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: Heike Nortmann

Head of Financial Services Unit: Sebastian Thomasius

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