Crowd-funding for SMEs

Parliament’s negotiating team reached a deal with the Council on Wednesday on EU-wide rules to help crowdfunding services function smoothly and foster cross-border business funding. The uniform set of criteria will apply to all European Crowdfunding Service Providers (ECSP) up to offers of EUR 5 000 000 (from EUR 1 000 000 proposed by the…

EU Needs Anti-Money Laundering Authority

The EU needs its own anti-money laundering authority. This is acknowledged by the six finance ministers from Germany, France, Italy, Spain, the Netherlands and Latvia in a joint position paper. Olaf Scholz and his five counterparts want a European money laundering supervisory authority to coordinate and supervise national authorities in the financial sector and, if…