Informal meeting of ECOFIN Ministers in Dublin: extracts from the final press conference
Lieu: Dublin, Ireland - Dublin Castle
End production: 13/04/2013 First transmission: 13/04/2013
The informal ECOFIN, the key finance and economic event of the Irish Presidency of the European Union took place in Dublin Castle on 13 April, where significant progress was made on advancing key issues.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Arrival of the speakers
SOUNDBITE (in English) by Michael Noonan, Irish Minister for Finance: We had a useful and timely discussion today on the issue of tax transparency, combating tax evasion and fraud in an international context. Ministers and the governors adopted on recent developments in initiatives on this area. There are currently arranged proposals initiatives on the table that the Irish presidency has been working hard to finalise. Agreement on these proposals would be a significant step forward in this area. In light of recent events the Irish Presidency will step our efforts on the currently savings directive and the negotiated mandate for third countries
||SOUNDBITE (in English) by Michel Barnier, Member of the EC in charge of Internal Market and Services: With regard to financial centres that within in the EU's territory, which specifically is something I want to speak about, first of all the new update review of the anti-money laundering directive is going to be an unchanged tackle this effective benefice which is better to identify penalties, strengthen new sanctions, dealing with different specifics situation on the specifics when just brought up beneficial ownership, complex legal structures that can to hide the real identity to holder. This is something we will be dealing with.
||General view of the press conference
||SOUNDBITE (in English) by Vítor Constâncio, Vice-President of the European Central Bank (ECB): The ecb is going to have more directive responsibility over the more important banks in Europe and most of this banks are cross-border banks, they have activities in several European banks and some of them even worldwide. As a complement of supervision we need also resolution that can deal in effective way with resolution if need it of corss border banks.
||Large view of the speakers