Tackling money laundering is a longstanding policy priority, but one pursued with limited success. The EU Commission is announcing an AML action plan in July, but a new approach is needed.
Between 2 and 5% of global GDP is thought to be laundered every year, whereas only 1.1% is recovered. The CEPS-ECRI report sets out key recommendations for a new approach to the fight against money laundering
The ECRI Statistical Package 2020 provides data on outstanding credit granted by monetary-financial institutions (MFIs) to households and non-financial corporations (NFCs) for the period from 1995 to 2019
The new EBA guidelines on loan origination and monitoring aim to improve the lending standards and asset quality of lenders after June 2021, and bring together the prudential standards for lenders, borrower protection, anti-money laundering and sustainability
The originality of the present study is to analyse whether sharing more comprehensive data improves the functioning of credit markets in European countries. Does a higher comprehensiveness in the data collected matter for credit markets?
Karel Lannoo, Tarik Tawfik, Monique Goyens, Martin Schmalzried, Edward Simpson, Georg J Huber, Lucia Pecchini, Olivier Jerusalmy, Olha Cherednychenko, Marieke van Berkel, Chiara Dell’Oro, Mick McAteer, Lu Zurawski
The autumn season will be very busy with the confirmation of the new Commissioners and the start of the new College on November 1st.
The ECRI Commentaries Series provides short comments on ongoing developments as regards credit markets and other relevant developments in the field of financial services. ECRI researchers as well as external experts contribute to this series.
The institute's flagship publication provides the latest available statistical information on consumer and other credit to households in Europe, allowing its user to make meaningful comparisons between all 27 EU member states.
The ECRI Policy Brief Series provides short analyses of ongoing developments affecting credit markets in Europe. ECRI researchers as well as external experts contribute to this series.
Time to get serious on AML policy in Europe
Tackling money laundering is a longstanding policy priority, but one pursued with limited success. The EU Commission is announcing an AML action plan in July, but a new approach is needed.