On Thursday 11 January, MEPs on the European Parliament’s Committee on Economic and Monetary Affairs (ECON) examined the draft report by Othmar Karas (EPP, Austrian) on amendments to several European regulations on financial services.
In total, five regulations are covered by this text, which proposes to lighten the reporting requirements for companies and financial sector players in the European Union.
The proposal, initiated by the European Commission last October, calls for the...