Here you can download the presentations of the discussants: Oliver Krischer Dorothee Saar Bas Eickhout The dieselgate scandal is a case of unprecedented corporate crime and government failure. Acting in a deliberately criminal way, car companies and their suppliers caused dramatic harm not only to the customers’ purse, but also to public health. The […]
Expert consultation: Breach of EU consumer protection law in financial services regulation
Despite some progress in financial market regulation, we are regularly confronted with breaches of EU consumer protection law in the distribution of financial products. The negative impact on the stability of the financial system is evident in the possible bail-in of creditors of Italian banks. The losses that retail clients have to face are just […]
Money Market Funds: Species protection for shadow banks
This Wednesday, the European Parliament approved the results of the trialogue on the regulation of money market funds. The Greens/EFA Group has voted against the new rules because they do not effectively regulate the risky activities of shadow banks. Some money market funds, known as “Constant Net Asset Value Funds” (CNAV), promise their investors […]
Panama Papers: One year on, Member States need to stop blocking tax reforms
Today (Monday 3 April) marks the one year anniversary of the publication of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ). It is time for EU Member States to stop blocking progress on tackling tax evasion and money laundering, says Greens/EFA member of the Panama Papers inquiry committee, Sven Giegold. “The biggest […]
Brexit letter: UK cannot decide on EU financial market regulation from outside the EU and should end all tax haven policies
Yesterday, 29 March 2017, Prime Minister Theresa May sent the formal notification about the UK’s intention to leave the EU to president of the European Council, Donald Tusk. In this letter she proposed “a bold and ambitious Free Trade Agreement” including “that it covers sectors crucial to our linked economies such as financial services […]
PRIIPS fast-tracked
This Monday evening the economic and monetary affairs committee (ECON) has voted a motion for an early non-objection for the delegated act on the PRIIPS regulation. This has now to be confirmed by the plenary and the Council in order to clear the way for implementation. Both are rather formalities as the ECON vote […]