An agreement was reached this morning between the European Parliament and Council on new EU rules on bank resolution and the creation of single mechanism for banking resolution. European Parliament negotiators have secured major improvements to the single resolution mechanism that was on the table from EU governments, ensuring it will be simpler, more European […]
FT: France and Germany squabble over who pays for EU banking union
Financial Times, 17. März 2014 France and Germany squabble over who pays for EU banking union By Alex Barker in Brussels France and Germany are squabbling over who should foot the bill for Europe’s banking union, with Paris fearing its banks will pay the biggest share towards a €55bn rescue fund. As the EU enters […]
Join the Climate Demonstration in Brussels
On March the 20th European Heads of State will meet to discuss EU climate policy. On this occasion, the Greens/EFA group will join a demonstration organised by a couple of NGOs. We will be there to show that we are frustrated with the lack of urgent action and that we need a real energy revolution. I […]
Banking Union: MEPs lay out final offer on bank single resolution mechanism
The lead MEPs in charge for the second pillar of banking union, the single resolution mechanism, have begun preparing texts for Parliament’s April plenary vote. These texts will take on board concerns of some member states in a spirit of compromise, while at the same time maintaining a credible and fair system, able to reach […]
Investment fund rules (UCITS): Deal improves investor protection against reckless risk taking
The European Parliament and Council today reached agreement on draft EU legislation on investment funds (the UCITS V directive), a sector that is valued at almost €6.3 trillion. The legislation, which is being shepherded through the European Parliament by Green draftsperson/rapporteur Sven Giegold, will now enter into law following final endorsement by Parliament and Council. […]
ECON report on enhancing the coherence of EU financial services legislation
Dear friends and colleagues, The Economic and Monetary Affairs Committee (ECON) of the European Parliament has published a report on measures of how to enhance the coherence of EU financial services legislation. The ECON Committee held a public consultation on that topic in 2013 and the resulting conclusions and intended steps are presented in the report. […]