Wed. Oct 9th, 2024

TRADE & COMMERCE

LATEST NEWS

EU Council adopts new rules for European capital markets

Today, the Council adopted new rules to improve European capital markets and strengthen investor protection in the EU. The directive adopted today amends the alternative investment fund managers directive, which governs managers of hedge funds, private equity funds, private debt funds, real estate funds and other alternative investment funds in the EU. The directive also modernises the framework for undertakings for collective investment in transferable securities (UCITS), i.e. plain-vanilla EU-harmonised

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26/02/2024
computer, smartphone, online

EU Council adopts regulation on instant payments

The Council adopted today a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures. Improving the possibilities to mobilize cash-flows will bring benefits for citizens and companies and allow

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26/02/2024

Main results of the Eurogroup on 23 February 2024

Following the approach agreed on by the Eurogroup (in inclusive format) in May 2023, ministers continued to exchange views on the future of European capital and financial markets. The discussion centred on the main aspects of a statement to be adopted in March with a view to identifying the main policy priorities of convergence to guide future work at EU and member states’ level.

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24/02/2024

Eurogroup press conference: Remarks by EU Commissioner Gentiloni

We all agree on the fundamental role that deeper and more integrated capital markets must play if Europe is to make progress towards its strategic goals. Our investment needs, as Christine just reminded us, are immense, we face a mountain of investments. Of course a public contribution is needed, I don’t like it when we exclude this dimension, so the discussion of what’s next after Next Generation EU is an

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23/02/2024

EU Commission issues €7bn in its 2nd syndicated transaction of 2024

The European Commission has today raised €7 billion of EU-Bonds in its 2nd syndicated transaction for 2024.
The transaction concerned a new, single-tranche €7 billion EU-Bond due on 4 December 2034. The 10-year bond came at a re-offer yield of 3.028%, equivalent to a price of 99.754. Bids received amounted to €67 billion, resulting in an oversubscription rate of over 9 times.
The proceeds of the transaction will

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20/02/2024
The U.S. Dollar dominates the composition of global currency reserves. Source IMF, 2021.

The Dollar’s International Role – Speech by U.S. Fed Governor Christopher J. Waller

“For many decades, the U.S. dollar has had an outsized role in the global economy, supported by the size and strength of the U.S. economy, its stability and openness to trade and capital flows, and strong property rights and rule of law. The dollar’s international role has clear benefits for the United States, lowering transaction and borrowing costs for U.S. households, businesses, and government and widening the pool of creditors

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16/02/2024

EU Winter 2024 Forecast: Delayed growth rebound amid faster easing of inflation

Following subdued growth last year, the EU economy has entered 2024 on a weaker footing than expected. The European Commission’s Winter Interim Forecast revises growth in both the EU and the euro area down to 0.5% in 2023, from 0.6% projected in the Autumn Forecast, and to 0.9% (from 1.3%) in the EU and 0.8% (from 1.2%) in the euro area in 2024. In 2025, economic activity is still expected

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15/02/2024

Vote on payment services: Better access to cash and protection against fraud and hidden charges

On Wednesday, Economic and Monetary Affairs MEPs voted for more open and competitive payment services sector in the EU, with strong defenses against fraud and data breaches. MEPs’ changes to the Payment services regulation were adopted with 39 votes to 1 and 3 abstentions. The regulation should provide more harmonisation in the EU for payment and electronic money services. It applies to banks, post office giro institutions and payment institutions.

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14/02/2024
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