Press Release, 5/14/2019 The EU will soon have in place simplified rules for non-financial counterparties, small financial counterparties and pension funds using financial derivative products. The Council today adopted a regulation improving the existing regulatory framework applying to the over-the-counter (OTC) derivative market. The European Market Infrastructure Regulation (EMIR), adopted in 2012, forms part of the European regulatory response to the financial crisis, and specifically addresses the problems encountered in the functioning of the OTC derivatives market during the 2007-2008 financial crisis. The...

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Brussels, 30 April 2019 Ahead of the meeting of EU27 leaders in Sibiu, Romania, on 9 May 2019, the European Commission is today setting out a number of policy recommendations for how Europe can shape its future in an increasingly multipolar and uncertain world. With the European Parliament elections on 23-26 May 2019 and the change of political leadership of the EU institutions that will follow, the time has come for new policy orientations and new priorities. As both the priorities...

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Brussels, 9 April 2019 Ladies and gentlemen, I'd like to warmly thank today's participants for the insightful discussion about the future of work. One clear message from the Conference is that ‘the future of work is already today'. This means that when we talk of the ‘future of work', if we want to be correct in our English grammar, we should really be speaking about the ‘present continuous of work'. It's not a question of saying ‘labour markets will change'. Rather, it's already clear...

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The European Commission has today decided to appoint David O'Sullivan, former EU Ambassador to the United States of America, as Special Adviser to President Jean-Claude Juncker on EU-U.S. relations. In this capacity, he will advise the President on strategy and priorities in relations with the U.S. Mr O'Sullivan was the Ambassador of the European Union to the United States from 2014 to 2019. Previously, he was the Chief Operating Officer of the European External Action Service (EEAS), in charge of its establishment at the...

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