The EU Council today adopted a new regulation on environmental, social and governance (ESG) rating activities. The new rules aim at making rating activities in the EU more consistent, transparent and comparable in order to boost investors’ confidence in sustainable financial products.
The EU Council today adopted new rules on clearing services that revise the European market infrastructure regulation and directive (EMIR). The new rules aim to make the EU clearing landscape more attractive and resilient, to support the EU’s open strategic autonomy and to preserve the EU’s financial stability.
The European Commission has today raised €7 billion of EU Bonds in its 10th syndicated transaction for 2024, €3 billion of which in the form of NextGenerationEU (NGEU) Green Bonds.
Here are the headlines from last week’s Insight EU Finance Monitoring, published on Friday night. We provide the headlines with a delay of several days, but you can access our real-time monitoring services by subscribing to one of our annual plans in the Insight EU Store.
Malta has experienced remarkable growth over the past decade. Although growth is expected to moderate, staff anticipate that it will remain among Europe’s highest. Inflation has fallen to around 2.25 percent, yet some inflationary pressures persist in services. Strong growth has been supported by an influx of foreign workers and tourists, leading to increased population density and strain on infrastructure. The financial system remains resilient and stable.
MEPs achieved increases for the 2025 EU budget and secured funds for helping EU countries facing climate-related disasters. Once the Council formally adopts the compromise, a vote is expected in the Parliament’s plenary session (planned for 27 November in Strasbourg), then it is signed into law by the President.
The European Parliament and the EU Council have 14 days to formally approve the agreement reached. The Council is expected to endorse it on 25 November. Adoption of the budget requires a qualified majority within the EU Council.
The EU Commission welcomes today’s agreement between the European Parliament and the European Council on the annual EU budget 2025. This budget will allow the EU to deliver on its political commitments, starting with the changes agreed in the mid-term revision of the Multiannual Financial Framework (MFF). The annual EU Budget for 2025 will amount to €199.4 billion.
After a prolonged period of stagnation, the EU economy is returning to modest growth, while the disinflation process continues. The EU Commission presented its Autumn 2024 Economic Forecast.
Every year, in its annual management and performance report (AMPR), the European Commission reports on how the EU budget is managed and how EU programmes and policies are performing. The EU auditors examined the AMPR’s Volume I, which presents key facts and achievements about the management of the 2023 budget, including the EU’s support for Ukraine.
In marking the 10-year anniversary of the Single Supervisory Mechanism (SSM), supervisory and finance officials as well as industry stakeholders shared their thoughts about the achievements and challenges of European banking supervision.
“We are moving policy over time to a more neutral setting. But the path for getting there is not preset. In considering additional adjustments to the target range for the federal funds rate, we will carefully assess incoming data, the evolving outlook, and the balance of risks” – U.S. Federal Reserve Chair Jerome H. Powell on 14 November 2024.
In its regular package of infringement decisions, the European Commission pursues legal action against Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper application of EU law for the benefit of citizens and businesses.
Today, the Commission has endorsed a positive preliminary assessment of Poland’s payment request for the second and third instalments for €9.4 billion (€5.3 billion in loans and €4.1 billion in grants) (net of pre-financing) under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU.
Complacency in fighting climate change and preserving biodiversity is endangering our economic survival, writes President Christine Lagarde. The longer we wait, the higher the costs will be. COP29 must close the gap between the commitments made and the investment needed.
An International Monetary Fund (IMF) mission, led by David Amaglobeli, visited Pristina during October 28 – November 11, 2024, to hold discussions on the 2024 Article IV Consultations and the Third Reviews of Kosovo’s Stand-By Arrangement (SBA) and Resilience and Sustainability Facility (RSF) Arrangement.
Here are the headlines from last week’s Insight EU Finance Monitoring, published on Friday night. We provide the headlines with a delay of several days, but you can access our real-time monitoring services by subscribing to one of our annual plans in the Insight EU Store.
The European Insurance and Occupational Pensions Authority (EIOPA) published today its final Report on the prudential treatment of sustainability risks within Solvency II, recommending additional capital requirements for fossil fuel assets on European insurers’ balance sheets to accurately reflect the high risks of these assets.
Following a hard landing in 2023, Finland’s economy is beginning to rebound, with modest growth anticipated in 2025 and beyond. However, the outlook remains uncertain, with risks leaning toward potential setbacks. To support sustained growth and resilience, the IMF outlines key policy priorities for Finland. Discover the IMF’s recommended targets in their report.
In support of its goals, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/2 to 4-3/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.
The Monetary and Economic Affairs Committee questioned Maria Luis Albuquerque, candidate for the Financial Services and the Savings and Investments Union portfolio on Wednesday. In her introductory statement, she pledged to focus on the stability and integrity of the EU financial system as the basis for a strong and competitive European economy.
We and use cookies and other tracking technologies to improve your experience on our website. We may store and/or access information on a device and process personal data, such as your IP address and browsing data, for personalised advertising and content, advertising and content measurement, audience research and services development. Additionally, we may utilize precise geolocation data and identification through device scanning.
Please note that your consent will be valid across all our subdomains. You can change or withdraw your consent at any time by clicking the “Consent Preferences” button at the bottom of your screen. We respect your choices and are committed to providing you with a transparent and secure browsing experience.
| Cookie | Duration | Description |
|---|---|---|
| __stripe_mid | This cookie is set by Stripe payment gateway. This cookie is used to enable payment on the website without storing any patment information on a server. | |
| __stripe_sid | This cookie is set by Stripe payment gateway. This cookie is used to enable payment on the website without storing any patment information on a server. | |
| _abck | This cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions. | |
| _wpfuuid | This cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon. | |
| ASP.NET_SessionId | Issued by Microsoft's ASP.NET Application, this cookie stores session data during a user's website visit. | |
| AWSALBCORS | This cookie is managed by Amazon Web Services and is used for load balancing. | |
| bm_sz | This cookie is set by the provider Akamai Bot Manager. This cookie is used to manage the interaction with the online bots. It also helps in fraud preventions | |
| cookielawinfo-checbox-analytics | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". | |
| cookielawinfo-checbox-functional | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". | |
| cookielawinfo-checbox-others | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. | |
| cookielawinfo-checkbox-necessary | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". | |
| cookielawinfo-checkbox-performance | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". | |
| elementor | This cookie is used by the website's WordPress theme. It allows the website owner to implement or change the website's content in real-time. | |
| JSESSIONID | Used by sites written in JSP. General purpose platform session cookies that are used to maintain users' state across page requests. | |
| viewed_cookie_policy | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
| Cookie | Duration | Description |
|---|---|---|
| _ga | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. | |
| _ga_4L7PKQPHHV | This cookie is installed by Google Analytics. | |
| _ga_T50H0MNN9J | This cookie is installed by Google Analytics. | |
| _gat_gtag_UA_12289088_5 | Set by Google to distinguish users. | |
| _gcl_au | Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. | |
| _gid | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
| Cookie | Duration | Description |
|---|---|---|
| test_cookie | The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies. |
| Cookie | Duration | Description |
|---|---|---|
| _mcid | No description available. | |
| _swa_u | This cookie is set by the provider Sitewit.com. This cookie is used for statistical report and analysis. | |
| ak_bmsc | No description available. | |
| AWSALB | AWSALB is a cookie generated by the Application load balancer in the Amazon Web Services. It works slightly different from AWSELB. | |
| ec_store_chameleon_font | No description available. | |
| FCCDCF | No description available. | |
| issuem_lp | No description available. | |
| lp_us_his | No description | |
| m | No description available. |