The ECB’s Directorate General Market Infrastructure and Payments is responsible for the euro payment, securities settlement and collateral management systems, collectively referred to as “TARGET services”. Its tasks include overseeing the financial market infrastructure and payment instruments in the euro area, thereby contributing to the smooth functioning of financial markets. It also works with the […]
Commission proposes to cut red tape and simplify business environment
The European Commission has adopted new proposals that will cut red tape and simplify EU rules for citizens and business. In the recent Competitiveness Compass, the Commission set out its vision to make the EU’s economy more prosperous and competitive, building on the recommendations of the Draghi report. To regain competitiveness and unleash growth, the EU needs to foster […]
Commission brings relief to European consumers and businesses with Action Plan to save €260 billion annually by 2040
The EU is at a crucial turning point for its competitiveness, decarbonisation and security, with a clear need to act. Structurally high energy costs are hurting our citizens and businesses. The challenges are clear, and so is the role of the European Union to address them. Today, the Commission is putting forward an Action Plan with short-term […]