Verhofstadt: "Ecofin fools itself - decision to merge the EFSF and ESM is still just another stop-gap remedy to the crisis"
30/03/2012
"The decision of Ecofin of today to merge the EFSF and ESM will not provide long-term stability to bond markets if the crisis sucks in larger Eurozone economies" said ALDE Group Leader Guy Verhofstadt following the consensus...
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New Derivatives regulation: EP ensures more choice and efficient services for consumers
29/03/2012
Today the European Parliament has signed off, after months of negotiations with the Council and the Commission, a first reading agreement on regulating the trading of over-the-counter (OTC) financial derivatives, partly blamed...
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Economic governance: Council and Commission must stick to the '6 pack' deal
16/11/2011
Today the President of the European Parliament officially signed the six legislative acts on economic governance ('6 pack') adopted by the Parliament on September 28th and agreed by the Council.
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Trichet guarantees solid structure of the European System Risk Board
07/02/2011
"We are finally addressing the fragmentation of the previous regulatory and supervisory structures which have been until now unable to respond to the fast moving European integrated financial markets." said ALDE MEP Sylvie...
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EP seeks assurances from Council and Commission on independence of European supervisory authorities
01/02/2011
Sylvie Goulard (Modem, France), ALDE coordinator on the European Parliament's economic affairs committee (ECON) and one of the rapporteurs on the financial supervision package has expressed concerns on the way the establishment...
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Verhofstadt: ALDE group satisfied with agreement on EU financial supervision
22/09/2010
Today the EP approved with a large majority the establishment of an EU financial supervision. Guy Verhofstadt said: "I am very satisfied that today this long battle has ended with a happy ending.
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ALDE: deal establishing European financial supervision a big step forward
03/09/2010
In the final deal agreed in principle today, Council agreed with ALDE's key demand (supported by the main political groups of Parliament) that the President of the European Central Bank be also the President of the new European...
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Stress tests: EU must prepare a follow-up plan
14/07/2010
The Liberals and Democrats, the first political group in the European Parliament last year to draw attention to the importance of undertaking stress tests on European banks, is calling on ECOFIN Council of Finance ministers...
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European Parliament strikes at bankers´ bonuses and casino banking
07/07/2010
The European Parliament today approved a directive, known as CRD3, which aims to strengthen the capital requirements for banks and capping the bonus culture that led to irresponsible speculation and fuelled the recent financial...
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Flexible on the procedure, firm on the substance
07/07/2010
Flexible on the procedure: the ball is sent back into the finance ministers' court. The four main groups of the Parliament (EPP, S&D, ALDE, Greens) united to vote in the plenary the amendments on the "packet" of financial...
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