Other news - June 2012
The European Commission has today set out the detailed rules aimed at reducing the risk of settlement failures linked to naked short selling, as well as the means by which market participants should disclose significant short positions to the market.
Council and Parliament agree on Commission proposals on European venture capital funds and European social entrepreneurship funds
"This agreement sends an important signal that taking concrete measures to aid growth in Europe is at the heart of our work". Commissioner Barnier welcomes trilogue agreement by Council and Parliament on European venture capital funds and European social entrepreneurship funds.
"The agreement reached on this treaty today in Beijing is very important because it is the first international treaty in the area of copyright concluded within the WIPO since 1996". Statement by Commissioner Barnier on the agreement reached on an international treaty for the protection of artists in the audiovisual sector.
The Single Market is a key driving force behind economic growth. But to deliver growth and jobs, better implementation of existing rules is essential. This is why the European Commission has today adopted a communication on governance to ensure that Single Market rules work better in practice. The Commission is also proposing measures to improve the way the services sector works, which is vital as the Services Directive accounts for more than 45% of EU GDP.
The financial crisis highlighted that public authorities are ill-equipped to deal with ailing banks operating in today's global markets and has cost taxpayers a lot of money. The proposals adopted today by the European Commission for EU-wide rules for bank recovery and resolution will change this. They ensure that in the future authorities will have the means to intervene decisively both before problems occur and early on in the process if they do.