Commission consults on country-by-country reporting: The Commission services are consulting on the potential economic consequences of country-by-country reporting under the fourth Capital Requirements Directive (CRD 4). The Commission seeks views on the potential economic consequences of public disclosure by banks and investment firms, on a country-by-country basis, of their profit and loss before tax, tax on profit or loss and public subsidies received. The consultation ends on 12 September. (Source: Commission Consults on Country-by-Country Reporting)

Juncker plans Capital Markets Union: In his speech at the European Parliament before being elected as new president of the Commission, Jean-Claude Juncker called for the development of a Capital Markets Union, the swift adoption of the fourth Money Laundering Directive and its beneficial ownership identification provisions, and the creation of a mandatory lobby register. (Source: A New Start for Europe)