On 14 November 2014, the European Commission hosted the Vienna Initiative Financial Forum on the Banking Sector in Ukraine.
Key stakeholders discuss ways to drive forward much-needed reforms in the financial sector.
The Commission and the ECB made an overall positive assessment.
Highlights: euro changeover completed, fiscal position is under control, financial sector strengthened & judiciary improved. However, crucial reforms need to be implemented with greater urgency.
The Forum reached key conclusions on reducing non-performing loans, credit guarantee schemes to enhance credit provision and close regulatory coordination between the institutions of the banking union.
On 12 November, Commissioner Moscovici addressed the European Parliament on the ambitious European Commission’s agenda to fight against tax fraud tax evasion and aggressive tax planning.