EU-US Trade Negotiations Launched

In a letter to the United States Treasury Department, the EBF has stressed the need for a regulatory framework for financial services to be included in EU-US Transatlantic Trade and Investment Partnership (TTIP) negotiations, launched 17 June 2013. Their announcement follows the final report of the High Level Working Group on Jobs and Growth, recommending [...]

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Europe’s banks committed to Long-Term Financing

Europe’s banks have reiterated the important economic function of their role as intermediary between lenders and borrowers. In response to the European Commission Green Paper on Long-term Financing of the European Economy, the EBF highlights the fact that long-term financing is key to supporting structural economic change and a return to growth. The European Banking [...]

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The cacophony of information exchange for tax purposes

The fight against tax fraud and off-shore tax abuses has become a major concern for tax authorities within the European Union and worldwide. The main focus today, is on ensuring effective home country taxation of individuals by requiring information reporting from the host country’s financial intermediaries, which have to play an increasing role as so-called ‘tax [...]

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EBF holds Panel Discussions on IFRS 9

In June 2013, the EBF hosted panel discussions on International Financial Reporting Standards (IFRS 9), which brought together standard setters, policy-makers and representatives from key stakeholders, including the audit community, to discuss the objectives and implications of the reform of accounting for financial instruments on the economy in broader terms. The event was organised into three [...]

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XBRL – The New Supervisory Reporting Framework

At a speech which he delivered at an XBRL Conference in London on 7 July 2013, Robert Priester, Deputy Chief Executive of the European Banking Federation, highlighted that the emergence of a Single Rule Book which the new Capital Requirements Regulation will achieve is a major break-through considering that, as a result, the national reporting [...]

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