Revelations on Neelie Kroes: Outstanding negative example of corrupting trust in politics A new investigation of the International Consortium of Investigative Journalists (ICIJ) reveals that former EU Commissioner Neelie Kroes has breached the EU Commission’s Code of Conduct by withholding information about her participation in an offshore company in the Bahamas. A whistleblower shared […]
Expert consultation: proportionality in banking regulation
Since the culmination of the financial crisis, more than 400 laws and implementing rules have been adopted or fundamentally revised. In particular smaller institutions and providers suffer from the quick introduction of so many new rules. During the legislative procedure we have achieved to take many special needs of smaller institutions into account. Ahead of […]
ITCO Press Statement: EP loses credibility by postponing transparency vot
The ITCO intergroup urgently calls on the EPP, S&D and ALDE groups to no longer block the vote on the transparency report, so the European Parliament can vote in favour of more transparency and integrity in the EU. A majority of EPP, S&D and ALDE blocked this week’s vote on the report on Transparency, Accountability […]
Financial Services: First corrective detention class for the Commission – European Parliament rejects rules for complex financial products (PRIIPs)
Currently, European Parliament, Commission and Council are in the course of implementing a crucial pillar of financial service regulation: the rules for a key information document (KID) for retail financial products, which European Parliament and Council adopted in 2014 under the regulation on key information documents for packaged retail and insurance-based investment products (“PRIIPs regulation”). […]
Conservatives blocking lobby transparency and moves to sanction conflicts of interest in the European Parliament
The Constitutional affairs committee was invited to vote Monday 12 September on the report for ‘Transparency, Accountability and Integrity in the EU institutions’. Yet the Conservatives (EPP) asked for a postponement of the vote and eventually received the support of Liberals and Social Democrats. The Grand Coalition in the Committee postponed the vote without setting […]
Conservatives are blocking lobby transparency and sanctioning conflicts of interest in the European Parliament: invitation to telephone press conference Tue 13 Sep 11:30h
The Constitutional affairs committee was supposed to vote today, Monday 12 September, on my report including more lobby transparency and stricter rules for the integrity of Members of the European Parliament. The draft compromises included a ‘legislative footprint’ and empowering the ethics committee of the European Parliament which so far had no effects. The conservatives […]