euro coins and charts

euro coins and charts, © picture alliance / Klaus Öhlenschläger

28.11.2022 - Article

The Finance Department has the following responsibilities:

European financial policy:

Joint Economic and monetary policy (e.g. Stability and Growth Pact, Recovery and Resilience Facility (RRF), EU-coordination of economic policies via e.g. the „European Semester“).

Economic situation of the EU and the euro area

Horizontal financial issues

European tax policy:

Direct taxation: in particular taxation of savings and company taxation Indirect taxes, in particular VAT, excise duty, energy tax
Cooperation between tax administrations of the Member States

European budgetary policy:

Annual budgetary procedure

Financial Regulation

Multiannual Financial Framework (MFF)

Own Resources System

Budgetary Control issues

Protection of the financial interest of the EU

European customs policy:

EU customs legislation and policy

Cooperation between customs administrations of the Member States

Carbon Border Adjustment Mechanism

European financial market policy (Financial Services Unit):

Horizontal questions related to the regulation of financial services and the integration of financial markets in the EU

Financial stability

Sustainable finance and digital finance

Regulation and supervision in the area of banking, insurance, securities and asset management

Legislation on payments

Anti-money laundering (AML) and countering the financing of terrorism (CFT) and other forms of financial crime

Relations with third countries in the field of regulation and supervision of financial services (equivalence)

Head of Finance Department: Nicole Rosin

Head of Financial Services Unit: Sebastian Thomasius

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