Other news - February 2012

Single Market Act
Making the Single Market work better: boosting Europe's potential for growth


The Single Market celebrates its 20th anniversary in 2012. In the past 20 years, the Single Market has helped create millions of jobs and make Europe increasingly competitive. But the job is not finished. The Single Market needs to be constantly monitored and updated to make it work. Despite all the progress made, there are still many barriers to a fully functioning Single Market.


Banking sector
Commissioner Barnier appoints members of a High-level Expert Group on possible reforms to the structure of the EU banking sector


Commissioner Barnier has today appointed the members of the High-level Expert Group set to examine structural aspects of the EU's banking sector. The Group will present its final report to the Commission by the end of summer 2012.


Commissioner Barnier visits the United States
Commissioner Barnier visits the United States


Commissioner Barnier is on a two-day visit to the United States, to discuss with his American counterparts the state of play of the implementation of G20 commitments in the area of financial regulation.


money laundering
FATF adopts revised international standards against money laundering and terrorist financing


The Financial Action Task Force (FATF), an intergovernmental body with 36 members, and with the participation of over 180 countries, has adopted new standards aimed at strengthening global safeguards and protecting the integrity of the financial system against money laundering and terrorist financing threats. The European Commission will now take steps to ensure that these revised standards are rapidly incorporated into our own European framework.


International Organization of Securities Commissions (IOSCO)
Appointment of David Wright as the Secretary-General of IOSCO


Statement by Commissioner Michel Barnier welcoming the appointment of David Wright as Secretary-General of the International Organization of Securities Commissions (IOSCO).


two years of Commissioner Barnier's mandate as Commissioner
Two years of tackling the economic crisis


Today marks two years of Commissioner Barnier's mandate as European Commissioner responsible for Internal market and Services. The diagnosis drawn up at the beginning of last year still holds true: Europe cannot simply take defensive measures in response to the crises, however important these may be, it must also give Europeans the opportunity for new growth.


European Foundations
Commission proposes a European Foundation Statute


European Foundations will have legal personality and legal capacity in all Member States. This new status will allow them to carry out activities and channel funding within the EU in an easier and less costly way. It will also allow foundations to benefit from more visibility to promote their activity and attract more funding thanks to a European label.


Your Europe Advice
Your Europe Advice receives its 100,000th enquiry


Your Europe Advice is a service offered by the European Commission that allows citizens and businesses to ask questions about their EU rights. The 100,000th enquiry came from a Spanish woman who wanted to know about her right to access medical treatment and hospital care in the Netherlands. "I did not expect to receive the reply so quickly", said the woman. "And it was very easy to understand, without legal jargon".


Intellectual property right
Intellectual property rights: Winners of "Hands off my Design" competition announced


Counterfeiting and piracy are a growing threat for the economy. In order to draw attention to this phenomenon the European Observatory on Counterfeiting and Piracy launched an EU-wide contest named "Hands off my Design". Design students and professionals were asked to submit posters and videos.