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March Update: Financial Services

26 February 2018

Work is beginning behind the scenes as the EU moves towards developing its next Multiannual Financial Framework - the all-important regulatory structure determining annual financial allocations.

Meanwhile, preparations are underway for the key Council meeting that will see member states approve the negotiating brief for the next phase of Brexit talks.

Here, Florian Braeu, DeHavilland EU's Policy Analyst for Financial Services, gives you the lowdown on what to watch out for this March.

What's on the agenda this month

by Florian Braeu, EU Policy Analyst

March will see a variety of Financial Services Commission initiatives, led by the Capital Markets Union package.
As part of the package, Vice-President Dombrovskis will present an Action Plan on sustainable finance following the High-Level Group’s report last month.
Moreover, the Commission will launch an initiative on fintech with the goal to prepare the EU for new digital developments within the field of Financial Services.
With regard to the Banking Union, new proposals on the development of secondary markets for non-performing loans (NPLs) are expected around mid-March, accompanied by the 2nd Progress Report on the implementation of the Action Plan on NPLs.

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Florian Braeu, EU Policy Analyst
Florian Braeu
EU Policy Analyst

Florian is an EU Policy Analyst who works with DeHavilland EU's Financial Services clients. A graduate of Ludwig-Maximilians Universität in Munich and the University of St Andrews, he has previously worked in the office of an MEP and at the German Embassy in Beijing.