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 Insurance and Occupational Pensions Authority (EIOPA) collects and publishes comprehensive statistics on solo insurance undertakings and groups in the European Economic Area (EEA). Recent data shows that the share of green investments in the portfolios of EEA insurers has edged higher.
The new rules on Solvency II will boost the role of the insurance and reinsurance sector in providing long-term private sources of investments to European businesses. At the same time they will make the sector more resilient and prepared for future challenges in order to better protect insurance policyholders.
The EU Council today approved the Commission’s positive assessment of the Netherlands’ and Czechia’s amended recovery and resilience plans. According to the analysis of the Commission, the targeted modifications put forward by both member states do not affect the relevance, effectiveness, efficiency and coherence of their recovery and resilience plans.
The EU Council reached an agreement on the VAT for the digital age package, discussed the implementation of the Recovery and Resilience Facility and approved amended plans submitted by Czechia and the Netherlands. The Ministers also discussed the economic and financial impact of Russia’s aggression against Ukraine.
A €500 million EIB guarantee will enable Cassa Depositi e Prestiti to provide new loans totalling €1 billion to public sector bodies. The two institutions further strengthen their partnership aimed at boosting the Italian economy via initiatives with positive environmental impact implemented by public sector organisations, particularly in central and southern Italy.
The EU Council presidency, the European Central Bank and the European Commission met with European social partners on 4 November 2024 to discuss recent developments of the economic situation, as well as a thematic topic chosen by the Hungarian Presidency: “demographic changes impacting competitiveness”.
The Eurogroup took stock on the outcomes of the annual international meetings in Washington, DC. The chairs of the Single Supervisory Mechanism and the Single Resolution Board updated ministers of countries of the Banking Union. Ministers also followed up on the capital markets union and issued a formal statement on the competitiveness of the European economy.
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 (details below).
The EU Ecofin Council will seek an agreement on value added tax (VAT) in the digital age (VIDA): The package aims at tackling VAT fraud, supporting businesses, and promoting digitalisation. The Council is to approve targeted recovery and resilience plan amendments submitted by Czechia and the Netherlands and will analyse the impact of Russia’s war against Ukraine. Get more details about their agenda inside.
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their third annual Report on disclosures of principal adverse impacts under the Sustainable Finance Disclosure Regulation (SFDR).
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 Consultation contains recommendations meant to facilitate European capital market activity by streamlining and reducing regulatory burden. In addition, it also puts forward proposals for non-equity securities that are advertised with ESG features and proposals to update the data reporting requirements to consider the changes introduced by the Listing Act.
The Symposium, held in Ottawa, Canada, brought together financial intelligence units (FIUs) and law enforcement agencies from Canada, the United States, Australia, the Netherlands, and the United Kingdom, as well as U.S.- and Canada-based financial institutions, to discuss a variety of money laundering and terrorist financing issues.
The IMF Press Briefing on the release of the European Economic Outlook was presented Alfred Kammer, Director of the European Department, and two of his Deputies, Oya Celasun and Helge Berger.
While the majority of the 43 EU agencies managed their finances well in 2023, according to the annual audit report issued by the European Court of Auditors (ECA), the institution has not issued a clean opinion to four agencies about how they spent EU money. The auditors note that public procurement continues to be the main source of irregularities and identified areas for improvement at 34 agencies.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert to assist financial institutions in identifying and reporting suspicious activity supporting Lebanese Hizballah, a U.S.-designated Foreign Terrorist Organization.
MEPs set the overall level of commitment appropriations for the 2025 draft budget at almost €201 billion, €1.24 billion more than the Commission’s proposal from last June.
The EU Council today adopted a financial assistance package to Ukraine, including an exceptional macro-financial assistance (MFA) loan of up to €35 billion and a loan cooperation mechanism that will support Ukraine in repaying loans for up to €45 billion provided by the EU and G7 partners.
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.
This transcript covers the IMF press briefing presenting the latest Global Financial Stability Report titled “Steadying the Course: Uncertainty, Artificial Intelligence, and Financial Stability”.
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