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Finance

euro coins and charts, © picture alliance / Klaus Öhlenschläger
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