Sven Giegold


Reform of European banking rules: No noticeable reduction of risks in the financial sector

The European Parliament’s Committee on Economic and Monetary Affairs today voted on a comprehensive legislative package to reform European banking rules (CRD, CRR, BRRD). The revision is intended to implement the Basel rules agreed at international level, to clarify existing EU laws and to align the requirements more closely with the size and business model […]


Green study sheds light on hidden subsidies for Europe’s banks

The Greens in the European Parliament have recently released a study which aims to shed light on the subsidies and likewise the gains, which banks implicitly obtain due to the expectation that governments will rescue struggling credit institutions with tax payers money anyway. Creditors take this behaviour of the state into account and therefore lend […]