"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".
"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
The European Commission has today adopted a package of measures to improve the corporate governance of around 10 000 companies listed on Europe’s stock exchanges. The package includes: a proposal to revise the existing Shareholder Rights Directive which will encourage shareholders to be more involved in the companies they invest in and to take a longer-term perspective into account; a recommendation to improve corporate governance reporting by listed companies; and a proposal for a directive on single-member companies which will help entrepreneurs reduce costs and organise activities abroad.