Stronger anti-money laundering supervision for a stable banking and financial sector – Questions and Answers

The Commission proposed today to further strengthen the supervision of EU financial institutions to better address money-laundering and terrorist financing threats. While the EU has strong anti-money laundering rules in place, recent cases involving money laundering in some EU banks have raised concerns that those rules are not always supervised and enforced effectively across the … Continue reading Stronger anti-money laundering supervision for a stable banking and financial sector – Questions and Answers

Brexit: European Commission publishes Communication on preparing for the UK’s withdrawal from the EU

The European Commission has today adopted a Communication outlining the ongoing work on the preparation for all outcomes of the United Kingdom's withdrawal from the European Union. On 30 March 2019, the United Kingdom will leave the EU and become a third country. This will have repercussions for citizens, businesses and administrations in both the … Continue reading Brexit: European Commission publishes Communication on preparing for the UK’s withdrawal from the EU

Brexit: European Commission proposes legislative amendments for the relocation of the European Medicines Agency and the European Banking Authority from London

The European Commission has today made two legislative proposals to amend the founding Regulations of the European Medicines Agency (EMA) and the European Banking Authority (EBA). This follows last week's agreement in the margins of the General Affairs Council (Article 50 format) to move the EMA and the EBA from London to Amsterdam and Paris, respectively. The … Continue reading Brexit: European Commission proposes legislative amendments for the relocation of the European Medicines Agency and the European Banking Authority from London

Brexit: European Commission welcomes decision by EU27 Member States to relocate UK-based Agencies

The European Commission welcomed yesterday's agreement at the General Affairs Council (Article 50 format) to move the European Medicines Agency (EMA) and the European Banking Authority (EBA) to Amsterdam and Paris, respectively. Both Agencies are currently located in London. The relocation of these two Agencies is a direct consequence – and the first visible result … Continue reading Brexit: European Commission welcomes decision by EU27 Member States to relocate UK-based Agencies