Parliament backs giving more powers to Europol, but with supervision

This article is brought to you in association with the European Parliament. On Wednesday, the European Parliament plenary gave its final green light to granting new powers to Europol. With 480 in favour, 143 against, and 20 abstaining, MEPs endorsed the deal reached in February by Parliament and Council negotiators on strengthening the mandate of Europol, […]

Digital Finance: new Commission strategy paves the way for modern and streamlined supervisory data reporting

This article is brought to you in association with the European Commission. The European Commission has today presented a new strategy to improve and modernise financial supervisory reporting in the EU. The strategy’s main objective is to put in place a system that delivers accurate, consistent, and timely data to supervisory authorities at EU and national […]

The EU lets the bankers go on rigging the benchmarks

The European Commission adopted yesterday additional “measures to restore confidence in benchmarks following Libor and Euribor scandals”. The new draft legislation complements the political agreement on Market Abuse Regulation proposed by the Commission last July and endorsed by the Parliament and the Council. Benchmark setting is not confined only to interest rates like Libor and […]

EU prepares a banking union amidst financial ruins

There was no better opportunity than now, to observe how unfounded and shallow the institutional structure of Eurozone was, probably for the big guys to do whatever they liked. At a time when the Cyprus banking sector threatens to drive the whole island to a shipwreck, the European Parliament, the Council and the Commission are […]