Thu. Oct 10th, 2024

TRADE & COMMERCE

LATEST NEWS

EU and Japan discuss “Sanctions Enforcement at Sea”

On the occasion of the port call at Tokyo by two German Navy ships: Frigate “Baden-Württemberg” and Supply Ship “Frankfurt-am-Main”, a roundtable on sanctions enforcement at sea was organised by the Delegation of the European Union (EU) to Japan and the Embassy of the Federal Republic of Germany in Japan, with support from the EU project, Enhancing Security Cooperation In and With Asia (ESIWA).

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24/08/2024

Higher risk weights set for immovable property: EBA Opinion to the Finance Ministry of Poland

The European Banking Authority (EBA) today published an Opinion following notification by the Ministry of Finance of Poland of its intention to extend a measure originally introduced in March 2022. The measure aims to limit risks associated with foreign currency housing loans by encouraging banks to enter in settlements with borrowers. Based on the evidence submitted, the EBA does not object to the temporary extension of the measure until the

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13/09/2023

S&Ds on new credit market law and consumer protection

Thanks to the S&Ds, the scope of the proposal has been preserved and it will no longer be possible for creditors to use sensitive data or data collected from social networks when carrying out ‘Creditworthiness assessment obligations’. Our group also managed to prohibit the advertising of credit targeted at over indebted consumers.

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12/09/2023

Remarks by EU Council President Michel before the G20 summit in New Delhi

It is the start of India’s G20 Presidency. Prime Minister Modi has asked a question: can the G20 go further? Can we shift our fundamental mindset for the benefit of all humanity? I believe we can. And that is why we are here, to go beyond the zero-sum mindset, to work towards mutual understanding and to make the world a fairer place for everyone, no matter where they live. So

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08/09/2023

UK Export Finance strengthens ties with Japan’s export credit agency NEXI

The UK and Japanese export credit agencies (ECAs) have signed a Memorandum of Understanding (MoU) to support their future collaboration on projects around the world. This will help them as they work together to broker more deals which support exporting businesses. The UK Export Finance (UKEF) and Nippon Export and Investment Insurance (NEXI) MoU sets out revised terms of cooperation which support ambitions for sustainable development outlined in the Hiroshima

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06/09/2023

EU Commission adopts reporting rules on banks’ exposure to shadow banking

The European Commission has today adopted technical standards to be used by credit institutions when reporting their exposures to shadow banking entities, as required by the Capital Requirements Regulation. These standards set out criteria for the identification of shadow banking entities, ensuring the harmonisation and comparability of exposures reported by credit institutions.

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06/09/2023

Lithuania: IMF Executive Board Concludes 2023 Article IV Consultation

Lithuania weathered a series of unprecedented external shocks, owing to resilient macroeconomic fundamentals and a decisive policy response. Recently, however, high inflation and rising interest rates have affected disposable incomes which, combined with weak external demand, resulted in an economic contraction in the last quarter of 2022 and early 2023. At the same time, the labor market has remained broadly resilient with high wage growth, albeit negative in real terms,

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05/09/2023
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