News

  • 7 February 2018

    On January 23rd, the European Ministers of Finance met in the Economic and Financial Affairs Council (Ecofin) to discuss the deepening of the European Monetary Union. The Council dealt with the EU’s list of non-cooperative jurisdictions regarding tax governance, as well as the Commission’s annual growth survey and alert mechanism report. On January 29th, the General Affairs Council further discussed Brexit negotiations. Lastly, on January 31st, the European Commission’s High-Level Expert Group on Sustainable Finance (HLEG) published its final report.

  • 2 February 2018

    There is not a day that passes without us feeling the impact of technological development and changing consumer behaviour on our economy. Striking taxi drivers, restructuring exercises at big retailers but also in other companies … And when it comes to the financial sector, the decreasing number of local bank offices.

  • 11 January 2018

    On January 1st, 2018, a decade after its accession to the EU, Bulgaria has taken over the rotating Presidency of the Council of the EU for the first time. During its Presidency, Bulgaria will strive towards achieving future-oriented and realistic results in four key areas, such as economic growth and digital economy.

  • 18 December 2017

    A Eurogroup meeting took place on December 4, inter alia, to elect a new President. The Finance Ministers of the EU Member States met on December 5 in Brussels to discuss an EU list of non-cooperative tax jurisdictions, digital taxation, VAT on e-commerce and several proposals regarding the Banking Union. The European Council adopted legislative texts on bank creditor hierarchy and IFRS 9 rules.

  • 15 December 2017

    A roadmap for the coming period, the creation of a European Monetary Fund, the transposition of the ESM Treaty into EU law, new budgetary instruments for the euro area and an EU Minister of Finance. Those were the proposals the European Commission put forward on December 6th to strengthen the European Monetary Union.

  • 7 December 2017

    Today, the Basel Committee on Banking Supervision (BCBS) reached an agreement on the finalisation of “Basel III”, an international regulatory framework that places particular emphasis on enhanced and harmonised capital and liquidity requirements for banks.

  • 5 December 2017

    On November 22nd, the European Commission presented its autumn package of economic and social priorities for the EU, the euro area and the EU Member States, in the context of the European Semester. A few days later, the European Commission set out the rules governing electronic payment transactions that aim to modernise payment services in Europe. On November 30th, the European Parliament reached an agreement on creditor hierarchy, IFRS 9 and large risk exposures, in light of measures aiming to reduce risk in the financial sector.

  • 27 November 2017

    On November 20th, the EU27 ministers chose Paris as the new location for the European Banking Authority (EBA) and Amsterdam for the European Medicines Agency (EMA). The General Affairs Council also approved new securitisation and cyber security rules on the same day.

  • 20 November 2017

    The EU Ministers of Finance met on November 6th, 2017 to discuss the further development of the Banking Union. The next day, the finance ministers discussed improved VAT rules to promote e-commerce and online businesses. On November 13th, the Commission launched a public consultation on how asset managers and institutional investors can implement environmental, social and governance aspects, among other things, in their decision-making.

  • 15 November 2017

    Today, the Energy Efficient Mortgages Action Plan (EeMAP) Initiative takes another concrete step forward with the second in a series of national Roundtable events, this time focussing on Belgium. The event, organised in Brussels in cooperation with the Flemish Construction Confederation (VCB), brings together experts from the Belgian and European banking, construction, valuation and engineering sectors with a strong interest in building energy efficiency and its financing.

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