Sun. Oct 6th, 2024

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man, senior, old

PEPP: EIOPA proposes a broad reform to tackle Europe’s pension gap

The European Insurance and Occupational Pensions Authority (EIOPA) published a Staff Paper on the future of the Pan-European Pension Product (PEPP). The paper sets out the reasons behind the limited uptake of the PEPP and suggests improvements to its design to overcome supply-side, demand-side and structural barriers hindering its broader adoption.

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Extended Fund Facility: Ukraine and IMF reach staff-level agreement on 5th review

International Monetary Fund (IMF) staff and Ukrainian authorities have reached staff-level agreement (SLA) on the Fifth Review of the 4-year Extended Fund Facility (EFF) Arrangement. Subject to approval by the IMF Executive Board, Ukraine would have access to about US$ 1.1 billion (SDR 834.8 million). The program performance remains strong, all performance criteria were reached.

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law, justice, flag

EU General Court confirms restrictive measures against Russian company NSD

According to the EU General Court, NSD failed to demonstrate that the EU Council erred in finding that that undertaking was a systemically important financial institution in Russia’s financial system. The Court also points out that NSD provides financial services of significant value both to the Russian Government and the Russian Central Bank, enabling Russia in its financial resources with the aim of pursuing its actions to destabilise Ukraine.

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analysis, banking, broker

EU finance, banking, insurance: ESAs warn of risks from economic and geopolitical events

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The ESAs warn national supervisors of the financial stability risks stemming from these uncertainties and call for continued vigilance from all financial market participants. For the first time, the Report also dives deep into credit risks in the financial sector.

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​European Banking Authority launches 2024 EU-wide transparency exercise

​The European Banking Authority (EBA) has launched its 2024 EU-wide transparency exercise. Ahead of the 2025 stress tests, this transparency exercise will offer preliminary and valuable insights into the health and resilience of Europe’s banking sector. The results will be published at the end of November, together with the release of the Risk Assessment Report (RAR).

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euro, money, currency

Insight EU Finance Monitoring Weekly: 2 – 6 September 2024

These are the headlines of our weekly Insight EU Finance Monitoring, published last Saturday. We publish the headlines of our Insight EU Monitoring mails delayed by several days. To receive real-time monitoring emails, subscribe to our annual target group full-text services on the Insight EU Store page.

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