Speeches - December 2013
Trilogue agreement on criminal sanctions for market abuse directive: an unwelcome Christmas present for white collar criminals
The European Commission has welcomed today’s political agreement by the European Parliament and the Council on the Commission’s proposal for a Directive on criminal sanctions for market abuse. Statement by Vice President Reding and Commissioner Barnier.
“I welcome the provisional agreement reached this morning between the European Parliament and the EU Member States on new rules on securities settlement and central securities depositaries (CSDs) in the EU”. Statement by Commissioner Barnier.
“Today is a momentous day for banking union. A memorable day for Europe’s financial sector. (...) Taxpayers will no longer foot the bill when banks make mistakes. We are ending the era of massive bail-outs”. Commissioner Barnier’s remarks at the ECOFIN Council press conference.
Commissioner Barnier's first intervention on the single resolution mechanism during the ECOFIN meeting
“The proposals of the Presidency form a very good basis for further work and should give us the elements we need to reach an agreement today (...) We have some concerns regarding the credibility of the system. It will be the result of a negotiation but it must remain effective and understandable”. Speech by Commissioner Barnier at the ECOFIN Council.
Commissioner Barnier welcomes agreement between the European Parliament and Member States on Deposit Guarantee Schemes
“Just a few days after the agreement on bank recovery and resolution, we are taking another important step towards completing the single rulebook on crisis management for credit institutions in the EU”. Statement by Commissioner Barnier.
“This is a first step towards increasing audit quality and re-establishing investor confidence in financial information, an essential ingredient for investment and economic growth in Europe”. Statement by Commissioner Barnier.
Appointment of Danièle Nouy as first Chairperson of the Supervisory Board of the Single Supervisory Mechanism
“As Chair of the Supervisory Board of the SSM, Danièle Nouy will play a central role in the banking union. She is an excellent choice for the tough job ahead”. Statement by Commissioner Barnier.
“If social entrepreneurship has fared better in the crisis than other sectors, it is because it is built to human scale. (...) It is precisely to consider the dynamism of social entrepreneurship together with people in that sector, and to draw together the roadmap for the years to come, and to gather priorities for the next Commission, that I want to organise a large-scale, inclusive event in Strasbourg on 16 and 17 January 2014”. Speech by Commissioner Barnier at the inauguration of REALIS (Réseau actif pour l’Innovation sociale) in Montpellier.
“Funding of the economy is one of the key elements in returning Europe to higher levels of growth, and is necessary to respond to the problems that many SMEs face in getting their businesses off the ground”. Speech by Commissioner Barnier at the fourth annual Entretiens du Trésor in Paris.
“I welcome the trilogue agreement reached tonight between the European Parliament and EU Member States on the Bank Recovery and Resolution Directive. This is a fundamental step towards the completion of the Banking Union”. Statement by Commissioner Barnier.
ECOFIN Council on the Single Resolution Mechanism package, the Bank Recovery and Resolution Directive and the Deposit guarantee schemes directive
“We have a mandate in order to be able to go forward in the key trilogues on the Bank Recovery and Resolution Directive and the Deposit guarantee schemes Directive. I hope that with this mandate, and thanks to the excellent work of the rapporteurs, we can come to a final compromise in the next few days”. Comments by Commissioner Barnier following the ECOFIN Council meeting.
The European Parliament confirmed today its willingness to make the mortgage credit sector subject to heightened consumer protection measures at EU level by approving the new rules on mortgage credit lending.
"I want to tell investors that it is time to look further forward, and to cease anxiously focusing on immediate events and instead invest in our future." Speech by Commissioner Barnier at the Conference of the Caisse des dépôts et consignations (CDC) at the Committee of the Regions
Commissioner Barnier welcomes trilogue agreement by Council and Parliament on the EU co-financing of EFRAG, IFRS Foundation and PIOB
“This agreement is a very important step towards ensuring that the beneficiary organisations continue to play an important role in the elaboration of accounting and auditing standards and that the EU’s interests are properly taken into account in that process”. Statement by Commissioner Barnier.
“I would like to congratulate the Lithuanian Presidency for its excellent work and significant progress in the negotiations on the different issues addressed at the Competitiveness Council”. Statement by Commissioner Barnier.