Consultation: Markets in Crypto-assets (10/11/2023)
The implementation of the Markets in Crypto-assets (MiCA) Regulation is on track to apply as of 2024! The Commission has launched a 4-week consultation on the Have Your Say portal on four delegated regulations to be adopted by the Commission under Regulation (EU) 2023/1114 on markets in crypto-assets. These delegated regulations are the first of a series of delegated acts to complement and complete the EU regulatory framework on crypto-assets. The Commission would like to hear your views! The feedback period will end on 6 December 2023 (midnight Brussels time).
IMF – World Bank Week in Marrakesh: A Conversation with European Commissioner Mairead McGuinness
Interview (31/10/2023)
DG FISMA Deputy Director General, Alexandra Jour-Schroeder, on the EU anti-money laundering regime.
Sustainable finance (31/10/2023)
How to best communicate sustainable information for financial products?
Financial literacy (31/10/2023)
What is being done to improve the financial literacy of children and young people?
Commissioner’s corner (31/10/2023)
Ms McGuinness speaks at recent event on the future of payments and Open Finance in the EU.
Finance news in brief (31/10/2023)
EVP Dombrovskis welcomes Belgium's move to use tax revenue from frozen Russian assets to support Ukraine.
Commission welcomes ECB Governing Council decision to launch the next phase of the digital euro project (30/10/2023)
19 October 2023
Commission puts forward concrete proposals to rationalise reporting requirements for companies (30/10/2023)
17 October 2023
Commission adopted its 2024 work programme, which puts a strong focus on simplifying rules for citizens and businesses across the European Union (30/10/2023)
17 October 2023
EU taxonomy: The Platform on Sustainable Finance together with the Commission launch the stakeholder request mechanism (30/10/2023)
17 October 2023
Commission proposes a review of the Benchmark Regulation to reduce administrative and regulatory burden (30/10/2023)
17 October 2023
Russia sanctions: G7 Oil Price Cap Coalition Partners publish best practices advisory in response to recent developments in the maritime oil trade (30/10/2023)
12 October 2023
Call for tender for study on environmental impact of crypto assets published (30/10/2023)
5 October 2023
Financial literacy: Commission publishes joint EU/OECD Financial Competence Framework for Children and Youth (30/10/2023)
27 September 2023
Financial Markets: Commission consults on sustainable finance disclosures (30/10/2023)
14 September 2023
Sanctions: Commission publishes guidance to help European operators assess sanctions circumvention risks (30/10/2023)
7 September 2023
Commission adopts reporting rules on banks’ exposure to shadow banking (30/10/2023)
EU Taxonomy Stakeholder Request Mechanism (17/10/2023)
In order to evaluate and consider suggestions from stakeholders regarding activities in the EU Taxonomy, the Platform on Sustainable Finance together with the Commission is launching today the Stakeholder Request Mechanism. The mechanism allows stakeholders to submit suggestions, based on scientific and/or technical evidence, on new economic activities that could be added to the EU Taxonomy or on potential revisions of technical screening criteria of existing activities. The Platform on Sustainable Finance will analyse the requests submitted and provide the Commission with recommendations. The Stakeholder Request Mechanism will be accessible at any time, allowing respondents to submit their input whenever they want. On 15 December 2023, all requests will be processed by the Platform’s Technical Working Group. After 15 December, the tool will continue to run, and a second cut-off-date will be communicated as soon as possible. The Commission and the Platform will monitor the tool regularly.
Workshop on the Sustainable Finance Disclosure Regulation (SFDR) (12/10/2023)
An event on 10 October looking at what’s next for sustainability disclosures in the EU attracted a wide attendance from regulators and industry experts. Panellists, who included representatives of the co-legislators, supervisors and financial market participants, discussed the impact that this important piece of legislation has had. They also highlighted challenges in its implementation and shared ideas about how it could evolve. If you missed this interesting event and wish you hadn’t, click the ‘more’ button and watch the replay!
Launch of the joint EU/OECD-INFE Financial Competence Framework for Children and Youth (20/09/2023)
Registrations are open for the launch of the joint EU/OECD-INFE Financial Competence Framework for Children and Youth on the 2nd of October in Brussels. The event is open to young people, policy makers, educators, and academics, so join us – in person in Brussels, or online – to share your views on this framework and financial literacy generally.
On 13 September 2023, DG FISMA published an open call for tenders to award a single framework contract for the analysis of developments in EU capital flows in the global context. The general objective of this framework contract is to contribute to a comprehensive and up-to-date understanding of capital mobility and, if relevant, payments dynamics within the EU and globally. The specific objective of the framework contract is to provide background studies that the European Commission may use to support its preparation of annual reports on "The Movement of Capital and the Freedom of Payments", as well as the annual examination of the free movement of capital by the Council and the Parliament. Applications must be submitted electronically by 23 October 2023. For additional information, click on the ‘More’ button below.
Commission consults on sustainable finance disclosures (18/09/2023)
Sustainability information is key to empowering investors to make informed decisions on their investments. This is why we’ve launched two three-month consultations – one targeted, one public – to get feedback on the Sustainable Finance Disclosure Regulation (SFDR), which has been in application since March 2021.
Commission adopts report on the functioning of the Money Market Funds Regulation (20/07/2023)
The Commission has today adopted a report on the functioning of the Money Market Funds (MMF) Regulation. Money market funds are investment funds that invest in short-term debt instruments such as securities issued by banks, businesses or governments. Consequently, they play a key role in the short-term financing of the economy. For their investors, they present an alternative to bank deposits. The report draws on a number of studies carried out by European and international bodies including the European Securities and Markets Authority (ESMA), the European Systemic Risk Board (ESRB) and the Financial Stability Board (FSB), as well as the results of a targeted consultation in 2022.
Annual Joint Conference of the European Commission and European Central Bank on European Financial Integration (07/06/2023)
Brussels, Belgium
New LinkedIn page (26/05/2023)
Follow the new EU Economy and Finance page to stay up to date on the latest developments in EU economic affairs, financial services, taxation, and customs.
Commission publishes report on Payment Accounts Directive (22/05/2023)
12 May 2023
#DigitalFinanceEU (01/02/2022)
The EU is becoming one of the first jurisdictions in the world to introduce comprehensive rules on crypto-assets, protecting consumers, financial stability & innovation.
Retail investment (24/05/2023)
Commission adopts new rules that place the interests of consumers at the centre of retail investing.
Almorò Rubin de Cervin (31/05/2023)
Interview with FISMA's Head of banking regulation and supervision.
Banking Union (31/05/2023)
Commission proposes reform of the EU’s banking crisis management and deposit insurance rules.
European Commission sets up central contact point on EU sanctions for foreign authorities and operators (22/05/2023)
27 April 2023
EU in the world (31/05/2023)
Commissioner McGuinness’ recent US visit offered an opportunity to discuss a number of key issues.
Banking Union: Commission proposes reform of bank crisis management and deposit insurance framework (22/05/2023)
18 April 2023
Commissioner’s corner (31/05/2023)
Ms McGuinness marks Europe Day in speech in Dublin.
