European Central Bank must allow full scrutiny of banking supervision

The European Court of Auditors has called on the Union’s legislators to intervene and ensure the European Central Bank allows full access to documents for audits related to banking supervision. In a letter to the European Parliament, the auditors express concern that the ECB’s current position regarding access to documents and information prevents them from … Continue reading European Central Bank must allow full scrutiny of banking supervision

Brexit Negotiations: What is in the Withdrawal Agreement

The European Commission and the United Kingdom's negotiators have reached an agreement on the entirety of the Withdrawal Agreement of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, as provided for under Article 50 of the Treaty on European Union. The Withdrawal Agreement establishes the … Continue reading Brexit Negotiations: What is in the Withdrawal Agreement

Advocate General’s Opinion in Case C-493/17 Weiss and Others

Advocate General Wathelet proposes that the Court of Justice should rule that the decision of the ECB establishing a programme for the purchase of government bonds on secondary markets is valid. By decision of 4 March 2015, the European Central Bank (ECB) put in place a secondary markets public sector asset purchase programme (‘PSPP’). The … Continue reading Advocate General’s Opinion in Case C-493/17 Weiss and Others

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