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By Silvia De IACOVO, ABBL
On 1 July, under the motto “Together for Europe’s recovery”, Germany took over the Presidency of the Council of the European Union from Croatia and announced its priorities for the next six months, including several aspects related to financial services. The Presidency programme focusses on the banking- and capital market unions, digital finance, the fight against money laundering and terrorism financing, and sustainable finance.
With regards to the Banking Union, the German government aims at further integrating the European banking system by creating an efficient crisis management framework made of a European deposit insurance and by introducing a regulatory treatment of sovereign risks. They also committed to...
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