Journalists from over 30 countries have published data of approximately 130,000 persons involved in tax haven companies or activities aiming at tax evasions or avoidance (1). This gave a new boost to the debate on tax justice and untransparent international financial transactions, which had last been triggered by the FATCA initiative in the US.(2) FATCA […]
Breakfast on insurance mediation: Benefitting from the potential of Scandinavian experiences
On March 20th 2013, Sven Giegold MEP (Greens) and Olle Schmidt MEP (Liberals) invited to a working breakfast to discuss how we can benefit from the Scandinavian market structures and remuneration policies in insurance mediation, against the background of the recast of the the Insurance Mediation Directive (IMD II). We learnt from the interventions that […]
World Social Forum in Tunis
Dear friends, From 26 until 31 March, I will attend the World Social Forum in Tunis, Tunisia. The first World Social Forum took place in 2001. It is designed to create a platform for the exchange of ideas between people from all over the world. The program offers a huge diversity of topics and covers issues […]
Investment fund rules (UCITS)
Bonuses for fund managers to be capped among wider investor protection in new draft EU rules
The European Parliament’s economic and monetary affairs committee today voted to revise draft EU legislation on investment funds (the UCITS directive), with a total sector value of almost € 6.3 trillion in funds. The vote on the legislation, which is being shepherded through the European Parliament by Green draftsperson/rapporteur Sven Giegold, also includes provisions on […]
EU banking union
Landmark banking supervision deal includes key provisions on democratic accountability
An agreement on new EU legislation creating a European banking supervision mechanism was reached in negotiations between the European Parliament, Council and Commission today. The Greens welcomed the outcome on the two legislative files on banking supervision, with Green finance spokesperson Sven Giegold, who is draftsperson/rapporteur for the EP on the European Banking Authority supervision […]
Economic governance – 2 pack: EP signs off new rules providing sounder EU economic governance and crisis response
The European Parliament today adopted a final agreement on key legislative proposals aimed at further strengthening economic governance in the Eurozone. The Greens welcomed the legal provisions increasing democratic oversight over countries under assistance as well as the commitment by the Commission to outline proposals on further steps towards the mutual issuance of sovereign debt […]