A couple of developments since we posted the original blog below.Importantly, the European Parliament’s Economics Committee failed to reach an agreement over Pierre Moscovici and has delayed a decision on whether to approve him or not until 9.30pm CE…
Posted by Open Europe blog team
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capital markets union, EP hearings, EU financial regulation, european parliament, financial markets, Lord Hill |
There’s a bit of a debate going on at the moment over whether splitting up the internal market portfolio in the next European Commission is a good or bad thing for UK interests. The idea is to separate financial services from the wider internal marke…
Posted by Open Europe blog team
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britain in europe, EU financial regulation, European Commission, Financial Services, Michel Barnier |
EU finance ministers met today, with the financial transaction tax (FTT) once again topping the agenda. They were presented with a new proposal or brief under which the 11 countries pursuing the FTT under enhanced cooperation could move forward. The pl…
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anders borg, Dijsselbloem, ECJ, enhanced cooperation, EU financial regulation, financial transaction tax, FTT, George Osborne, Netherlands, Sweden, UK-EU relations |
April 30, 2014
This morning’s ECJ judgement that the UK’s legal challenge against a proposed Financial Transaction Tax (FTT) is premature was what many had expected. The UK had challenged the decision to authorise the use of so-called ‘enhanced cooperation’ (…
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City, ECJ, EU financial regulation, Financial Services, financial transaction tax, FTT, UK-EU relations |
January 13, 2014
Advocates of ‘Out’ of the EU or the ‘Status Quo’, are fond of saying that EU reform is impossible – it suits their respective cases. They are wrong. Reform is possible, but will not happen on its own, reformers in the UK need to go out there and w…
Posted by Open Europe blog team
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EU budget, EU financial regulation, eu fisheries, EU reform, eu reform conference, Maria Damanaki, national parliaments, Rachida Dati, red card, services liberalisation, subsidiarity |
September 25, 2013
Last week, the UK launched another legal challenge at the European Court of Justice (ECJ) against an unwanted piece of financial regulation – this time, the bankers’ bonus cap. This comes in the wake of some favourable legal assessment from a UK poin…
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bank bonus, banker bonus, ECJ, EU financial regulation, Financial Services, legal challenge, UK-EU relations |
August 9, 2013
Our Director Mats Persson writes on his Telegraph blog,The UK’s services sector accounts for around 75 per cent of the country’s GDP. Britain’s 0.6 per cent growth in the second quarter of this year was largely thanks to this sector, which grew a…
Posted by Open Europe blog team
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Cameron, City, eu, EU financial regulation, EU referendum, germany, Merkel, renegotiation, services liberalisation, UK; |
The European Parliament has voted down a controversial proposal put forward by German Green MEP Sven Giegold to introduce a bonus cap for managers of UCITS investment funds. Mr Giegold wanted to curb bonuses so that they could no longer exceed managers…
Posted by Open Europe blog team
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EU financial regulation, european parliament, fund managers, MEPs, strasbourg, Syed Kamall, UCITS |
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