creditshelf Aktiengesellschaft, a pioneer in online SME financing in Germany, launches a diversified debt fund for institutional investors supporting German SMEs. The European Investment Fund (EIF) will be a cornerstone investor, using resources from the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe, or Juncker Plan.
A summary of the joint debate is now available.
Finland’s Presidency of the Council of the European Union is the first to arrange a joint policy debate for the finance and education ministers of EU member states. The debate will take place on 8 November 2019 in Brussels. The ministers will discuss the role of education and training in promoting wellbeing and driving sustainable growth in the long term. EU finance ministers’ agenda items also include taxation and climate finance.
A summary of the debate is now available.
A summary of the Committee’s consideration of draft reports is now available.
The European Banking Authority (EBA) published today a report identifying potential impediments to the cross-border provision of banking and payment services in the EU. Developed under the EBA’s FinTech Roadmap, this Report calls on the European Commission to facilitate cross-border access, including the update of interpretative communications on the cross-border provision of services and further harmonisation of consumer protection, conduct of business and AML/CFT requirements, in order to facilitate the scaling up of activity cross-border.
The European Banking Authority (EBA) published today an Opinion addressed to the EU Commission with recommendations to ensure that disclosure requirements in EU law take account of the increasing use of digital marketing channels for financial services and the resultant issues potentially affecting consumers. The recommendations relate primarily to the scope and consistency of disclosure rules, the timing of disclosure, the presentation format and accessibility of information. In addition, they cover advertisements, pre-contractual information, rights of withdrawal, complaints handling and post sale information.
Session 1 – Past experiences and future challenges – priorities for the new legislative term
Session 2 – Digitalisation of Europe’s financial services – opportunities and challenges
The inaugural meeting of the Joint EU-Japan financial regulatory forum was held in Tokyo on 11th October. (The earlier Japan-EU High Level Meeting on financial Issues was transformed into this Forum in line with the Annex for Regulatory Cooperation on Financial Regulation contained in the Japan-EU economic partnership agreement (EPA)). This year’s meeting provided an important opportunity for Senior Officials from both sides to exchange views on the recent regulatory and supervisory developments in the financial sector at international level and in their respective jurisdictions.