Swiss bank UBS has hired the UK's former European Commissioner, Jonathan Hill, to advise corporate customers about Brexit, it was revealed on Tuesday (29 May), prompting 'revolving door' concerns once again.
EXCLUSIVE / MEPs have responded to the recent conflicts of interest concerning members of the Barroso Commission by freezing part of the allowance granted to former Commissioners at the end of their mandate. EURACTIV France reports.
Britain’s outgoing Commissioner Jonathan Hill has said he resigned as a matter of principle after the UK’s vote to leave the European Union because the public feel that politicians do not take enough account of their opinions.
The British ambassador to France, Sir Julian King, will take over as the UK's European Commissioner after the resignation of Jonathan Hill. It is not yet known which, if any, portfolio the diplomat will be given. EURACTIV France reports.
Prime Minister David Cameron has suggested naming Britain's Ambassador to France, Julian King, as its new member on the European Commission, EU sources said yesterday (5 July), but faces resistance from EU lawmakers.
New European Union rules to force multinational companies to publish their tax bills were criticised on Tuesday (12 April) by campaigners for being too weak to stop tax-dodging corporations hiding their profits.
Bank deposits within the EU up to 100,000 euros, no matter which bank or country they are in, should be guaranteed by 2024 by a European fund, the European Commission proposed on Tuesday (24 November).
Financial transactions using shares, or other assets, to secure credit, will come under greater scrutiny after the European Parliament approved a new law on Thursday (29 October) on the 'shadow banking' sector.
The European Commission unveiled on Wednesday (30 September) its strategy to strengthen capital markets in Europe, and thus reduce the “very high dependence on bank funding", as President, Jean-Claude Juncker put it, when he took office last year.
Days before the European Commission presents its long-awaited proposal to reduce the “very high” dependence on bank funding from European businesses, the executive appeared to have softened its tone towards the banking sector.
European Union plans to make its capital markets more efficient at raising funds for the economy could also help deepen eurozone monetary integration and create a new breed of European industrial champions, France has said.
The European Commission will consider reducing how much capital banks must hold against risk for a new class of asset-backed securities, a process of packaging and selling loans blamed for the financial crisis.
EXCLUSIVE: The Commission is set to test the waters on creating a new super-regulator for capital markets, despite opposition from the larger member states when it publishes a green paper later this month.
Digitisation poses a danger to media diversity and the EU should focus as much on content and quality as access issues within the European Commission’s digital single market strategy, a senior EU executive claimed recently.
The European Union's plan to build a capital market union (CMU) will not include a super-regulator for markets in the same way the European Central bank now supervises top eurozone lenders, a senior EU official said on Wednesday (21 January).
An initial deal on capping fees charged for paying with debit or credit cards across the 28-nation European Union was reached yesterday (17 December) by the Council and parliament’s economic committee.
The European Union should open up retail financial services to more competition to bring lower prices for consumers who will also then see how EU membership can produce tangible benefits, the bloc's new financial chief said on Tuesday (18 November).