Tackling non-performing loans in Europe (14/03/2018)
The European Commission is today putting forward an ambitious and comprehensive package of measures to deal with the problem of non-performing loans (NPLs) in Europe. The proposals build on progress made already that has led to a decline in NPLs across banks and EU countries in recent years. Today's measures aim to address both the remaining stocks of NPLs and the potential build-up of new NPLs in the future.
Towards completing the Capital Markets Union (12/03/2018)
The European Commission is today putting forward proposals aimed at promoting alternative sources of financing and removing barriers to cross-border investments. The proposals are part of a broader strategy to build a true capital markets union (CMU) and encourage investments in the EU.
Call for applications: European Commission sets up an Expert Group on electronic identification and remote Know-Your-Customer processes (22/01/2018)
The European Commission is setting up an e-ID/KYC (know your client) expert group to explore the EU potential of remote digital onboarding (finding new customers by digital means). Once the group is launched in spring 2018, it will provide the Commission with expertise on issues relating to electronic identification and remote Know-Your-Customer processes based on the eIDAS regulation. The group will be composed of regulators, supervisors, identity experts, financial institutions and consumer organisations. In total, 21 members of the group will come from existing consultative structures (eIDAS, anti-money laundering and the European Supervisory Authorities joint committee) while the remaining 15 places will be filled through the call for applications.
New rules on cheaper and safer payments for consumers (11/01/2018)
EU consumers will benefit from cheaper, safer and more innovative electronic payments under the new Payment Services Directive (PSD2), which applies throughout the EU from tomorrow. The legislation will mean that surcharges will be prohibited for most consumer debit and credit card payments. This could save more than €550 million per year for EU consumers. Consumers will also be better protected when they make payments. PSD2 is a step towards a digital single market and will benefit both consumer and businesses.
European Commission unveils proposals to make rules for investment firms more proportionate and risk-sensitive (20/12/2017)
The European Commission today proposed a revamp of rules for investment firms. The proposals aim to make life easier for smaller investment firms, while bringing the largest, systemic ones under the same regime as European banks.
European Commission unveils roadmap for deepening Europe's Economic and Monetary Union (06/12/2017)
The European Commission today set out a roadmap for action and a number of concrete measures to deepen the Economic and Monetary Union (EMU). The overall aim of the package is to enhance the unity, efficiency and democratic accountability of Europe's Economic and Monetary Union by 2025.
