Here you find a short version of the study commissioned by my colleague Dr. Franziska Brantner and me, written by René Repasi from the Institute of German and European Corporate and Business Law, University of Heidelberg: “Legal issues of the Single European Supervisory Mechanism” Key findings: A. A full-fledged single supervision mechanism which is democratically […]
Financial markets and products (MiFID) MEPs take steps to tackle commodity speculation but consumer protection undermined by Socialist u-turn
The EP’s economic affairs committee today voted on important legislative proposals on the regulation of the market for financial instruments (MIFID). While MEPs took tentative steps to strengthening proposals on high frequency trading and commodity speculation, the Greens are shocked by the last minute weakening of provisions on consumer protection by the S&D group. In […]
EU banking union: European banking supervision plans welcomed but democratic checks must be guaranteed
The European Commission today presented legislative proposals aimed at providing for a supervisory system for European banks, as well as a communication on European deposit guarantee and banking resolution schemes, another key element of the proposed European banking union (1). The Greens are in favour of strong banking supervision rules but cautioned on the need […]
Request for Proposals “Shadow Banking”
The European Parliament is now preparing its position on shadow banking. In an own-initiative report, the EP adopts own measures even before the Commission submits its legislative proposals. Here you can find the draft report of the socialist rapporteur Saïd El Khadraoui. At the beginning of next week we as Greens will start to prepare our amendments under […]
EU tax rules: MEPs vote to toughen EU rules and clamp down on tax dodging practises by business
The European Parliament today adopted its opinion on draft EU legislation on interest and royalty taxation (1). MEPs voted in favour of toughening EU measures with a view to outlawing tax avoidance schemes currently employed by businesses, as well as for effective minimum taxation of cross border interest and royalty payments within the EU. The […]
Euro crisis/sovereign debt: ECB again forced to fill vacuum left by EU political leadership but democratic concerns persist
Commenting on the announcement by the European Central Bank of its intention to reactivate a scheme to buy governments bonds from Eurozone members in economic difficulty (1), Greens/EFA economic and finance spokesperson Sven Giegold (MEP, Germany) said: “The ECB has been again forced to fill the vacuum resulting from the persistent failure of the […]