Dear friends, dear interested, The sale of European citizenships in Cyprus is a significant security risk for the EU and opens Europe to criminals. What had been feared for a long time has now been confirmed by a report by Al Jazeera for the case of Cyprus. The journalists have analysed leaked data from over […]
McGuinness to become Irish Commissioner: A convinced European for financial markets – questions remain
This morning, Commission President von der Leyen has proposed Mairead McGuinness as candidate to succeed the resigned Irish Commissioner Hogan to the Council and the European Parliament. McGuinness’ portfolio is financial services, financial stability and capital markets union. Commission Vice-President Dombrovskis takes over the trade portfolio from Hogan. The Irish government had proposed to the […]
European Parliament calls for tough examination of the Wirecard scandal and the failure of German supervisor BaFin
The Legal Affairs Committee and the Economic and Monetary Affairs Committee of the European Parliament have sent a joint letter to the EU Commission on Wirecard and European auditing rules. The letter was prepared by the coordinators of both committees. The EU-Commission is asked to closely examine the events surrounding the Wirecard bankruptcy, assess the […]
The crazy labyrinth of European bank aid rules
Dear friends, dear interested, This chart is a must for everyone professional or interested in financial markets! When states in Europe rescue banks, there is no fixed template. Instead, there are countless ways to reach the questionable goal in the messy maze of European rules. In technical jargon, the various methods of bank rescue are […]
Great success in the fight against money laundering: European Parliament puts forward powerful measures
Yesterday, 9th July, the European Parliament adopted its amendments to the resolution on the fight against money laundering. It is considered certain that the text will be finally adopted this afternoon by a large majority of Christian Democrats, Socialists, Liberals, Greens and far Left. This resolution is a huge success for the European fight against […]
Chemicals strategy: European Parliament calls for paradigm shift for a toxic-free environment and ecological transition of the chemical industry
This Friday, ahead of the presentation of the European Commission’s “Chemicals Strategy for Sustainability”, announced for October 2020, the European Parliament is calling for a tightening of chemicals policy and concrete ban on toxic chemicals in a resolution initiated by the Greens/EFA Group. Endocrine disruptors in cosmetics, toys and food packaging and long-lasting fluorochemicals in […]