"The EU has lived up to its commitments. Thanks to the assiduous work of the co-legislators, we have turned the idea of a Banking Union into reality in less than two years".
Antonio Tajani, Vice President of the European Commission in charge of Industry and entrepreneurship, will be on electoral leave from 18 April to 25 May 2014 to participate to the European Parliament elections. During his leave, Commissioner Barnier will assume temporary responsibility for his portfolio.
"These new rules will improve the way capital markets function to the benefit of the real economy. They are a key step towards establishing a safer, more open and more responsible financial system". Statement by Commissioner Barnier
"With this vote, we have taken another important step towards making financial products safer and re-establishing investor confidence, a pre-requisite for investment and economic growth in Europe". Statement by Commissioner Barnier.
"European consumers need a clear and understandable explanation on how they invest their savings. […] The broad coverage of the Key Information Document aims to ensure that […] the consumer can compare different investment proposals". Statement by Commissioner Barnier.
"With these new rules we intend to make a real difference in the lives of millions of EU citizens. Improving the transparency and comparability of fees in the payment accounts [...] will enable consumers to benefit from better offers and lower costs for their payment accounts. Universal access to basic payment accounts will encourage more people to profit from the new opportunities which derive from them". Statement by Commissioner Barnier
"Companies that already publish information on their financial and non-financial performances take a longer term perspective in their decision-making. This is important for Europe’s competitiveness and the creation of more jobs". Statement by Commissioner Barnier