A single EU supervisor for money laundering could be proposed within 100 days of a new European Commission taking office in November, according to an internal document seen by MLex.
The subsequent months would see a string of legal proposals: to increase the capital banks must hold, to impose EU constraints on senior bank executives and to directly supervise the likes of IBM and Amazon for the banking data they hold, the document said.
The 170-page document appears to have been drafted by officials from across the bloc’s executive arm to brief the incoming administration headed by President Ursula von der Leyen about each department’s priorities. It's unclear whether the document seen by MLex is a draft or final version.
Laundering supervisor, Brexit bank scrutiny top next EU commission's financial work list
22 August 2019 9:19pm