Thu. Oct 10th, 2024

TRADE & COMMERCE

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electric mobility, electric car, charging station

BEVs from China: EU Commission discloses draft definitive findings of anti-subsidy investigation

The EU Commission has disclosed to interested parties the draft decision to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China. This draft decision reflects the comments received from interested parties on the provisional countervailing duties published on 4 July 2024, as well as the conclusion of a number of investigative steps that had not been finalised at provisional stage.

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21/08/2024

ECB: Inflation and the response of public wages in the euro area

In the context of elevated inflation in the euro area (despite recent declines), it is useful to look at the response of public wages to gauge further pressures on private sector wages and core inflation. While the public sector accounts for only about one-fifth of the economy-wide compensation of employees in the euro area, it can provide a relevant signal for wage negotiations in the private sector. Public wage growth

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12/08/2023

Credit Suisse/UBS: All federal guarantees terminated

UBS has definitively terminated the agreement regarding the federal loss protection guarantee in the amount of CHF 9 billion, as well as the agreement with the SNB regarding the federal guarantee of no more than CHF 100 billion to secure liquidity assistance loans. These measures, which were created under emergency law to preserve financial stability, will thus cease to exist, and the Confederation and taxpayers will no longer bear any

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11/08/2023
bullets, money, dollar

Fight against financial crime: EBA sees improving supervisory cooperation

The European Banking Authority (EBA) today published its third Report on the functioning of anti-money laundering and countering the financing of terrorism (AML/CFT) colleges. The Report finds that competent authorities had taken important steps to improve the functioning of AML/CFT colleges. Nevertheless, many colleges had not reached full maturity. The Report highlights good practices that will be useful for competent authorities to further improve the effectiveness of AML/CFT colleges and

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11/08/2023

Mystery shopping: EBA exercise adds value to national supervision tasks

The European Banking Authority (EBA) published today a Report on its mystery shopping exercise into personal loans and payment accounts. The exercise confirmed that mystery shopping is a tool that adds immense value to the supervision of national competent authorities and is complementary to other more conventional tools or approaches. It delivers first-hand information about, and insight into, the conduct of financial Institutions towards consumers visiting a branch or using

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09/08/2023

Internal-ratings-based systems: EBA updates roadmap and supervisory handbook

The European Banking Authority (EBA) today updated its roadmap for the implementation of internal ratings based (IRB) model requirements to limit compliance costs for institutions. The EBA also published its final supervisory handbook for the validation of internal ratings based (IRB) rating systems to clarify the role of the validation function as part of corporate governance.

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08/08/2023

The EBA is collecting bank data on interest rate risk in the banking book

The EBA will collect on an ad-hoc basis interest rate risk in the banking book (IRRBB) data from the institutions already participating in the quantitative impact study (QIS) exercise and based on the templates from the final draft Implementing Technical Standards (ITS) on IRRBB reporting. This collection, with reference date end December 2023, will provide competent authorities with data to monitor, in a timely manner, the implementation of this IRRBB

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08/08/2023

Finance: ESMA publishes data for quarterly bond liquidity assessment

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the new quarterly liquidity assessment of bonds, the data for the quarterly systematic internaliser calculations for equity, equity-like instruments, bonds and for other non-equity instruments and the consolidated tape provider (CTP) under MiFID II and MiFIR.

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07/08/2023

Supervisory reporting standards: EBA introduces new reporting on interest rate risk

The European Banking Authority (EBA) today published today its final ITS on supervisory reporting with respect to IRRBB. The amended final draft ITS equip supervisors with the appropriate data to monitor risks arising from interest rates’ changes. In addition, they aim at providing quality data to supervisors to monitor institutions’ IRBB risk and the implementation of the policy package published by the EBA in October 2022.

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31/07/2023
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