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The ECB needs political guidance on secondary objectives
DISCLAIMER: All opinions in this column reflect the views of the author(s), not of EURACTIV Media network. 22-04-2021
While EU Treaties clearly stipulate that the European Central Bank “shall support the general objectives of the European Union , politicians cannot simply stand by, hoping that it will use its discretionary power to act on them, writes Grégory Claeys. EPA-EFE/RONALD WITTEK
Minister Donohoe announces establishment of Commission on Taxation and Welfare
Commission will look at how best to support economic activity while ensuring sufficient resources available to meet costs of public services
The Minister for Finance, Paschal Donohoe, TD, has today (Monday) announced the establishment of the Commission on Taxation and Welfare, chaired by Professor Niamh Moloney.
As set out in the Programme for Government, the Commission of Taxation and Welfare is being established to independently consider how best the taxation and welfare systems can support economic activity and promote increased employment and prosperity. This is while ensuring that there are sufficient resources available to meet the costs of the public services and supports in the medium and longer term.
The European Commission published a
30 March
FSB”) published a
speech made by Randal Quarles, FSB Chair, that sets out details of the FSB s areas of focus for 2021.
European Securities and Markets Authority (“
ESMA”) published an updated version of its
Q&As (ESMA34-32-352) on the application of the Alternative Investment Fund Managers Directive (EU/2011/61) (“
AIFMD”).
HM Treasury published a
statement concerning the first meeting of the Joint Committee established under the UK-US bilateral agreement on insurance and reinsurance prudential measures.
ESMA published its
final report (dated 23 March 2021) (ESMA74-362-1013) on reference data and transaction reporting obligations under the Markets in Financial Instruments Regulation (600/2014) (“
26 February
The Financial Conduct Authority (“
FCA”) published Handbook Notice 85, which sets out changes to the FCA Handbook made by the FCA Board on 25 February 2021.
The Financial Action Task Force (“
FATF”) published a document setting out the outcomes from its plenary meeting on 22, 24 and 25 February 2021.
The FCA published a report on its review of product governance in a sample of asset management firms.
The European Securities and Markets Authority (“
ESMA”) issued a press release announcing the publication of revised version of its Q&As on the EU Securitisation Regulation.
ESMA published a consultation paper on draft technical standards under the Regulation on European crowdfunding service providers for business ((EU) 2020/1503) (“