News

  • 22 September 2017

    To unlock the full potential of the EU data economy, the European Commission has proposed a new digital package, including a new set of rules to govern the free flow of non-personal data in the EU. A wide-ranging set of measures to build strong cybersecurity in the EU is also on the table in order to equip Europe with the right tools to deal with cyber-attacks.

  • 15 September 2017

    On 13 September 2017, the President Jean-Claude Juncker of the European Commission delivered his annual policy speech on the State of the European Union at the European Parliament in Strasbourg. In his speech Juncker takes stock of Europe's current political and economic landscape. He urges the European Union to stay on the same course as in the previous year and calls for a more united, stronger and more democratic Union.

  • 31 August 2017

    With effect from 1 October 2017, Karel Van Eetvelt will become the new CEO of Febelfin and the Belgian Bankers' and Stockbroking Firms' Association (ABB-BVB). As the new CEO, he will be entrusted with the task of making Febelfin and ABB-BVB future-oriented entities. With the financial sector facing considerable challenges and change, Febelfin and ABB-BVB will have to be ready, more than ever, to help the sector deal with these new demands and to create an environment that ensures a sustainable future.

  • 28 August 2017

    On Augustus 4, 2017, the European Banking Authority published a discussion paper on its approach to FinTech. A few weeks later, the European Commission launched a public consultation on post-trade in a Capital Market Union: dismantling barriers and strategy for the future.

  • 19 July 2017

    On 7 July 2017, the Council, appointed Mariya Gabriel as the new commissioner for digital economy and society. A few days later, EU Finance ministers met in Brussels to adopt conclusions on the Commission's review of the EU's capital markets union action plan, and on non-performing loans in the banking sector.  The Council also issued its 2017 recommendations and opinions on the member states' economic, employment and fiscal policies.

  • 10 July 2017

    Over the next 6 months, the Estonian presidency will focus on 4 important areas: an open and innovative European economy, a safe Europe, a digital Europe and free movement of data, and an inclusive and sustainable Europe. As announced in the interim evaluation of the digital single market, the European Commission will increase its efforts to close the gaps in the current cybersecurity framework.

  • 27 June 2017

    The European Commission imposes stricter supervision for central counterparties. During the ECOFIN meeting on June 16th, the Council agreed on its position on IFRS 9 and a unsecured debt instruments. The Brexit negotiations started June 19th.

  • 16 June 2017

    On 30 May 2017, the European Parliament, Council and Commission reached agreement on proposals aimed at facilitating the development of a securitisation market in Europe. A day later, the Commission presented a reflection paper on the deepening of the Economic and Monetary Union. Furthermore, on  8 June, the Commission presented its Mid-Term Review on the Capital Markets Union.

  • 1 June 2017

    On April 29, President Tusk called a special European Council to adopt the EU’s negotiation guidelines for Brexit talks. At last week’s ECOFIN meeting, a range of tax-related issues were discussed. Furthermore, on May 17, the European Parliament adopted an own-initiative report on FinTech.

  • 7 April 2017

    Last week, the European Parliament published an article explaining the next steps following the implementation of Article 50 of the Treaty of the EU. A couple of days later, AFME presented a report on the challenges of Brexit for wholesale banking. In addition to these Brexit related topics, the European Commission decided to prohibit the proposed merger between Deutsche Börse and the London Stock Exchange Group. On April 4, the ECB announced the circulation of a new and safe €50 banknote. One day later, the EBA published its updated Risk Dashboard summarising the main challenges for the EU banking sector.

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