From today, sending money across the euro area will be faster and safer than ever. Thanks to new EU rules on instant payments, people and businesses can now transfer money in euro within seconds, anytime – day or night, weekdays or weekends – whether within their own country or across the euro area. Since January 2025, payment service […]
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Voluntary sustainability reporting standard to ease burden on SMEs
The Commission has adopted last July 30 a recommendation on voluntary sustainability reporting for small and medium-sized companies (SMEs). The recommendation presents a voluntary standard that will make it easier for SMEs that are not covered by the Corporate Sustainability Reporting Directive (CSRD) to respond to specific requests for sustainability information from large financial institutions and companies. The […]
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Commission unveils anti-fraud revamp to protect the EU budget
Last July 16 the Commission has launched a structured reflection process for the review of the EU Anti-Fraud Architecture. The review complements the preparatory work on the next multiannual financial framework (MFF). Its aim is to ensure a strengthened and more efficient protection of the Union’s financial interests. The review of the EU Anti-Fraud Architecture […]
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CETA evaluation shows strong economic and social benefits
A study published last June 16 has found the EU and Canada Comprehensive Economic and Trade Agreement (CETA) boosted trade exports and diversified supply chains across all EU Member States. The study – carried out by independent experts, as part of the Commission’s commitment to evidence-based policy making – provides solid proof that open, rules-based, […]
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Commission requests information for European savings and investment accounts scheme
The European Commission invites citizens and stakeholders to contribute to the development of a European savings and investment account scheme. This initiative, which is part of the Savings and Investment Union Strategy, aims to make it easier for citizens to participate in capital markets, improving the profitability of their savings while increasing the finance available […]
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European Commission revises high-risk countries list to boost global efforts against financial crime
The European Commission has updated its list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. EU entities covered by the AML framework are required to apply enhanced vigilance in transactions involving these countries. This is important to protect the EU financial system. A number […]
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Make Europe your base for startup success
The European Commission has launched an EU startup and scaleup strategy to make Europe a great place for starting and growing global technology-driven companies. Startups and scaleups drive innovation and sustainable growth, create high-quality jobs, attract investment and reduce strategic dependencies. However, too many still struggle to take ideas from lab to market or […]
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Council adopts regulation on financial benchmarks to ease burden on SMEs
The Council adopted on 24 March a regulation on financial benchmarks, which aims to cut red tape for EU companies, in particular for SMEs. Benchmarks are generally used by companies and investors in the EU as a reference in their financial instruments or contracts. This Regulation amends a 2016 Regulation as regards the scope of […]
Read MoreSavings and investments union: better financial opportunities for EU citizens and businesses
The Commission has adopted a new strategy to channel savings into productive investments. It seeks to increase EU citizens’ participation in capital markets with broader investment options and improved financial literacy, fostering their wealth and boosting the EU economy. About 70% of household savings in the EU – worth €10 trillion – are held as bank deposits. They are safe and […]
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