The European Council today set out its position on the establishment of a single resolution board and a single fund for the resolution of banks. It called on the presidency to start negotiations with the European Parliament with the aim of agreeing the regulation on the single resolution mechanism (SRM) at first reading before the end of the Parliament's current legislature (May 2014). The compromise reached within the Council consists of a draft regulation on the single resolution mechanism, and a...

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December 19, 2013 -- Today, at the mid-point of the third round of Transatlantic Trade and Investment Partnership (TTIP) negotiations, US and EU negotiators took time to share information with and hear viewpoints from more than 350 stakeholders from environmental, consumer, and other non-governmental organizations, labour unions, business, and academia. US Chief Negotiator Dan Mullaney and EU Chief Negotiator Ignacio Garcia-Bercero and their teams participated in a three-hour session. This included more than 50 policy presentations on issues including consumer...

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"I welcome the appointment by the Member States of Danièle Nouy as first Chairperson of the Supervisory Board of the Single Supervisory Mechanism (SSM) (IP/12/953). Her nomination was approved by the European Parliament last week." "As Chair of the Supervisory Board of the SSM, Danièle Nouy will play a central role in the banking union. She is an excellent choice for the tough job ahead. Building a brand new structure to supervise banks in Europe is a major challenge and...

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Writing in today's edition of The Hill, European Union Ambassador to the United States João Vale de Almeida welcomes the WTO agreement reached in Bali last week as it sets up a promising 2014 for global trade. This is particularly encouraging as the EU and the U.S. are moving ahead at full speed with the third round of Transatlantic Trade and Investment Partnership (TTIP), which takes place in Washington, DC next week. "Both the U.S. and EU need open economies...

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