“Jonathan Faull is someone who can very capably lead our work in terms of what expectations the UK has for reforms in the EU, what is possible and how we can meet each other”, said EU Budget Commissioner Kristalina Georgieva in a press conference on Wednesday.
Jonathan Faull, the European Union’s top civil servant for financial services regulation, will head up a European Commission “Brexit” taskforce dedicated to the United Kingdom’s referendum on its membership of the bloc.
Commissioners are encouraged to be present in both Brussels and at home, even if this leads to unconventional arrangements. Jean-Claude Juncker and Pierre Moscovici both accepted a settling-in grant for the move to Brussels, despite staying in hotels in the EU capital. EURACTIV France reports.
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.
The European Commission is proposing to make €1 billion from the Youth Employment Initiative (YEI) available earlier and increase the pre-financing rate by up to 30 times for eligible member states in order to boost youth employment.
The European Commission’s decision to ditch the Circular Economy package of waste, recycling and incineration laws, was confirmed yesterday (22 January), despite the objections of the EU Parliament and national environment ministers.