commission to reopen the appointment procedure for the Secretary General. […]
Proposals of the EU Commission: Election of the President of the Commission must not be returned to the back room – Council needs more transparency
Tomorrow, the European Commission will present a proposal for reform of the EU institutions. POLITICO reported today in advance that the proposal on the EU’s ‘Spitzenkandidaten’ envisages the candidate “who first obtains a majority in the European Council and then in the European Parliament in accordance with the Treaty” to be elected President of the […]