News

  • 13 October 2017

    During the latest meeting of the Economic and Financial Affairs Council (ECOFIN), the Council adopted proposals on climate change. Proposals on VAT reform, digital economy taxation, dispute resolution in double taxation and bank capital requirements are also being considered. Furthermore, the European Commission called for the completion of the European Banking Union by 2018 in a communication on 11 October 2017.

  • 10 October 2017

    As from 3 January 2018, banks and investment firms that carry out transactions in financial instruments must make a detailed report of these transactions to the relevant authority, at the latest by the end of the following working day. One of the elements that must be reported is the identity of the ultimate client that ordered the transaction.

  • 6 October 2017

    On 29 September 2017, the Estonian Presidency of the Council of the European Union, in cooperation with the President of the European Council and the European Commission, organized the first ever Digital Summit of the European Union in Tallinn. On the same day, the Single Resolution Board (SRB) held its second conference in Brussels under the theme “Building resolvability together”.

  • 29 September 2017

    The European Commission is proposing reforms to the mandates of the European supervisory authorities to pave the way for stronger and more integrated European financial supervision. The Commission also outlined the challenges of digital taxation and possible solutions to support growth and ensure fair and effective taxation.

  • 22 September 2017

    To unlock the full potential of the EU data economy, the European Commission has proposed a new digital package, including a new set of rules to govern the free flow of non-personal data in the EU. A wide-ranging set of measures to build strong cybersecurity in the EU is also on the table in order to equip Europe with the right tools to deal with cyber-attacks.

  • 15 September 2017

    On 13 September 2017, the President Jean-Claude Juncker of the European Commission delivered his annual policy speech on the State of the European Union at the European Parliament in Strasbourg. In his speech Juncker takes stock of Europe's current political and economic landscape. He urges the European Union to stay on the same course as in the previous year and calls for a more united, stronger and more democratic Union.

  • 31 August 2017

    With effect from 1 October 2017, Karel Van Eetvelt will become the new CEO of Febelfin and the Belgian Bankers' and Stockbroking Firms' Association (ABB-BVB). As the new CEO, he will be entrusted with the task of making Febelfin and ABB-BVB future-oriented entities. With the financial sector facing considerable challenges and change, Febelfin and ABB-BVB will have to be ready, more than ever, to help the sector deal with these new demands and to create an environment that ensures a sustainable future.

  • 28 August 2017

    On Augustus 4, 2017, the European Banking Authority published a discussion paper on its approach to FinTech. A few weeks later, the European Commission launched a public consultation on post-trade in a Capital Market Union: dismantling barriers and strategy for the future.

  • 19 July 2017

    On 7 July 2017, the Council, appointed Mariya Gabriel as the new commissioner for digital economy and society. A few days later, EU Finance ministers met in Brussels to adopt conclusions on the Commission's review of the EU's capital markets union action plan, and on non-performing loans in the banking sector.  The Council also issued its 2017 recommendations and opinions on the member states' economic, employment and fiscal policies.

  • 10 July 2017

    Over the next 6 months, the Estonian presidency will focus on 4 important areas: an open and innovative European economy, a safe Europe, a digital Europe and free movement of data, and an inclusive and sustainable Europe. As announced in the interim evaluation of the digital single market, the European Commission will increase its efforts to close the gaps in the current cybersecurity framework.

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