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ARTICLE · 05 DECEMBER 2024

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Looking Ahead: European Developments - Horizon Scanner: Finance, December 2024

Arthur Cox
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Following the European Parliament's approval of the incoming EU Commissioners (Parliament approves the "von der Leyen II" Commission (European Parliament))...

European UnionTechnology
Arthur Cox
Arthur Cox
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NEW EUROPEAN COMMISSIONER BEGINS WORK

Following the European Parliament's approval of the incoming EU Commissioners (Parliament approves the "von der Leyen II" Commission (European Parliament)), and the subsequent approval by the European Council, the incoming EU Commission formally began work from 1 December 2024.

The new Commissioners include Maria Luís Albuquerque: the Commissioner for Financial Services and the Savings and Investments Union. Priorities already outlined for the new Commissioner by Commission President Ursula von der Leyen for the next 5 years include:

  • Developing a European Savings and Investments Union, including banking and capital markets. Unlocking digital finance and harnessing sustainable finance will be key aspects of that part of the role.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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