Brussels, 21 May 2014 -- Today, 26 Member States have signed the Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund (SRF), an essential part of the Single Resolution Mechanism (SRM) - STATEMENT/14/119. This is an important signal of the commitment of Member States, to make the banking union a success. The Agreement signed today is a key component of the SRM as it is the pre-requisite to the application of certain provisions in the SRM...

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With most financial reform measures now adopted, the European Commission has today published a first comprehensive review of the financial regulation agenda as a whole. This economic review sets out how the reforms will deliver a safer and more responsible financial system by enhancing financial stability, deepening the single market for financial services and improving its efficiency whilst improving market integrity and confidence. Evidence suggests that the total expected benefits of the financial regulation agenda will outweigh the expected...

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NEGOTIATIONS The fifth round of U.S. - EU negotiations on the Transatlantic Trade and Investment Partnership (T-TIP) agreement will take place in Arlington, Virginia from May 19 – 23, 2014.  The negotiating teams will discuss the full range of T-TIP negotiating issues including, trade in goods and services; investment; regulatory issues; sanitary and phytosanitary measures; government procurement; intellectual property rights; electronic commerce and telecommunications; environment; labor; small and medium-sized enterprises; and energy and raw materials. STAKEHOLDER FORUM On the margins of the...

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The European Commission today publishes negotiating positions in five more important topics of current talks with the US on a future trade and investment deal, the Transatlantic Trade and Investment Partnership (TTIP). This follows publication in July 2013 of our initial positions and is part of our efforts to be fully transparent about the negotiations (more on our transparency efforts). The papers released today include proposals for enhancing the compatibility of each other’s existing rules and regulations, or working more closely...

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Today, Secretary Penny Pritzker announced NEI/NEXT – a data-based, customer service-driven initiative to ensure that more American businesses can fully capitalize on markets that are opening up around the world. Through five core objectives, NEI/NEXT will build on Administration-wide achievements under the National Export Initiative (NEI), to help all businesses reach the 95 percent of consumers who live outside the United States. Under the NEI, the United States has had four straight record-breaking years of exports – hitting an all-time high...

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