Wed. Oct 9th, 2024

TRADE & COMMERCE

LATEST NEWS

Carbon pricing and carbon markets: IMF MD Georgieva at EU Pavilion discussion

“Let’s look at where we are today. We have close to 25% of emissions covered. When we look at this coverage, the carbon average price for these covered emissions is $20 per ton, compared to somewhere around $85 per ton by 2030 to keep ‘1.5 degrees alive’? Since we know that we have 75 percent of emissions yet to be covered, what is our average price overall today? $5 a

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02/12/2023

EU Council eases investor access to corporate information

The EU is about to create a single point of access to public financial and non-financial information about EU companies and EU investment products. Today, the Council adopted a regulation creating the European Single Access Point (ESAP) – a platform that will make this information easier for investors to consult.

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28/11/2023
nine eleven, september, terrorist attack

Money laundering and terror financing: EBA consults on new guidelines preventing abuse of funds and crypto-assets

The European Banking Authority (EBA) launched a consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes. These “travel rule” Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets. The consultation runs

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24/11/2023

BEUC: Speech by EU Commissioner McGuinness on digital finance

“How do we deal with digitalisation and finance? Huge promise, maybe big perils as well, and how we manage all of that? Of course, we want to harness innovation and we want a financial system, digital or otherwise, that’s open to all and new ways will emerge of doing business, that’s already happening. So, there are new opportunities for us as consumers from all of this change.
And then

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24/11/2023

Malta: IMF Staff Concluding Statement of the 2023 Article IV Mission

Malta has marked an impressive recovery from the pandemic and demonstrated substantial resilience to shocks resulting from Russia’s invasion of Ukraine. With weaker external demand and waning post-pandemic pent-up demand, growth is normalizing but is still expected to be among the highest in Europe. Persistent inflationary pressures are expected, while concern has risen about capacity constraints.

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24/11/2023

EU Council approves 2022 international climate finance figures

The Council approved the figures today, in preparation for the United Nations Climate Change Conference of the Parties (COP28), which will take place from 30 November to 12 December in Dubai, United Arab Emirates. The figures are based on the EU climate finance reporting rules laid down in the governance regulation.

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24/11/2023

Czech Republic: Staff Concluding Statement of the 2023 Article IV Mission

The Czech Republic’s economic growth slowed considerably following Russia’s war in Ukraine, reflecting disruptions in global value chains, significant increases in energy and other commodity prices, an erosion in real wages, and a necessary tightening in monetary policy. Growth is expected to pick up in 2024—led by consumption and fixed investment, as inflation fades and real income starts rising again, supported by net exports. Risks are tilted to the downside

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23/11/2023

EBA publishes final standards on new market risk internal models

The European Banking Authority (EBA) today published its final draft Regulatory Technical Standards (RTS) on the assessment methodology under which competent authorities verify institutions’ compliance with the requirements applicable to their internal models under the Fundamental Review of the Trading Book (FRTB) rules.

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22/11/2023

EU Council gives go-ahead to EU annual budget for 2024

Today, the Council approved the joint text on the EU’s general budget for 2024. The joint text has been agreed in negotiations with the European Parliament on 11 November. Total commitments are set at €189 385,4 million and total payments at €142 630,3 million. €360 million have been kept available under the expenditure ceilings of the current multiannual financial framework for 2021-2027, allowing the EU to react to unforeseeable needs.

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20/11/2023
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