The challenge of implementing market regulations consistently at the global level NEW
“We must ensure rules are applied in a consistent and coherent way. This is particularly true for the EU and the US”. Speech by Vice-President Barnier at the Eurofi Financial Forum, in Milan.
Political Transition vs Economic Transition: a foundation for future development NEW
"Tunisia faces many challenges and the road is still long and probably bumpy, but I want to salute the tremendous capacity of the Tunisian people and its leaders to face these difficulties through dialogue." Speech by Vice-President Barnier.
Commission services consult on cross-border mergers and divisions NEW
The purpose of this consultation is to collect information which would allow the Commission to assess if the existing rules for cross-border operations of companies need to be changed.
Vice President Barnier writes to European Banking Authority Chair Andrea Enria concerning potential circumvention of EU rules on bankers’ bonuses NEW
“It is important to show a collective proactive stance on this important matter and address the claims made that the spirit – if not the letter – of Union law is being disregarded”. Letter from Vice President Barnier to Andrea...
The European Commission today adopted the review reports on the European System of Financial Supervision (ESFS) NEW
"This review is aimed at further enhancing the ability of the ESAs to improve the functioning of the single market for financial services and thus identifies scope for action in the short and medium term", said Commissioner Barnier...
Vice-President Michel Barnier welcomes major milestone for the internal payments market with the migration to SEPA (Single Euro Payments Area) NEW
Today, a big part of the Single Euro Payments Area has become reality. In all euro countries citizens have now available a common and simple way to pay at home and across borders.
Single Euro Payments Area (SEPA) becomes fully operational in all Eurozone countries as per tomorrow 1 August 2014 NEW
The Single Euro Payments Area (SEPA) creates a true European Single Market for retail payments in euro where transfers, direct debits and payments between Member States are as easy and fast as the equivalent domestic transactions. It will become full...
Another step in the finalisation of the Banking Union’s architecture: publication of Single Resolution Mechanism (SRM) Regulation NEW
Today, the Regulation establishing a Single Resolution Mechanism (SRM) for the Banking Union has been published in the Official Journal of the EU, only one year after the European Commission presented its proposal. The Single Resolution Mechanism wil...
Langfristige Finanzierung für Infrastrukturvorhaben [Long-term investment for infrastructure] – Article NEW
“We need new instruments that are better suited for long-term financing and especially for infrastructure projects”. Vice-President Barnier explains what the EU has done in this respect. Article by Michel Barnier, Börsen-Zeitung.
Copyright: summary report of the public consultation on the review of the EU copyright rules NEW
The summary report published today provides a qualitative overview of the input received from a wide range of stakeholders, including consumers, rights holders, business and institutional users of copyright works, collective rights management organis...
The right to a basic bank account for all European citizens: Commission welcomes Council adoption NEW
The Directive will foster the creation of a real single market for retail financial services bringing numerous benefits to EU citizens by providing them with a right to a basic payment account irrespective of their place of residence or financial sit...
Single Market Scoreboard: EU countries are dismantling barriers to the European single market NEW
The Scoreboard provides country-specific information and analyses in detail how certain governance tools function and policies are applied in each country. The scope of the Single Market Scoreboard has been extended to two specific policy areas: publ...
Financial crime and cyber security handbook – Foreword NEW
“Strengthening sanctioning regimes against market abuse is one of the key elements of the EU’s financial sector reform”. Foreword by Commissioners Viviane Reding and Michel Barnier...
Commission wants to tackle unfair practices in the food supply chain NEW
The Communication on unfair trading practices (UTPs) in the food supply chain is addressed to stakeholders and Member States.
Green Paper on Geographical Indication protection at EU level for non-agricultural products NEW
The Commission launches public consultation on a possible extension of geographical indication protection to non-agricultural products. Names such as champagne or prosciutto di Parma (Parma ham) that identify agricultural products with specific chara...
Commission recommends principles to ensure effective protection of consumers in the online gambling services sector NEW
The European Commission adopted the Recommendation on principles for the protection of consumers and players of online gambling services and the prevention of minors from gambling.
The Commission launched a public consultation on the potential economic consequences of country-by-country reporting under Directive 2013/36/EU (Capital Requirements Directive or CRD) NEW
The purpose of this consultation is to collect information and obtain input from all interested stakeholders on the potential economic consequences of public disclosure by banks and investment firms on a country-by-country basis of their profit and l...
Directive on interconnection of business registers: first set of obligations transposed by Member States NEW
As of today, business registers will also have to make available information on the rules in their national law, according to which third parties can rely on certain company documents.
Vice-President Barnier welcomes Court of Auditors’ special report: “European banking supervision taking shape – EBA and its changing context” NEW
“I believe the European Banking Authority’s role in the overall supervisory architecture is crucial. (...) While the establishment of the Banking Union (...) will affect the functioning of the EBA, it does not call into question its exist...
The Commission presents actions to better protect and enforce intellectual property rights NEW
The European Commission adopted today two communications – an Action Plan to address infringements of intellectual property rights in the EU and a Strategy for the protection and enforcement of intellectual property rights (IPR) in third countr...