EU Council Presidency Review of the 2020 German Council Presidency
Now that Germany’s six-month Council Presidency has drawn to a close, it is clear that Europe has proved its worth in the face of the crisis and shown that it is capable of taking effective action.
EU Council Presidency Interview with Thomas Westphal, Director-General for European Policy
Thomas Westphal looks back on Germany’s Council Presidency in the second half of 2020.
Financial markets More “bite” for the Financial Supervisory Authority
Former German Finance Minister Olaf Scholz wants to reform the Federal Financial Supervisory Authority (BaFin) fundamentally to make it more flexible and effective. In particular, BaFin will be given the authority to focus more heavily on preventive action and investigate suspicious cases more swiftly and efficiently as part of financial reporting enforcement.
EU Council Presidency German Recovery and Resilience Plan (GRRP)
The Covid-19 crisis constitutes one of the biggest challenges in the history of the European Union and the Federal Republic of Germany in terms of its impact on health, society and the economy. The European Union has taken robust action in response to the crisis during Germany’s EU Council Presidency. With the recovery instrument “Next Generation EU“, which amounts to €750 billion, and its …
Following the United Kingdom’s withdrawal from the European Union on 1 February 2020, the agreed transition period is ending on 31 December 2020. This means that the UK will leave the single market and the customs union, and that EU rules will no longer apply to it. Below you can find some initial information issued by the German government. The German Finance Ministry is currently reviewing the …
EU Council Presidency Panel Discussion “What is needed to deepen the Capital Markets Union”
Deepening the capital markets union is one of the most important projects required to create a real single market for financial services. To discuss further steps, the German Council Presidency invited representatives of European institutions as well as Germany’s two partners in the presidency trio, Portugal and Slovenia, to a virtual panel discussion that took place on 16 December 2020.
EU Council Presidency 7th International Tax Symposium (online conference)
“Fair taxation for a strong Europe – Germany’s presidency of the Council of the EU in 2020”
EU Council Presidency Conference “Making Europe fit for a post-Covid world”
In the context of the German Council Presidency, the German Federal Ministry of Finance and the Centre for European Policy Studies (CEPS) jointly hosted the international online conference “Making Europe fit for a post-Covid world” on 11 December 2020.
EU Council Presidency European Council reaches agreement on recovery fund
On the evening of 10 December 2020, talks chaired by European Council President Charles Michel saw the EU member states reach agreement on the last contested points of the next Multiannual Financial Framework (MFF) which covers the 2021 to 2027 period.
EU Council Presidency High-level discussion on the fight against money laundering and terrorist financing
The fight against money laundering and terrorist financing is not just a German priority, but also a European priority. The urgent next steps were discussed on 9 December 2020 at the initiative of the German EU Presidency. The Virtual Panel was composed of high-ranking participants from the European institutions, future Council Presidencies and the financial industry.