Fri. Oct 11th, 2024

TRADE & COMMERCE

LATEST NEWS

ESMA: National regulators strengthen their supervision of the compliance function

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its follow-up report to the peer review on certain aspects of the compliance function under MiFID I. The report shows that, overall, the National Competent Authorities (NCAs) assessed improved their practices following the 2017 peer reviews findings and recommendations.

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14/07/2023

EBA: EU/EEA banking sector shows rising profitability, but profitability related risks are looming

The European Banking Authority (EBA) today published its Q1 2023 quarterly Risk Dashboard (RDB). The publication presents the results of the EBA’s latest risk assessment questionnaire (RAQ), which was conducted among 85 banks in spring this year. It also includes information on minimum requirement for own funds and eligible liabilities (MREL). Banks’ profitability continued to increase, and their capital, funding and liquidity ratios remain strong. Bank debt issuance has resumed

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14/07/2023

Main results of the Eurogroup on 13 July 2023

“We agreed on the necessary euro area fiscal stance for 2024. It is to pursue a determined, gradual and realistic fiscal consolidation that includes reforms, but also looks to increase investment through private and public sources, as well as through EU support and instruments.” – Paschal Donohoe, President of the Eurogroup

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14/07/2023

InvestEU kickstarts €250m of investment

The InvestEU Investment Committee approved a new guarantee, bringing the total of operations financed by the Council of Europe Development Bank (CEB) and backed by InvestEU to five. With this, the overall amount of the InvestEU guarantee approved for CEB projects has reached €80 million.

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12/07/2023

EU budget for 2024: EU Council agrees its position on the draft budget

Overall, the Council takes a prudent approach. The Council stresses the importance for the budget for 2024 to continue showing the Union’s solidarity with the people of Ukraine and to respond to crises. The Council recalls the principle of solidarity and underlines that effective use of the EU budget will bolster the credibility of the EU with the European citizens.

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12/07/2023

United Kingdom: IMF Executive Board Concludes 2023 Article IV Consultation

The outlook for growth remains subdued. Staff forecasts growth to slow to 0.4 percent in 2023, held back by tighter monetary and fiscal policies needed to curb inflation, and lingering impacts of the terms-of-trade shock. Growth is projected to rise gradually to 1 percent in 2024, as disinflation softens the hit to real incomes, and to average around 2 percent in 2025 and 2026, mainly on the back of a

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11/07/2023

Main results: General Affairs Council, 10 July 2023

The presidency presented its plans for work on the evaluation of the Council’s annual rule of law dialogue announced in the presidency conclusions of 19 November 2019. Since then, a more structured approach to the dialogue has been developed, which involves regular horizontal and country-specific discussions on rule of law developments across the EU, making use of the Commission’s annual rule of law reports.

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10/07/2023

Eurobarometer: Europeans show strong support for the EU energy policy

More than eight in ten EU citizens think that the EU should invest massively in renewable energies, such as wind and solar power (85%) and that increasing energy efficiency of buildings, transport, and goods will make us less dependent on energy producers outside the EU (82%). In addition, 80% believe that EU Member States should jointly buy energy from other countries to get a better price.

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10/07/2023
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