EU Newsletter
EU Newsletter · 01. July 2020
The EU is temporarily adapting banking rules in order to maximise the capacity of banks to lend money and support households and businesses to recover from the COVID-19 crisis. The banking package adopted today provides targeted and exceptional legislative changes to the capital requirements regulation (CRR 2). These changes will allow credit institutions to fully play their role in managing the economic shock that stems from the COVID-19 pandemic by fostering credit flows. More specifically,...
EU Newsletter · 06. June 2020
Digital EU unveils its consultation on the Digital Services Act Package The Commission launched on June 3rd, 2020 its awaited public consultation on the Digital Services Act. The consultation, open until 8 September, covers issues such as safety online, freedom of expression, fairness and a level-playing field in the digital economy. Executive Vice-President Margrethe Vestager said: “The Internet presents citizens and businesses with great opportunities, which they balance against risks that...
EU Newsletter · 18. May 2020
Trying to fight against late payments and helping make sure that companies are paid on time is a key initiative promoted by the European Commission already in with the adoption of the Late Payments directive. Since this first time, the EU has also been working on adapting the late payments directive and also on ensuring it was correctly implemented by the various Member States, for example through various workshops and round table work on Late Payments attended by FEBIS representatives over the...
EU Newsletter · 13. May 2020
European Commission consults on its Action Plan for a comprehensive Union policy on preventing money laundering and terrorist financing On May 7, the European Commission unveiled a new public consultation its Action Plan for a comprehensive Union policy on preventing money laundering and terrorist financing The objective of the consultation is to seek comments on the 6 pillars outlined by the draft EC Action Plan on AML which are: · Ensuring the effective implementation of the existing EU...
EU Newsletter · 17. April 2020
European Commission unveils consultation on Digital Finance On April 3rd, the European Commission unveils a new public consultation on a Digital Finance, which will feed input into the EU new Digital Finance Strategy planned for Q3 2020. It is crucial that Europe grasps all the potential of digital age across the economy, including in the financial sector. As set out in the Commission work programme, given the broad and fundamental nature of the challenges ahead for the financial sector, the...
EU Newsletter · 14. April 2020
SPOTLIGHT OF THE MONTH
The pandemic of the Covid-19 has spread out everywhere on the planet and has already had big consequences on companies and on people globally. The focus is of course put on getting health resources at their maximum level and try to put brakes on the evolution of the epidemy, and many countries have adopted tight lockdown policies with people urged to stay at home to avoid dissemination of the virus. Aside from the health issue, this also has dramatic consequences for ...
EU Newsletter · 27. March 2020
SPOTLIGHT OF THE MONTH
The European Commission unveiled mid-February 2020 its long -awaited EU Data Strategy, together with the expected plan on Artificial Intelligence.
Both proposals insist on the importance of enabling better data access and data sharing, not only regarding public sector data (PSI or G2B) but also about private data sharing with public bodies (B2G) or between businesses themselves (B2B).
EU Newsletter · 01. January 2020
January 2020 EU affairs newsletter EU Work programme EU Commission 2020 work program insists on data, digital and SMEs Company reporting EU Commission consults on its Roadmap on the revision of the Non-Financial Reporting directive Public Sector Information Documents from the last PSI Expert Group meeting available Capital Markets Union Council sets objectives for the deepening of the project FinTech EC Expert Group on Regulatory Obstacles to Financial Innovation produced report on action to...
EU Newsletter · 01. November 2019
November 2019 EU affairs newsletter E-commerce Council agrees on new rules for exchange of VAT payment data VAT Council reaches provisional agreement on simplified rules for small businesses Consumer law EU consumers' protection to be reinforced FinTech Google to offer checking bank accounts in partnership with banks in 2020 Data Protection European Data Protection Board Guidelines on Territorial Scope European Data Protection Board Guidelines on Data Protection by Design & Default Company...
EU Newsletter · 01. October 2019
October 2019 EU affairs newsletter Data protection CJUE ruling on cookies consent Finance ESA’s priorities for 2020 SME Finance FEBIS takes part in SME Finance Forum in Amsterdam European Data Protection Board Italian New rules for credit reporting systems in the digital economy Late payments FEBIS takes part in the Late Payments reflexion workshop organised by the European Commission Data & E-privacy Data protection CJEU rules that right to be forgotten applies only to EU individuals EBA...