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LATEST NEWS

Mortgage Credit Directive: EBA peer review on creditors’ treatment of mortgage borrowers in arrears

This is the first EBA’s peer review focussing on conduct and consumer protection issues. The review assessed conduct supervision of seven competent authorities and examined whether the steps they have taken effectively ensure that consumers in payment difficulties benefit from reasonable forbearance by creditors, taking into account the EBA Guidelines on arrears and foreclosures (EBA/GL/2015/12) and its Opinion on good practices for mortgage creditworthiness assessments and arrears and foreclosure.

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12/12/2023

Belgium: IMF Executive Board Concludes 2023 Article IV Consultation

Though resilient to shocks, the Belgium economy and financial sector face significant cyclical and structural challenges and risks to the outlook. Owing to a strong and timely policy response, the economy resisted the covid and energy crises. Still, growth is slowing, core inflation remains high, and the pandemic and energy crisis increased already-high public debt and structural fiscal deficits.

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12/12/2023

Remarkable resilience: Latest update by the International Monetary Fund on Ukraine

The Ukrainian economy continues to show remarkable resilience, although the outlook remains subject to exceptionally high war-related uncertainty. According to the International Monetary Fund (IMF), continued strong ownership and reform momentum—including domestic revenue mobilization combined with timely and predictable external financing—are necessary to safeguard macroeconomic stability, enhance institutional reforms, and support reconstruction efforts, while facilitating a green recovery on the path to European Union (EU) accession.

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11/12/2023

Liechtenstein: IMF Staff Completes Membership Mission

“The Government of the Principality of Liechtenstein and staff agreed that IMF membership would support investor confidence and strengthen the Principality’s position as a financial center. Membership would also allow the Principality to access IMF resources, if needed, and to benefit from policy advice and support to strengthen statistical capacity. Membership would also contribute to further cement the strong global economic footprint of the Principality” – IMF

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09/12/2023

ECOFIN Press conference: Remarks by EU Executive VP Dombrovskis

The European Commission and EIB have a long history of excellent cooperation. I have every confidence that with you at the helm of the Bank, we will continue to strengthen this cooperation, working together to tackle the challenges that the EU is facing. On today’s Ecofin agenda, let me begin with the economic governance review. We made considerable progress last night and a deal is definitely within reach.

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08/12/2023

Eurogroup press conference: Remarks by Commissioner Gentiloni 

Yes, indeed we had a couple of pieces of good news coming from Eurostat. Inflation in the euro area fell further to 2.4% in November, and unemployment has held stable at 6.5%. But the context remains highly uncertain, and so as the President of the Eurogroup just said, strong coordination of national fiscal policies and a consistent policy mix are essential. This is of course reflected in the process assessing

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08/12/2023

Daisy Chains: EU Council and Parliament reach agreement

The Council and the European Parliament today reached a provisional political agreement on the Daisy Chains proposal. The proposal is a targeted amendment of the Bank Recovery and Resolution Directive or (BRRD) and the Single Resolution Mechanism Regulation or (SRMR) to include targeted proportionality requirements to the treatment of ‘internal MREL’ in bank resolution groups.

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06/12/2023
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