Thu. Oct 10th, 2024

TRADE & COMMERCE

LATEST NEWS

New rules for consumer credits in the EU enter into force

As of this Sunday, 19 November, new EU rules on consumer credit to safeguard consumers, enter into force. From now on, consumers who are financing their projects and goods through credits shall be better aware of the costs they face and better protected against the risks of new forms of credits offered online, such as Buy Now Pay Later schemes. No matter whether consumers are leasing a car, financing their

Read More »
18/11/2023

Banking Union: EU Council agrees common position on Daisy Chains

The Council adopted today a mandate to start negotiations with the European Parliament 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 address certain issues in relation to the treatment of ‘internal MREL’ in bank resolution groups.

Read More »
17/11/2023

South Korea: IMF Executive Board concludes 2023 Article IV consultation

Korea has faced challenges from inflation and a growth slowdown. Growth declined from mid-2022, as global demand for electronics waned and domestic demand weakened, but has started to recover in recent quarters. Headline inflation has declined significantly after peaking in mid-2022, though core inflation has remained stickier. Pockets of financial sector vulnerability have emerged amid higher interest rates and declining housing prices. Swift policy measures have helped to stabilize financial

Read More »
16/11/2023

Measuring Money in the Digital Age – IMF MD Georgieva at the IMF Statistical Forum

“Measuring Money in the Digital Age. Now is the right time to do this—accelerated by the pandemic, mobile payments are nearly everywhere in many advanced and emerging economies. A large and growing number of countries are steaming ahead with development and deployment of Central bank digital currencies, or CBDCs. And while crypto assets, including stablecoins, have had their ups and downs, they aren’t going away” – IMF Managing Direcotor Kristalina

Read More »
15/11/2023

ESAs publish amended standards on mapping External Credit Assessment Institutions

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published two amended Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs). The amendments reflect the outcome of a monitoring exercise on the adequacy of existing mappings, and the deregistration of three credit rating agencies (CRAs).

Read More »
14/11/2023

IMF and Ukraine reach staff level agreement on the Second Review of the Extended Fund Facility (EFF) Arrangement

Ukraine’s four-year EFF Arrangement, with access of about US$15.6 billion (SDR 11.6 billion) was approved on March 31. The IMF-supported arrangement forms part of a much larger international support package for Ukraine that now totals around US$122 billion. The EFF continues to provide a strong anchor for the authorities’ economic program, and program performance has been broadly on track despite the extremely challenging backdrop. All quantitative performance criteria for end-June

Read More »
10/11/2023
Forward to your friends