IMF: Five things you may not know about the IMF’s newest European member
Liechtenstein is a winter sports destination and the only doubly-landlocked country in Europe. Find out more about the IMF’s 191st…
Ukraine: IMF Executive Board completes 5th Extended Fund Facility review
The IMF Board today completed the Fifth Review of the extended arrangement under the Extended Fund Facility (EFF) for Ukraine,…
Claudia Buch on bank profitability: A mirror of the past, creating a vision for the future
The ECB's focus as supervisors is on sustained profitability to ensure banks’ business models remain viable over time. Profitability metrics…
ESMA launches survey on Legal Entities Identifiers (LEI)
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today a survey on…
Judgment of the EU Court in Case C-76/22 – Santander Bank Polska
Early repayment of a mortgage loan: The consumer can recover part of the commission linked to the granting of credit…
Poland: IMF staff concluding ctatement of the 2024 Article IV Mission
Poland’s near-term outlook is positive and has improved relative to last year despite ongoing sluggish growth across Europe and Russia’s…
Consolidated tapes: Gathering prices and volumes of shares and bonds across the EU
Today, the Expert Stakeholder Group set up under the Regulation governing rules about markets in financial instruments (‘MiFIR Review') published reports on the…
ECB lowers the three key ECB interest rates by 25 basis points
The ECB Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Accordingly, the…
The European Supervisory Authorities share highlights from the 2024 Joint Consumer Protection Day in Budapest
The event followed the theme of “Empowering EU consumers: fair access to the future of financial services” and had three…
Serbia: IMF Staff reaches staff-level agreement on arrangement review and follow-up
The Serbian authorities and IMF staff reached an agreement on the fourth and final review under the Stand-By Arrangement (SBA)…
Insight EU Finance Monitoring Weekly: 7 – 11 October 2024
Here are the headlines from last week’s Insight EU Finance Monitoring, published on Friday night. We provide the headlines with…
Türkiye: IMF Executive Board concludes 2024 Article IV Consultation
Türkiye’s sovereign ratings have been upgraded and country risk premia have halved. While now subsiding, still-high inflation expectations and sequential…
EU auditors on 2023 budget: Rate of errors and irregular spending increased
The European Court of Auditors sounds an alert about the EU's budget in 2023: The rate of error in EU…
EU Commission issues €11bn in its 9th syndicated transaction in 2024
The European Commission has today raised €11 billion of EU-Bonds in its 9th syndicated transaction for 2024. The dual-tranche transaction concerned…
Insight EU Finance Monitoring Weekly: 30 September – 4 October 2024
These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of…
EU Commission clears acquisition of Joyn by KBC Bank and BNP Paribas Fortis
The European Commission has approved under the EU Merger Regulation the acquisition of joint control of Joyn International NV ('Joyn')…
Listings on European stock exchanges: EU Council adopts the listing act
The EU Ecofin Council today adopted the listing act, a legislative package that will make EU public capital markets more…
Main results of the EU Economic and Financial Affairs Council, 8 October 2024
At the EU Ecofin Council, EU Finance ministers discussed the implementation of the Recovery and Resilience Facility. They also debated…
Budget MEPs: EU budget to focus on research, health, education, and climate action
On Monday, MEPs restored €1.52 billion in funding cuts proposed by the EU Council, bringing allocations back to the levels originally…
EU Commission launches EU Repo Facility to act as sovereign-style issuer
The EU Commission has launched its EU Repurchase Agreement (Repo) facility, today. This is a form of short-term issuance of…
Main results of the Eurogroup meeting on 7 October 2024
EU Ministers discussed the state of play of the digital euro project and euro area competitiveness, building on previous discussions,…
Eurostat: House prices and rents went up in 2nd quarter 2024
In the second quarter of 2024, house prices in the EU increased by 1.9% and rents by 0.7% compared with…
Portugal: IMF Executive Board concludes 2024 Article IV Consultation
Portugal achieved a remarkable recovery from the successive shocks that hit the global economy since the pandemic. Growth exceeded the…
U.S. Fed Governor Lisa D. Cook on AI, Big Data, and the path ahead for productivity
"Futurists have dreamed of an autonomous, thinking machine throughout the modern era. Benjamin Franklin once lost a game of chess…
EU Commission clears acquisition of Lombard by Utmost
The EU Commission has approved the acquisition of Lombard International Assurance Holdings S.à.r.l., based in Luxembourg, by Utmost International Group…
EU Commssion publishes half-time evaluation of InvestEU
On Monday, EU Commission presented the interim evaluation of InvestEU, the EU flagship investment programme designed to facilitate better access to finance for companies across…
ESMA 2025 Work Programme: Key strategic priorities and new mandates
ESMA, the EU’s financial markets regulator and supervisor, has published its 2025 Annual Work Programme, which reaffirms ESMA’s strategic orientation and…
Digital Operational Resilience: ESAs appoint Marc Andries to lead joint oversight
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have appointed Marc Andries to lead their new joint…
Monetary Affairs: ECB President Christine Lagarde quizzed by MEPs (updated)
Inflation, completing the capital markets and banking unions and the implications of the Draghi report on competitiveness featured prominently during…
Task Force Freeze and Seize: Opening remarks by EU Commissioner Reynders
"It is clear that the international dimension of this work will need to continue to be developed. The Task Force…
Russia’s weak spot: the financial sanctions are working – Polish Centre for Eastern Studies
Reports from Russian media and businesses also indicate that several Chinese banks have ceased their cooperation with Russia due to…
Insight EU Finance Monitoring Weekly: 23 – 27 September 2024
These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of…
OECD sees global economy turning the corner as inflation declines and trade growth strengthens
The global economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation,…
Belgium: EU Commission makes first RRF payment of €632m
In September 2023, Belgium submitted to the EU Commission a first payment request of €658 million, net of pre-financing, under…
Iceland: Up to €100m in new SME funding as Arion Banki gets EIF guarantee
The European Investment Fund (EIF) has signed a guarantee agreement with Arion Bank to support new lending to some 40…
The role of a digital euro in the European payment landscape – ECB Board Member Piero Cipollone
"We need our own strong digital payments system. We can achieve this by bringing central bank money into the digital…
Financial sector: EU Commission carries out unannounced antitrust inspections
The European Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector…
Finance: Nordic-Baltic crisis simulation exercise 2024
To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this…
Insight EU Finance Monitoring Weekly: 16 – 20 September 2024
These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of…
EU Court annuls 2016 ECB refusal of qualifying holding in Banca Mediolanum by Silvio Berlusconi
The EU Court annuls the 2016 ECB decision refusing the acquisition of a qualifying holding in Banca Mediolanum by Silvio…
U.S. Federal Reserve lowers target range for federal funds rate to 4.75 to 5 percent
In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range…
Norway: IMF Executive Board concludes 2024 Article IV consultation
IMF Directors underscored the need to maintain a tight monetary policy stance to ensure that inflation converges to target and…
Recovery and resilience dialogue with MEPs: Statement by EVP Dombrovskis
"By implementing together what Member States cannot do on their own, we are creating tangible European value added. By combining…
Insight EU Finance Monitoring Weekly: 9 – 13 September 2024
These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday night. We publish the headlines of…
Denmark: IMF Executive Board concludes 2024 Article IV Consultation
The Danish economy has continued to expand at a robust pace, driven by an exceptional surge in the pharmaceutical. In…
Bank of Russia Governor Elvira Nabiullina explains interest rate rise to 19 percent
At its board meeting today, the Bank of Russia has made the decision to raise the key rate to 19% per annum. Monetary conditions have continued to tighten…
Main results of the Eurogroup on 13 September 2024
The European Commission and the European Central Bank provided their assessment of the latest macroeconomic and fiscal developments and outlook,…
Bank of Russia: Payment infrastructure for digital ruble to become available in 2025
According to the Bank of Russia, by 1 July 2025, major Russian banks will have to give their clients an opportunity to conduct transactions…
Russia: EU Council prolongs individual sanctions for a further six months
The EU Council decided today to prolong the restrictive measures targeting those responsible for undermining or threatening the territorial integrity,…
Entzug der Bankzulassung: EuGH-Urteil C-579/22 P zur Anglo Austrian Bank AAB
Mit seinem Urteil von heute weist der Gerichtshof das Rechtsmittel zurück und bestätigt somit ebenfalls den Entzug der Bankzulassung.