China, Russia agree to further expand investment, energy cooperation
China and Russia have agreed to further expand investment and energy cooperation to promote bilateral ties.
26/07/2024
LATEST NEWS
Fund marketing: ESMA publishes second overview of national rules
The European Securities and Markets Authority (ESMA), the EU securities markets regulator and supervisor, has submitted to the European Parliament, the Council and the European Commission its second report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds.
03/07/2023
Sweden: Inflation puts pressure on economy and households
Swedish household consumption has declined for four consecutive quarters, a trend that is expected to continue and intensify somewhat during the year. A decline in the housing market is evident, and falling housing investments are weighing on economic growth.
30/06/2023
Retail investment: Statement by ESMA chair Verena Ross at the EP ECON Committee
“One of the ambitions of the EU 2020 Capital Markets Union Action Plan was to make the Union an even safer place for citizens to save and invest long-term. I am pleased these efforts have finally materialised into concrete proposals aimed at putting retail investors’ interests at the centre of building the single market for capital.”
30/06/2023
EU lawmakers find compromise on financial market data and infrastructure
Accurate and comparable market data are crucial to an informed decision making process. For this reason, negotiators agreed on an EU-wide consolidated tape (CT), an electronic system that will combine best bid and offer (EBBO) with corresponding sales volumes from different exchanges, without identification of trading venues, and will disseminate these in real time, providing a single reference price for shares and exchange traded funds across markets.
29/06/2023
ECON: Opening Statement by Verena Ross
It is clear that without investors’ trust and their active participation, capital markets will not be able to grow sustainably and substantially. While there are considerable differences among Member States, direct investment by households in Europe remains low. The share of EU household assets held in financial securities such as stocks or bonds, has stood at only around 15-17% in the past few years.
29/06/2023
EU Commission proposes modern payment services and open financial data access
The payment services market has changed significantly in recent years. Electronic payments in the EU have been constantly growing, reaching €240 trillion in value in 2021 (compared with €184.2 trillion in 2017). This trend was accelerated by the COVID-19 pandemic. New providers, enabled by digital technologies, have entered the market, in particular providing ‘open banking’ services – i.e. securely sharing financial data between banks and financial technology firms (‘fintechs’). More
29/06/2023
Central Securities Depositories: EU Commission welcomes political agreement on CSDR review
Central Securities Depositories operate the infrastructure that enables the settlement of securities (such as shares or bonds) in financial markets. Central Securities Depositories play a central role in the EU’s capital markets and financial system. For example, transactions settled by EU Central Securities Depositories in 2019 reached around €1,12 trillion.
29/06/2023
Single Currency Package: Statement by Eurogroup President Donohoe
“Within the Eurogroup, there is broad support for the ongoing work on the project to ensure our currency keeps pace with an increasingly more digital world. There is also a common recognition of the importance of keeping citizens, businesses and potential intermediaries well-informed and engaged in understanding the rationale and added value of the possible introduction of a digital euro.”
29/06/2023
Digital Euro: Make it secure, reliable, and competitive, writes Renew Europe
Preventing the digital euro from having any potential negative influence on deposit levels and banks’ capacity to lend is key to Renew Europe. Relevant intermediaries–such as banks, e-money and payment institutions–should be freely involved in its use and distribution.
29/06/2023
The Digital Euro will complement cash, not replace it – EPP Group
“There are no obvious gaps in the EU’s payment landscapes. If we are just duplicating the existing payment infrastructure with the digital Euro, that is not a good enough business case”, says MEP Markus Ferber.
29/06/2023