News

  • 15 December 2017

    A roadmap for the coming period, the creation of a European Monetary Fund, the transposition of the ESM Treaty into EU law, new budgetary instruments for the euro area and an EU Minister of Finance. Those were the proposals the European Commission put forward on December 6th to strengthen the European Monetary Union.

  • 7 December 2017

    Today, the Basel Committee on Banking Supervision (BCBS) reached an agreement on the finalisation of “Basel III”, an international regulatory framework that places particular emphasis on enhanced and harmonised capital and liquidity requirements for banks.

  • 5 December 2017

    On November 22nd, the European Commission presented its autumn package of economic and social priorities for the EU, the euro area and the EU Member States, in the context of the European Semester. A few days later, the European Commission set out the rules governing electronic payment transactions that aim to modernise payment services in Europe. On November 30th, the European Parliament reached an agreement on creditor hierarchy, IFRS 9 and large risk exposures, in light of measures aiming to reduce risk in the financial sector.

  • 27 November 2017

    On November 20th, the EU27 ministers chose Paris as the new location for the European Banking Authority (EBA) and Amsterdam for the European Medicines Agency (EMA). The General Affairs Council also approved new securitisation and cyber security rules on the same day.

  • 20 November 2017

    The EU Ministers of Finance met on November 6th, 2017 to discuss the further development of the Banking Union. The next day, the finance ministers discussed improved VAT rules to promote e-commerce and online businesses. On November 13th, the Commission launched a public consultation on how asset managers and institutional investors can implement environmental, social and governance aspects, among other things, in their decision-making.

  • 15 November 2017

    Today, the Energy Efficient Mortgages Action Plan (EeMAP) Initiative takes another concrete step forward with the second in a series of national Roundtable events, this time focussing on Belgium. The event, organised in Brussels in cooperation with the Flemish Construction Confederation (VCB), brings together experts from the Belgian and European banking, construction, valuation and engineering sectors with a strong interest in building energy efficiency and its financing.

  • 10 November 2017

    On October 24th, the European Commission adopted its Work Programme which sets out its key initiatives for 2018. The programme contains 66 priority pending proposals requiring swift adoption by the Parliament and Council, as well as 26 new proposals setting out initiatives to complete the work on Juncker’s 10 priorities and more long-term initiatives with a view to shaping the EU’s future for 2025 and beyond.

  • 27 October 2017

    During its latest meeting on October 19 and 20th, the European Council focussed on the ongoing efforts regarding migration, digitalisation, external relations and the Brexit negotiations. The Council also established its work programme for the months and years to come through the Leaders' Agenda. 

  • 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.

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