EU regulation

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Non-performing loans : the Commission is on the wrong track

Image from La Dépèche, by José Navarro, published on 23/06/2010 EU Commission initiative on credit servicers, credit purchasers and the recovery of collateral 2018/0063 COD Bringing the share of non-performing loans (NPL) down to below 5% of total bank assets is a key legacy task of the 2007/8 financial crisis. In several EU countries, the [...]

By | April 16th, 2018|Non classé|Comments Off on Non-performing loans : the Commission is on the wrong track

Cross-border payments: Missed opportunity to put a cap on money-transfer fees and help tackle inequality worldwide

Cross-border payments: Missed opportunity to put a cap on money-transfer fees and help tackle inequality worldwide Finance-Watch press release Brussels, 28 March 2018 - Finance Watch welcomes today’s proposals by the European Commission that would make cross-border payments cheaper within the EU and better inform users of dynamic currency conversion services. Choosing not to cover [...]

By | April 1st, 2018|Hot Topics, Non classé, Reading Room, We Advocate, We Disseminate|Comments Off on Cross-border payments: Missed opportunity to put a cap on money-transfer fees and help tackle inequality worldwide

Cheap euro transfers everywhere in the Union

A better deal for consumers: Cheap euro transfers everywhere in the Union and fairer currency conversions Brussels, 28 March 2018 The European Commission is today proposing to make cross-border payments in euro cheaper across the entire EU. Under current rules, there is no difference for euro area residents or businesses if they carry out euro [...]

By | April 1st, 2018|Hot Topics, We Disseminate|Comments Off on Cheap euro transfers everywhere in the Union

EU Commission and Reduction of Non Performing Loans: consumer protection in danger

EU Commission and Reduction of Non Performing Loans: consumer protection in danger On the 18 January 2018, the European Commission published a progress report on the reduction of non-performing loans (NPL). As background to that report,  it is worth reading a recent article in Harvard Politics, which gives an attractive overview of some of the [...]

By | February 11th, 2018|Hot Topics, Reading Room, We Disseminate|Comments Off on EU Commission and Reduction of Non Performing Loans: consumer protection in danger

Ethical and sustainable finance

Many readers will know that the European Commission has launched a “European Financial Reform Agenda”. In that framework, an expert group issued a first interim report in July 2017, and a second report is expected this month, December 2017: https://ec.europa.eu/info/sites/info/files/170713-sustainable-finance-report_en.pdf What is sustainable finance? The interim report suggests an attractive definition: “sustainable finance refers to [...]

By | December 19th, 2017|Hot Topics, Reading Room|Comments Off on Ethical and sustainable finance

Big data and fintech: a solution for financial exclusion ?

The big event in October was the conference organized by EFIN, BEUC and CEPS-ECRI. It was a wide-ranging debate in which much was said not least about big data, the right to privacy, and the reality or otherwise of consents given by consumers. But what can be concluded in relation to the specific issue in [...]

By | November 8th, 2017|Events, We Disseminate|Comments Off on Big data and fintech: a solution for financial exclusion ?

Attempt to reform EU financial supervisory agencies keeps consumer protection sidelined

BEUC - PRESS STATEMENT - 20.09.2017 "The European Commission has today proposed a weak reform of the agencies1 that supervise financial services at European level. It is bewildering that the proposal still limits the agencies’ role in protecting consumers, which is mostly devolved to national level where protection standards vary enormously. The reform means the [...]

By | September 20th, 2017|Hot Topics, We Disseminate|Comments Off on Attempt to reform EU financial supervisory agencies keeps consumer protection sidelined

EBA launches consultation on significant risk transfer in securitisation

19 September 2017 The European Banking Authority (EBA) launched today a public consultation on its discussion paper on significant risk transfer in securitisation. This work builds on the EBA's monitoring activity of supervisory practices in the area of significant risk transfer, which the Authority started in 2014 with the publication of the EBA Guidelines on [...]

By | September 20th, 2017|Hot Topics, We Disseminate|Comments Off on EBA launches consultation on significant risk transfer in securitisation

Anti-Money Laundering Directive: A great success against tax evasion and financial crimes

From Sven Giegold website : "Anti-Money Laundering Directive: A great success against tax evasion and financial crimes" The European Parliament’s Economic & Monetary Affairs (ECON) and Civil Liberties Justice & Home Affairs (LIBE) committees have voted today (28 Feb) on the revision of the Anti-Money Laundering Directive. The majority of MEPs agreed to many demands [...]

By | February 28th, 2017|Hot Topics|Comments Off on Anti-Money Laundering Directive: A great success against tax evasion and financial crimes

The future of financial services: which policy mix to stimulate innovation in products, models and processes

On 31 January 2017, CEPS (Centre for European Policy Studies) is holding a seminar in Brussels on “the future of financial services: which policy mix to stimulate innovation in products, models and processes”. https://www.ceps.eu/events/future-financial-services-which-policy-mix-stimulate-innovation-products-models-and-processes

By | February 7th, 2017|Events, Hot Topics|Comments Off on The future of financial services: which policy mix to stimulate innovation in products, models and processes