Grenada: IMF Executive Board Concludes 2023 Article IV Consultation
Grenada’ tourism-dependent economy continued to recover from the pandemic amidst rising energy and food prices. Growth is estimated to have…
ESMA performs an analysis of the cross-border investment activity of firms
19/07/2023 The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor,...
U.S. Federal Reserve Board: Enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates
The Federal Reserve Board on Wednesday announced two enforcement actions against Deutsche Bank AG, its New York branch, and other…
EBA publishes final guidance on overall recovery capacity in recovery planning
19 July 2023 The European Banking Authority (EBA) today published its final Guidelines on the...
Fund Management: ESMA publishes 2022 UCITS and AIFMD sanction reports
The reports published today contain an overview of the applicable legal framework and information on the penalties and measures imposed…
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The EU and Tunisia: Political agreement on a comprehensive partnership package
Today, the President of the European Commission Ursula von der Leyen, the Italian Prime Minister Giorgia Meloni and the Dutch…
ESMA publishes Report on Suspicious Transactions and Order Reports
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is today publishing a Report on…
Main results: Economic and Financial Affairs Council, 14 July 2023
The Commission presented its proposal for an adjusted package for the next generation of own resources. The package includes a…
EU Council adopts decisions in support of modernised export credits
Today the Council adopted two decisions setting the EU’s position on proposed changes to the Arrangement on officially supported export…
Main results of the Economic and Financial Affairs Council, 14 July 2023
Ministers exchanged views on financial support to Ukraine in the context of the mid-term revision of the EU’s long-term budget…
Macroeconomic imbalance procedure: EU Council adopts conclusions
RECALLS that the EU economy continues to show resilience despite a challenging environment marked by Russia’s unprovoked invasion of Ukraine,…
Main results: Eurogroup, 13 July 2023
The chair of the European Fiscal Board (EFB), Niels Thygesen, presented the board’s recent report on the euro area fiscal…
ESMA: National regulators strengthen their supervision of the compliance function
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its follow-up report to the…
EBA: EU/EEA banking sector shows rising profitability, but profitability related risks are looming
The European Banking Authority (EBA) today published its Q1 2023 quarterly Risk Dashboard (RDB). The publication presents the results of the…
Main results of the Eurogroup on 13 July 2023
"We agreed on the necessary euro area fiscal stance for 2024. It is to pursue a determined, gradual and realistic…
InvestEU kickstarts €250m of investment
The InvestEU Investment Committee approved a new guarantee, bringing the total of operations financed by the Council of Europe Development…
EU budget for 2024: EU Council agrees its position on the draft budget
Overall, the Council takes a prudent approach. The Council stresses the importance for the budget for 2024 to continue showing…
United Kingdom: IMF Executive Board Concludes 2023 Article IV Consultation
The outlook for growth remains subdued. Staff forecasts growth to slow to 0.4 percent in 2023, held back by tighter…
Main results: General Affairs Council, 10 July 2023
The presidency presented its plans for work on the evaluation of the Council’s annual rule of law dialogue announced in…
Eurobarometer: Europeans show strong support for the EU energy policy
More than eight in ten EU citizens think that the EU should invest massively in renewable energies, such as wind…
EU financial framework: Finland welcomes the proposal to invest strongly in assisting Ukraine.
The EU General Affairs Council (GAC) will meet in Brussels on Monday 10 July. The main theme of the meeting…
ESMA publishes second overview of national rules governing fund marketing
The European Securities and Markets Authority (ESMA), the EU securities markets regulator and supervisor, has submitted to the European Parliament,…
Fund marketing: ESMA publishes second overview of national rules
The European Securities and Markets Authority (ESMA), the EU securities markets regulator and supervisor, has submitted to the European Parliament,…
Sweden: Inflation puts pressure on economy and households
Swedish household consumption has declined for four consecutive quarters, a trend that is expected to continue and intensify somewhat during…
Retail investment: Statement by ESMA chair Verena Ross at the EP ECON Committee
"One of the ambitions of the EU 2020 Capital Markets Union Action Plan was to make the Union an even…
EU lawmakers find compromise on financial market data and infrastructure
Accurate and comparable market data are crucial to an informed decision making process. For this reason, negotiators agreed on an…
ECON: Opening Statement by Verena Ross
It is clear that without investors’ trust and their active participation, capital markets will not be able to grow sustainably…
EU Commission proposes modern payment services and open financial data access
The payment services market has changed significantly in recent years. Electronic payments in the EU have been constantly growing, reaching…
Central Securities Depositories: EU Commission welcomes political agreement on CSDR review
Central Securities Depositories operate the infrastructure that enables the settlement of securities (such as shares or bonds) in financial markets. Central…
Single Currency Package: Statement by Eurogroup President Donohoe
"Within the Eurogroup, there is broad support for the ongoing work on the project to ensure our currency keeps pace…
Digital Euro: Make it secure, reliable, and competitive, writes Renew Europe
Preventing the digital euro from having any potential negative influence on deposit levels and banks' capacity to lend is key…
The Digital Euro will complement cash, not replace it – EPP Group
“There are no obvious gaps in the EU’s payment landscapes. If we are just duplicating the existing payment infrastructure with…
U.S. Federal Reserve Board releases results of annual bank stress test
The results of the U.S. Fed's annual bank stress test demonstrate that large banks are well positioned to weather a…
ECB Forum: Alfred Kammer’s Remarks on central banking
Lots of the standard macroeconomic relationships broke down following the pandemic. Think about Okun’s law, the link between unemployment and…
ESBG’s first reactions on EU single currency package, open finance and payments as published today
The ESBG appreciates the potential transformative impact of these proposals on the resilience and competitiveness of the payments sector and…
International Currency Association applauds EU proposals mandating the acceptance of cash
ICA Chair Gianni Santoro: “Make sure that everyone has the right to use cash, you need to make sure that cash…
NGOs on digital euro proposals: Right direction, but safer alternative to bank deposits needed
Positive Money Europe, the Veblen Institute, and BETTER FINANCE welcome the Commission's proposal as a first step towards a digital…
Single Currency Package: New EU Commission proposals on cash and digital euro
The EU Commission has today put forward two proposals to ensure that citizens and businesses can continue to access and…
EU Commission to issue €40bn in long-term EU bonds in the 2nd half of 2023
The funds raised will be used to meet payments related to NextGenerationEU; support to Ukraine under the EU's Macro-Financial Assistance…
EU Banking Package: EU Commission welcomes political agreement
The package implements the final set of international standards agreed by the EU and its G20 partners in the Basel…
Main results: EU-Tajikistan Cooperation Council, 26 June 2023
The Cooperation Council between the European Union (EU) and the Republic of Tajikistan held its tenth meeting on Monday 26…
EU Parliament: Deal reached to finalise reforms of banking rules
On Tuesday morning, negotiators from the European Parliament, the Council and the Commission struck a provisional deal on changes to…
Three Uncomfortable Truths For Monetary Policy – 1st IMF Deputy Director Gita Gopinath
"The battle against inflation is very much ongoing, both in the euro area and around much of the world. Headline…
Portugal: IMF Executive Board Concludes 2023 Article IV Consultation
Portugal's strong recovery continued till early 2023, but near-term growth is expected to soften. Domestic demand growth is projected to…
Iceland must tackle inflation and make the most of immigration, OECD reports
Iceland’s economy is currently one of the fastest growing in the OECD, driven by foreign tourism and strong domestic demand.…
Komerční banka: EIF to facilitate up to €280m in new financing to Czech and Slovakian SMEs
European Investment Fund guarantees will support debt financing for about 6,500 micro, small and medium-sized companies in Czechia and Slovakia,…
EU Commission aims at long-term EU budget to face most urgent challenges
Within its current bounds, the EU budget has powered a strong EU response, by drawing from its limited built-in flexibilities…
Digital Resilience: ESAs consult on the first batch of DORA policy products
How to make our financial systems more resilient against digital attacks? The European Supervisory Authorities (ESAs) -- EBA for the…
Sweden nominates Thomas Östros to head European Investment Bank
The Government has decided to nominate Thomas Östros as a candidate for the post of President and Chairman of the…
EBA criticizes management of money laundering and terrorist financing risks
The European Banking Authority (EBA) today published its report on money laundering and terrorist financing (ML/TF) risks associated with EU…