MEPs approve Bruna Szego as Chair of the EU Anti-Money Laundering Authority | News

MEPs approve Bruna Szego as Chair of the EU Anti-Money Laundering Authority | News

Ms Szego, who currently leads the anti-money laundering supervision and regulation unit at the Bank of Italy, received 569 votes in favour, 20 against, and 61 abstentions. Based in Frankfurt, the new EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) is tasked with coordinating the actions of national financial intelligence units … Read more

Hearing of Executive Vice-President-designate Teresa Ribera Rodríguez | News

Hearing of Executive Vice-President-designate Teresa Ribera Rodríguez | News

In her opening remarks, Ms. Ribera paid tribute to the victims of the recent floods in Valencia, Spain. She committed to maintain the course of the European Green Deal to meet climate targets and set-up a new approach to competition policy that is supportive of European companies to achieve a global level playing field. Combatting … Read more

Hearing of Executive Vice-President-designate Stéphane Séjourné | News

Hearing of Executive Vice-President-designate Stéphane Séjourné | News

In his introductory statement to the Industry, Research and Energy, Internal Market and Consumers, Economic Affairs and Environment Public Health and Food Safety committees, Mr Séjourné announced a future pact on clean industry to lay the foundations “for an industrial policy suited to our time”, stressing that the EU will need to decarbonise and reindustrialise … Read more

Hearing of Commissioner-designate Valdis Dombrovskis | News

Hearing of Commissioner-designate Valdis Dombrovskis | News

A smart and fair economy In his introductory speech, Mr Dombrovskis pledged to improve the coherence, social fairness, and cohesion at the core of Europe’s economic model. The new economic governance rules are fit for purpose, Mr Dombrovskis said, adding that he will make sure that they are enforced “in a credible and even-handed way”. … Read more

Hearing of Commissioner-designate Wopke Hoekstra | News

Hearing of Commissioner-designate Wopke Hoekstra | News

At the start of the hearing, Mr. Hoekstra paid tribute to the victims of the recent floods in Valencia, Spain and highlighted the need to improve Europe’s ability to prepare for growing climate-related risks. In his introductory speech, the Commissioner-designate underlined his strong commitment to achieving climate neutrality by 2050 and confirmed he would present … Read more

Hearing of Commissioner-designate Maria Luis Albuquerque | News

Hearing of Commissioner-designate Maria Luis Albuquerque | News

In her introductory statement, Maria Luis Albuquerque from Portugal pledged to focus on the stability and integrity of the EU financial system as the basis for a strong and competitive European economy. If confirmed, Ms Albuquerque said she intends to actively support innovation and inclusive growth while encouraging social mobility and empowering consumers. She promised … Read more

Committees elect Chairs and Vice-Chairs | News

MEPs approve Bruna Szego as Chair of the EU Anti-Money Laundering Authority | News

A committee bureau (Chair and up to four Vice-chairs) is elected for a two- and- a- half- year mandate. Committees deal with legislative proposals, appoint negotiating teams to conduct talks with EU ministers, adopt reports, organise hearings and scrutinise other EU bodies and institutions. This text will be continuously updated throughout the day. More information … Read more

Exclusive | What lesson does Stalin’s Cold War ‘mistake’ have for Russia, China and the US today? A Chinese historian weighs in

Exclusive | What lesson does Stalin’s Cold War ‘mistake’ have for Russia, China and the US today? A Chinese historian weighs in

However, Kim Il-sung was the leader of North Korea but his authority was given by [Joseph] Stalin, so generally North Korea still followed the Soviet Union. After China-Soviet relations soured, Mao took a very important step, which was to withdraw all the People’s Volunteer Army forces stationed in North Korea. This meant that China would … Read more

New EU rules to combat money-laundering adopted | News

New EU rules to combat money-laundering adopted | News

The new laws ensure that people with a legitimate interest, including journalists, media professionals, civil society organisations, competent authorities, and supervisory bodies, will have immediate, unfiltered, direct and free access to beneficial ownership information held in national registries and interconnected at EU level. In addition to current information, the registries will also include data going … Read more

New EU fiscal rules approved by MEPs | News

MEPs approve Bruna Szego as Chair of the EU Anti-Money Laundering Authority | News

The new rules, approved on Tuesday, were provisionally agreed upon between European Parliament and member state negotiators in February. Focus on investments MEPs significantly beefed up the rules to protect a government’s capability to invest. It will now be more difficult for the Commission to place a member state under an excessive deficit procedure if … Read more