Speech by Ben Broadbent Deputy Governor, Monetary Policy Bank of England at at London School of Economics | March 2, 2016 This morning I’m going to talk about money. This should be a routine topic for a central banker, particularly one whose job title includes the word “monetary”.  It’s nonetheless ground on which one treads with a bit of trepidation.  That’s partly because some of the big questions involved – what money is, why it exists, how and by whom its...

At the BUSINESSEUROPE Day in Brussels today, Prime Minister Mark Rutte spoke about the challenges facing the EU single market. The single market has already brought member states many benefits, but its huge potential is still not being fully exploited. The theme of the day was ‘reform to perform’. Many EU companies are opting to do business with the US or Far East, rather than with the 500 million consumers on their doorstep. EU rules that should be assisting them...

Excellencies, colleagues and friends It is a real pleasure to be at the Atlantic Council with its strong tradition of bringing together leaders from Europe and the United States. We always have plenty to talk about! I'm particulary pleased to see Jose-Manuel here, who guided us through perhaps the most difficult period in Europe's recent history. I joined the Commission right at the end of his second mandate in the summer of 2014. We had already come a long way since the...

Today, the European Commission presented an assessment of the implications for the European Union of the new global climate agreement adopted in Paris in December 2015. The assessment looks at the next steps in the process and how the Paris Agreement will be implemented in the EU. The assessment is also accompanied by a proposal for the European Union to sign the Paris Agreement. Vice-President for the Energy Union Maroš Šefčovič said: "The Paris Agreement sends a strong signal that the...

REITERATES that the Single Market is Europe's main engine for growth and job creation and a key to investment and increasing European competitiveness. EMPHASISES that strengthening and deepening the Single Market requires urgent and ambitious actions, both at Union and national level, to deliver concrete and pragmatic results which directly benefit consumers and businesses, in particular SMEs. UNDERLINES that the Single Market Strategy, together with the Digital Single Market Strategy and the Capital Markets Union, constitute essential drivers for future-proof...

The European Commission today issued the legal texts that will put in place the EU-U.S. The European Commission today issued the legal texts that will put in place the EU-U.S. Privacy Shield and a Communication summarizing the actions taken over the last years to restore trust in transatlantic data flows since the 2013 surveillance revelations. In line with President Juncker's political guidelines, the Commission has (i) finalised the reform of EU Data protection rules, which apply to all companies providing...

This agreement is a clear break from the current ISDS system and shows the commitment to work together to establish a multilateral investment tribunal. The European Commission and the Canadian Government have agreed to include a new approach on investment protection and investment dispute settlement in the EU-Canada Comprehensive Economic and Trade Agreement (CETA). The negotiations on a free trade deal between the European Union and Canada were concluded in 2014 with a reformed investment dispute settlement system, notably with full transparency...

Cristian Popa has been appointed Vice-President and member of the Management Committee of the European Investment Bank (EIB) by the Bank’s Board of Governors, consisting of the 28 European Union Finance Ministers. A Romanian citizen and former Deputy Governor of the National Bank of Romania, Cristian Popa was appointed by the EIB’s Board of Governors on the basis of a proposal from the Minister of Finance of Romania. He will take up his duties on 1 March 2016. “It is an...