Cryptoassets are dangerously unregulated and may give rise to criminal activities, according to two recent assessments published by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).
In the run-up to a European council on the revival of the European project, the increasingly direct political rivalry between En Marche and the CDU make the exchange between France and Germany difficult.
At the end of a suspenseful day, delegates from 27 EU governments meeting in the General Affairs Council chose to relocate the European Medicines Agency to Amsterdam and the European Banking Authority to Paris. EURACTIV France reports.
Amsterdam and Paris won the right to host the two EU agencies that must leave London on Brexit after a dramatic ministerial meeting in Brussels on Monday (20 November) that left both result decided by drawing lots after votes were tied.
EU ministers will vote by secret ballot on the relocation of two EU agencies currently based in London at the General Affairs Council on 20 November. The ballot papers will then be destroyed and no record kept.
The European Commission has shied away from ranking which cities should host Europe's drugs regulator and banking authority after Brexit, saying the decision is up to the 27 member states which will remain.
EU officials claim there is growing support for a proposal to close the European Parliament’s expensive second seat in Strasbourg and to sweeten the deal by giving the French city the European Medicine Agency in return.
Public sector jobs in the United Kingdom and in the EU itself are far from safe from the uncertainty generated by Brexit. UK public services are already suffering and British civil servants could be put out to pasture by Brussels.
The digital revolution in the financial sector will get a helping hand from EU regulators later this year when the European Commission tables new proposals for retail financing, with a clear objective: let the revolution flourish.
In the aftermath of the Brexit vote, Rome and Madrid are leading the race to gain the right to host influential EU agencies, while Croatia, Bulgaria, Cyprus, Romania and Slovakia could remain empty-handed.
New EU rules that will force losses on big depositors and bondholders over the heads of national regulators could detstabilize banks in some countries and pose a systemic risk at the European level, Czech bankers have warned. EURACTIV Czech Republic reports.
The European Commission is considering an investigation into whether Greece, Italy, Portugal and Spain have illegally underwritten banks which have accumulated assets considered low-quality in the rest of the eurozone, the Financial Times reported.
A body that is on the cusp of gaining more binding powers in the EU, the Committee of European Banking Supervisors (CEBS), has devised more stringent methods to test whether banks in the EU are financially sound.