Alexandra Jour‑Schroeder is the Deputy Director General of Directorate General for Financial Stability, Financial Services and Capital Markets Union.Good morning ladies and gentlemen and greetings from Brussels.I am delighted to kick off this interesting debate on the new European Commission’s agenda in the area of financial services.The second mandate of President von der Leyen started in December 2024, so still quite early days. However, for us the direction of travel is clear.We want to ensure that private investments power our productivity and innovation – in short, to fulfil the mandate we have been given as an ‘investment Commission’.Today, I’d like to speak about the motivations behind the savings and investments union, as…
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The ‘Next‑Generation’ FIU.net went live yesterday (3 February 2025), providing Financial Intelligence Units (FIUs) and Europol with a significantly improved, state‑of‑the‑art IT solution enabling a quicker, more efficient exchange and cross‑matching of information.The exchange of information is vital when it comes to successfully preventing and fighting serious crimes, such as money laundering, drug trafficking, corruption, human trafficking, child sexual exploitation and terrorist financing. Criminals and terrorists are adaptable and quick to use new technologies to abuse the financial system, launder their illicitly obtained assets and finance their malicious activities.It is therefore important to ensure that competent authorities, such as the national FIUs, which are at the…
The Commission has launched a call for evidence to collect input on its overall approach to the Savings and Investments Union (SIU). The purpose is to gather views, facts and evidence from consumers and stakeholders on progress made on the Capital Markets Union, as well as identifying significant challenges that the Savings and Investments Union should address. Building on the achievements of the Capital Markets Union and Banking Union, the SIU is a key initiative to strengthen EU prosperity and competitiveness. It aims at developing a strategy for supporting household wealth creation by increasing the returns on savings of EU citizens…
The European Union (EU) proudly participates in the Investing in African Mining Indaba conference, reinforcing its commitment to fostering sustainable and mutually beneficial partnerships with Africa’s mining sector. The EU, alongside its Member States, banks, and the private sector, stands ready to collaborate with African counterparts to boost the region’s mining industry while ensuring long-term economic growth, environmental sustainability, and innovation.”The EU is committed to partnering with Africa for a sustainable future. Our presence at this year’s Mining Indaba conference highlights our determination to support Africa’s mining sector through both investment and innovation. Together with our Member States, private sector, and…
The European Commission adopted a decision to extend the equivalence for UK central counterparties (CCPs) for a period of three years until 30 June 2028. This decision will ensure EU financial stability in the short‑term and provide clarity to EU financial market participants.This extension is designed to provide time for the implementation of the European Market Infrastructure Regulation (EMIR 3). EMIR 3 contains measures that will improve the attractiveness and competitiveness of EU clearing markets. This will help reducing the EU’s overreliance on systemically important UK CCPs, thus reducing risks to EU’s financial stability in the medium term.Commissioner Maria Luis Albuquerque, responsible for Financial Services and the Saving and Investment Union said: “Central clearing is vital for…
Office of the Spokesperson HomeOffice of the SpokespersonPress Releases…Secretary Rubio’s Call with German Foreign Minister Baerbock hide if(window.jQuery) { jQuery( document ).ready(function() { if (jQuery(“.bc_middle”).hasClass(“collapse”)) { jQuery(“.bc_ellipse”).click(function(){ jQuery(“.bc_hide”).toggleClass(“visible”); jQuery(“.bc_middle”).toggle(); jQuery(“.bc_ellipse”).toggle(); jQuery(“.bc_content”).toggleClass(“noflex”); jQuery(“.block_breadcrumbs_content”).toggleClass(“noflex”); }); jQuery(“.bc_hide”).click(function(){ jQuery(“.bc_hide”).toggleClass(“visible”); jQuery(“.bc_middle”).toggle(); jQuery(“.bc_ellipse”).toggle(); jQuery(“.bc_content”).toggleClass(“noflex”); jQuery(“.block_breadcrumbs_content”).toggleClass(“noflex”); }); } else { jQuery(“.bc_ellipse”).hide(); } }); } Secretary Rubio’s Call with German Foreign Minister Baerbock Readout January 27, 2025 The below is attributable to Spokesperson Tammy Bruce: Secretary of State Marco Rubio spoke today with German Foreign Minister Annalena Baerbock. Secretary Rubio reaffirmed the strength and importance of the U.S.-German relationship for transatlantic peace and prosperity. He and Foreign Minister Baerbock…
The below is attributable to Spokesperson Tammy Bruce: Secretary of State Marco Rubio spoke with Estonian Foreign Minister Margus Tsahkna today. Secretary Rubio and Foreign Minister Tsahkna reaffirmed the strength of the U.S.-Estonia relationship and our enduring commitment to work together to address top global challenges. The Secretary and the Foreign Minister discussed further avenues to deepen our strong defense, economic, and people-to-people ties. Source_link
The European Parliament and the Council have just finalised the review of the Benchmarks Regulation, after reaching a political agreement in December. The revamped rules aim to strike a balance between reducing burden on EU administrators and users of benchmarks, while still ensuring the robustness and reliability of benchmarks used and produced in the EU.Benchmarks exist throughout the economy as measurements of prices, interest rates, exchange rates and other economic variables. They play a key role in setting the price of financial instruments or contracts, such as derivatives, funds and the interest rate of loans, such as in mortgages or consumer credit contracts. This means…
At the EU Space Conference in Brussels, the European Commission announced the “Africa-EU Space Partnership Programme.” This initiative, backed by a €100 million investment, forms a critical part of the EU’s Global Gateway strategy to deepen space cooperation between the EU and Africa.The programme will focus on three key priorities: First, it will advance the green transition by developing space-based services that enhance early warning systems for hazardous weather and climate-related events. This will improve disaster preparedness and response on the African content which is disproportionally affected by climate change. Second, it will strengthen institutional collaboration between the EU and African nations to enhance…
The below is attributable to Spokesperson Tammy Bruce: Secretary of State Marco Rubio spoke today with EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission Kaja Kallas. Secretary Rubio underscored the need to strengthen transatlantic security, called for Europe to increase defense spending, and highlighted the challenges posed by China. The Secretary welcomed the extension of EU sanctions against Russia for its war against Ukraine. The Secretary and High Representative discussed ways to deepen U.S.-EU cooperation on common priorities. Source_link