Financial Services

  • 2016 – A year of big change for asset managers and the financial community in Europe

    2016 will be a busy year for financial services in Brussels thanks to the amount of legislation currently under scrutiny and the number of amendments to regulations affecting the financial services sector that are being considered. With the implementation of MiFID II (Markets in Financial Instruments Directive) including the possible postponement by a year of its application, and with…

  • Completing the Banking Union? Reducing the link between banks and sovereigns

    Yesterday the European Commission adopted a roadmap for a Eurozone-wide (re-)insurance scheme for bank deposits by 2024 and set out further measures to complete the Banking Union. The creation of a Single Supervisory Mechanism (SSM) has already achieved a rather strong separation of banks from national control through pressure exerted by supervisors. In addition, the…

  • Tax transparency: a means to an end?

                      Today’s corporate tax rules are fiendishly complicated and both governments and businesses alike would benefit from a simpler, more transparent system. For decades, governments globally have aggressively courted foreign investment for its benefits in terms of future job creation and economic growth. Tax incentives are one…

  • Our office is growing!

    It’s been an exciting start to the year here in Brussels with the addition of seven new team members to strengthen our Competition, Trade and Financial Services practices. The additions include senior professionals from within the European Commission including Massimo Baldinato, John Clancy, Kyra Obolensky and Roeland Van der Stappen as Senior Directors, Robrecht Vandormael…

  • Shaping the Capital Markets Union

    To date the market for bonds, stocks and derivatives remains highly fragmented along national borders. Barriers to a genuine European capital market range from the high administrative cost to access capital markets and national limitations to what assets pension funds can invest in, to the general lack of trust of retail investors in financial markets…

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