We offer delayed access to the headlines of our Insight EU specialized monitoring emails, typically by several days. For real-time updates and comprehensive monitoring services, consider subscribing to one of our annual plans available in the Insight EU Store (details below).
Originally published on 12 April 2025
EUROGROUP
- Main results of the Eurogroup, 11 April 2025
- Remarks by Paschal Donohoe following the Eurogroup meeting of 11 April 2025
- Remarks by EU Commissioner Dombrovskis at the Eurogroup press conference
- In-Depth Analysis – Euro exchange rate policy in the face of currency coercion threats
INFORMAL ECOFIN COUNCIL
- Financing Defence: Debate on the second day of the informal ECOFIN Council in Warsaw
- EU Ministers of Finance discuss competitiveness and geopolitical challenges – first day of the informal ECOFIN Council in Warsaw
- Remarks by EU Commissioner Dombrovskis at the second ECOFIN press conference in Warsaw
FINANCIAL MARKETS
- Speech by Commissioner Albuquerque at the Eurofi High Level Seminar 2025
FINANCIAL SANCTIONS
- EU Commission to discuss with Member States and international partners the implementation of sanctions against Russia and Belarus
- Statement by Commissioner Albuquerque on the outcomes of the seventh High-Level Meeting on Sanctions implementation
- Statement by EU Sanctions Envoy, David O’Sullivan on the fifth Sanctions Coordinators Forum
DIGITAL EURO
- Slides: Piero Cipollone: Digital euro – The future of money
ECB
- ECB Blog: Worrying about war: geopolitical risks weigh on consumer sentiment
- Further ECB documents
- Consolidated financial statement of the Eurosystem as at 4 April 2025 (published 9 April 2025)
- WORKING PAPER SERIES – No. 3049: Do central bank reforms lead to more monetary discipline?
- LETTERS TO MEPS: Letter from Piero Cipollone to Aurore Lalucq, ECON Chair, on update on the work of the digital euro scheme’s Rulebook Development Group
ECB BANKING SUPERVISION
- European banking integration: harnessing the benefits, containing the risks – Speech by Claudia Buch, Chair of the ECB Supervisory Board
- Resilience, risk and regulation: anchoring stability in a rules-based international order – Keynote speech by Sharon Donnery
- Bloomberg Interview with Claudia Buch, Chair of the Supervisory Board of the ECB, conducted by Nicholas Comfort and Laura Noonan on 9 April 2025
- Balancing diversity and stability in European banking supervision – Article by Patrick Montagner, Member of the Supervisory Board of the ECB, for Eurofi Magazine
- Cross-border banking in the EU: from national silos to an integrated market – Article by Patrick Montagner, Member of the Supervisory Board of the ECB, for Eurofi Magazine
- Banks in a changing global landscape – Contribution by Anneli Tuominen, Member of the Supervisory Board of the ECB, for the Eurofi Magazine
- Further publications by the ECB Banking Supervision
- List of supervised entities – Cut-off date 1 March 2025
ESM
- Remarks by ESM Managing Director Pierre Gramegna at the press conference following Eurogroup meeting in Warsaw, 11 April 2025
- Nicoletta Mascher, Head of Financial Sector and Market Analysis: “Strengthening bank crisis management through transparency and cooperation”
- Further publications by the ESM
- ESM-SUERF-Bruegel Conference “Is Europe Prepared for Extreme Events? Risks – resilience – policy responses” – videos
- A new Global Financial Landscape: The future of Europe – Presentation by Kalin Anev Janse (PDF)
ARTIFICIAL INTELLIGENCE
- Working Paper No. 2025/076 : The Global Impact of AI: Mind the Gap
EBA
- EBA publishes its Peer Review on the performance of stress tests by Deposit Guarantee Schemes
- EBA updates list of institutions involved in the 2025 supervisory benchmarking exercise
- Ongoing EBA consultations
- 16 JANUARY – 16 APRIL 2025: Consultation on Guidelines on ESG scenario analysis
- 25 FEBRUARY – 26 MAY 2025: Consultation on amending ITS on benchmarking exercises
- 6 MARCH – 6 JUNE 2025: Consultation on proposed RTS in the context of the EBA’s response to the European Commission’s Call for advice on new AMLA mandates
EIOPA
- EIOPA launches Europe-wide liquidity stress test of occupational pension funds
- EIOPA follows a comprehensive and balanced approach to simplification amid push for competitiveness
- Further EIOPA publications
- Note on EIOPA’s views for better regulation and supervision
- Open EIOPA consultations
- Consultation on revised Guidelines on the treatment of related undertakings – Solvency II Review – Opening date: 3 April 2025 – Deadline: 26 June 2025, 23:59 (CEST)
- Consultation on Guidelines on exclusions from scope of group supervision – Solvency II Review – Opening date: 3 April 2025 – Deadline: 26 June 2025, 23:59 (CEST)
- Consultation on revised Opinion on Dynamic Volatility Adjustment (DVA) – Solvency II Review – Opening date: 3 April 2025 – Deadline: 26 June 2025, 23:59 (CEST)
- Consultation paper and impact assessment on EIOPA’s Opinion on AI governance and risk management – Opening date: 12 February 2025 – Deadline: 12 May 2025, 23:59 (CEST)
- Consultation on revised Guidelines on methods for determining the market shares for reporting – Opening date: 3 February 2025 – Deadline: 28 April 2025, 23:59 (CEST)
ESMA
- ESMA finalises rules on firms’ order execution policies under MiFID II
- ESMA delivers rules on the single volume cap, Systematic Internalisers and circuit breakers
- ESMA makes recommendations to simplify ESG disclosure rules for benchmarks administrators
- ESMA consults on rules for external reviewers of European Green Bonds
- ESMA consults on clearing thresholds under EMIR 3
- Further ESMA publications
- New Q&As available
- ESMA finalises rules on firms’ order execution policies under MiFID II
- ESMA delivers rules on the single volume cap, Systematic Internalisers and circuit breakers
- ESMA makes recommendations to simplify ESG disclosure rules for benchmarks administrators
- ESMA consults on clearing thresholds under EMIR 3
- ESMA consults on rules for external reviewers of European Green Bonds
- ESMA fines Modefinance S.r.l. EUR 420,000 for misleadingly using ESMA’s name in statements related to its credit rating activities
- Latest entries into the ESMA Library
- Verena Ross’ Keynote Speech at the ATVP Capital Markets Day, 8 April 2025
- Contact points of national supervisory authorities for communication in the MiFID II framework on supervisory cooperation, authorisation, acquisitions and passporting
- 2025 Calendar of the Chair of ESMA
- TRV Article – Fund names: ESG-related changes and their impact on investment flows
- Final Report on the Technical Standards specifying the criteria for establishing and assessing the effectiveness of investment firms’ order execution policies
- Final Report on SI notification, volume cap and circuit breakers
- Letter to the EC on the classification of fractional shares
- Final Report on the Common Supervisory Action on ESG disclosures under the Benchmarks Regulation
- Technical Advice to the European Commission on the amendments to the research provisions in the MiFID II Delegated Directive in the context of the Listing Act
- Natasha Cazenave’s opening statement at ECON hearing on crypto-assets and financial stability, 8 April 2025
- Consultation Paper on the Draft technical standards to further detail the new EMIR clearing thresholds regime – Reply form
- Consultation Paper on the Draft technical standards to further detail the new EMIR clearing thresholds regime
- Consultation Paper on the Technical Standards on the European Green Bond Regulation – Reply form
- Consultation Paper on the Technical Standards on the European Green Bond Regulation
- ESMA fines Modefinance S.r.l. EUR 420,000 for misleadingly using ESMA’s name in statements related to its credit rating activities – Press Release
- Public Notice – Modefinance infringements
- Decision on a supervisory measure in respect of an infringement by Modefinance
- Ongoing ESMA Consultations
- From 08/04/2025 to 16/06/2025: Consultation on the Draft technical standards to further detail the new EMIR clearing thresholds regime
- From 07/04/2025 to 30/05/2025: Consultation on the Technical Standards on the European Green Bond Regulation
- From 03/04/2025 to 03/06/2025: Consultation on the Draft implementing technical standards on the extension of the use of the alleviated format of insider lists
- From 03/04/2025 to 03/07/2025: MiFIR Review: Consultation Package 4 – transparency for derivatives, package orders and input/output data for the derivatives consolidated tape
- From 18/02/2025 to 19/05/2025: Consultation on the Guidelines on supplements which introduce new securities to a base prospectus
- From 17/02/2025 to 22/04/2025: Consultation on the Guidelines for the criteria on the assessment of knowledge and competence under MiCA
- From 13/02/2025 to 14/04/2025: Consultation on the Amendments to the RTS on Settlement Discipline
EIB
- Public-Private Partnerships in Security and Defence
- The state of local infrastructure investment in Europe – EIB Municipalities Survey 2024–2025
EU PARLIAMENT REGISTER
- MEP delegation travels to Paris to discuss economy and financial services
EP ECON Committee
- Latest news – Committee on Economic and Monetary Affairs
- Question to the ECB – Verizon und sein Nachfolger – PE771.964v01-00
- OPINION on a revamped long-term budget for the Union in a changing world – PE765.334v02-00
- DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union – PE770.091v02-00
- DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union – PE770.091v01-00
- Minutes – Wednesday, 19 March 2025 – Thursday, 20 March 2025 – PE771.898v01-00 – Committee on Economic and Monetary Affairs
- Minutes – Monday, 3 February 2025 – PE768.155v01-00 – Committee on Budgets , Committee on Economic and Monetary Affairs
EP Publications
- Publications – European Investment Bank – Annual Reports 2023 – Committee on Budgetary Control
- Publications – Control of the financial activities of the EIB – annual report 2023 – 2024/2052(INI) – Committee on Budgetary Control
- Publications – EIOPA – European Insurance and Occupational Pensions Authority – Committee on Budgetary Control
- Publications – ESMA – European Securities and Markets Authority – Committee on Budgetary Control
- Publications – EBA – European Banking Authority – Committee on Budgetary Control
EP Think Tank Papers
- Briefing – Private financing of the EU economy through pensions – 08-04-2025
- Briefing – State of play: EU support to Ukraine – Payments, reform and investment, use of immobilised Russian assets – 09-04-2025
- Briefing – Powering national financial instruments with Next Generation EU – 09-04-2025
- Briefing – Hungary’s National Recovery and Resilience Plan: Latest state of play – 07-04-2025
- Briefing – Sweden’s National Recovery and Resilience Plan: Latest state of play – 07-04-2025
- Briefing – Greece’s National Recovery and Resilience Plan: Latest state of play – 07-04-2025
EU Commission Answers to MEPs
- Answer to a written question – The online promotion of crypto-assets by Elon Musk in relation to the Markets in Crypto-Assets Regulation (MiCA) – E-000057/2025(ASW)
- Answer to a written question – Use of EU funds to finance ‘green’ lobbies – E-000296/2025(ASW)
- Answer to a written question – Modification of ERDF and ESF + Operational Programmes 2021-2027 following RESTORE – E-000921/2025(ASW)
- Answer to a written question – Just Transition Fund – P-000662/2025(ASW)
- Answer to a written question – Thierry Breton’s appointment to the Bank of America advisory council – E-000275/2025(ASW)
- Answer to a written question – European Insurance and Occupational Pensions Authority – lack of transparency in reports – E-000322/2025(ASW)
EU COUNCIL REGISTER
- WK 3970 2025 INIT – Omnibus package on sustainability – CSRD
- WK 3970 2025 ADD 1 – Omnibus package on sustainability – CSRD – Audit Directive
- WK 3970 2025 ADD 2 – Omnibus package on sustainability – CSRD – Accounting Directive
- ST 7779 2025 INIT – Draft DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements (first reading) – Adoption of the legislative act – Decision to derogate from the eight-week period provided for in Article 4 of Protocol 1 on the role
- ST 7275 2025 INIT – Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements. Mandate for negotiations with the European Parliament
- ST 7518 2025 INIT – Simplification: omnibus I & II packages State of play
- ST 7576 2025 INIT – Attendance of a third party at the Working Party on Competitiveness and Growth (High Level) on 29 April 2025 – Approval
- CM 1949 2025 INIT – Working Party on Competitiveness and Growth (High Level) (full day)
- WK 3970 2025 INIT Omnibus package on sustainability – CSRD
- WK 3570 2025 INIT Omnibus package on sustainability – CSRD
- WK 3970 2025 ADD 1 Omnibus package on sustainability – CSRD – Audit Directive
- WK 3970 2025 ADD 2 Omnibus package on sustainability – CSRD – Accounting Directive
- WK 3571 2025 INIT Reporting requirements – final consolidated text and 4CT
- WK 3523 2025 INIT CMDI CWP 18/03/2025: SRB’s Study on CMDI proposed changes (agenda item 2)
- WK 3308 2025 INIT FSC 12 March 2025 – Item 4 – ECB Occasional Paper Series: Capital markets union: a deep dive
- WK 3224 2025 INIT FSC 12 March 2025 – Item 1 – Quarterly update on financial risks – EBA presentation
- WK 3045 2025 INIT FSC 12 March 2025 – Item 1 – Quarterly update on financial risks – EIOPA presentation
- WK 3132 2025 INIT FSC 12 March 2025 – Item 1 – Quarterly update on financial risks – ESMA presentation
- WK 3132 2025 REV 1 FSC 12 March 2025 – Item 1 – Quarterly update on financial risks – ESMA presentation
- WK 3132 2025 REV 2 FSC 12 March 2025 – Item 1 – Quarterly update on financial risks – ESMA presentation
- WK 3156 2025 INIT FSC 12 March 2025 – Item 1 – Quarterly update on financial risks – ECB presentation
- WK 3082 2025 INIT EBA’s work on competent authorities’ approaches to tackling ML/TF risks in banks
- WK 3084 2025 INIT Call for Advice on EU/EEA banks funding structure and their dependence on asset and liability exposures in foreign currency
EU COMMISSION REGISTER
- COMMUNICATION TO THE COMMISSION COMMUNICATION FROM COMMISSIONER DOMBROVSKIS TO THE COMMISSION IN AGREEMENT WITH EXECUTIVE VICE-PRESIDENT FITTO on the positive preliminary assessment of the second payment request of Belgium pursuant to Regulation (EU) 2021/241
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF THE REPUBLIC OF MOLDOVA (2025-2027) COMMISSION ASSESSMENT
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF TÜRKIYE (2024-2026) COMMISSION ASSESSMENT
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF NORTH MACEDONIA (2025-2027) COMMISSION ASSESSMENT
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF SERBIA (2025-2027) COMMISSION ASSESSMENT
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF MONTENEGRO (2025-2027) COMMISSION ASSESSMENT
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF ALBANIA (2025-2027) COMMISSION ASSESSMENT
- COMMISSION STAFF WORKING DOCUMENT ECONOMIC REFORM PROGRAMME OF KOSOVO* (2025-2027) COMMISSION ASSESSMENT * This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence.
- COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
- COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
- COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
- COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
- COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
BANK FOR INTERNATIONAL SETTLEMENTS
- Financial Stability Board nominates Andrew Bailey to serve as its next Chair
- Further BIS publications
- Charting new horizons in central banking
- How accurately do consumers report their debts in household surveys?
- Leveraging tokenisation for payments and financial transactions
- Macroprudential and monetary policy tightening: more than a double whammy?
- Act early or pay later: the role of qualitative measures in effective supervisory frameworks
- The disciplining effect of bank supervision: evidence from SupTech
- Affordable housing, unaffordable credit? Concentration and high-cost lending for manufactured homes
- Mary-Elizabeth McMunn: Shocks and shifts – regulation and supervision in a changing world
- Jan Frait: Monetary policy analysis at the crossroads – insights from central banks’ reviews
- Eva Zamrazilová: The role of macroeconomic models in the forecasting process – survey results
- Piero Cipollone: Empowering Europe – boosting strategic autonomy through the digital euro
- Olli Rehn: In science we trust? European enlightenment in the harsh world of geopolitics
- Abdul Rasheed Ghaffour: Launch of the Cambodia-Malaysia cross-border QR phase 2
- Ida Wolden Bache: Cooperation and independence – Norges Bank in a turbulent world
- Chiara Scotti: Financial and tax regulation for the digital era – charting the path forward
- Madelena Mohamed: Supply chain resilience – insights into greening value chains for ASEAN
- Lisa D Cook: The economic outlook and path of policy
- Soledad Núñez: The Spanish banking system and the challenges it faces
- Sanjay Malhotra: Welcome address – 90th anniversary of the Reserve Bank of India
- Christine Lagarde: The transformative power of AI
- Abdul Rasheed Ghaffour: Unlocking opportunities to advance ASEAN climate initiatives
- Philip N Jefferson: US economic outlook and central bank communications
- Adriana D Kugler: Inflation expectations and monetary policymaking
- Christopher Kent: The Reserve Bank of Australia’s monetary policy implementation system – some important updates
- Christian Hawkesby: Finance and Expenditure Committee – inquiry into banking competition
- Boundedly Rational Expectations and the Optimality of Flexible Average Inflation Targeting
- The disciplining effect of bank supervision: evidence from SupTech
- Affordable housing, unaffordable credit? Concentration and high-cost lending for manufactured homes
- Pass-through of the increase in the VAT rate on inflation
- Index fund flows and fund distribution channels
- Global or Regional Safe Assets: Evidence from Bond Substitution Patterns
- Subjective Uncertainty and the Marginal Propensity to Consume
- U.S. Treasury Market Functioning from the GFC to the Pandemic
- Measuring Geopolitical Fragmentation: Implications for Trade, Financial Flows, and Economic Policy
- Interest rate control and the transmission of monetary policy
- The Transmission of Macroprudential Policy in the Tails: Evidence from a Narrative Approach
- Foreign investment dynamics: The impact of benchmark-driven versus unconstrained investors on local credit conditions
- Was the Post-Lockdown Inflation Surge Mainly Supply Driven?
IMF
- Spain: IMF staff concluding statement of the 2025 Article IV Mission
- Further IMF publications
- IMF Executive Board Concludes 2025 Article IV Consultation with the Principality of Andorra
- Country Report No. 2025/093 : Principality of Andorra: Selected Issues
- Country Report No. 2025/092 : Principality of Andorra: 2025 Article IV Consultation-Press Release; and Staff Report
- Technical Assistance Report No. 2025/040 : Cyprus: Technical Assistance Report-Managing Government Employment and Compensation
- Working Paper No. 2025/072 : Firm Financing During Sudden Stops: Can Governments Substitute Markets?
- Working Paper No. 2025/074 : A New GCC Fiscal Era – A Look at the Macro and Firm-Level Impact of Tax Reforms
- Working Paper No. 2025/075 : “Checking the Receipts” Audits of Emergency Finance
- Working Paper No. 2025/073 : Do ESG Considerations Matter for Emerging Market Sovereign Spreads?
- IMF Executive Board Approves 48-month US$20 billion Extended Arrangement for Argentina
- IMF and Seychelles Reach Staff-Level Agreement on the Fourth Reviews Under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) Arrangements
- IMF Executive Board Approves 48-month US$20 billion Extended Arrangement for Argentina
- IMF Executive Board Concludes 2025 Article IV Consultation with the Principality of Andorra
- Spain: Staff Concluding Statement of the 2025 Article IV Mission
- Azerbaijan: Staff Concluding Statement of the 2025 Article IV Mission
- IMF Executive Board Concludes 2025 Article IV Consultation, Third Review under the Resilience and Sustainability Facility with Morocco
- Austria: Concluding Statement of the 2025 Article IV Mission
- Comparing India’s FMIS with OECD countries
- Geopolitical Risks: Implications for Asset Prices and Financial Stability
- Governor Talks – Kazakhstan: Inflation Targeting in a Turbulent World
- Governor Talks – Navigating Uncertainty: Poland’s Vision for a Stronger More Resilient Europe
- Governor Talks – Ethiopia: In the Crucible—Implementing Transformative Reform from the Central Bank
- Governor Talks – Argentina: Macroeconomic Stabilization Challenges and Lessons
- Press Briefing: Western Hemisphere Department, April 2025
- IMF Seminar: Lowering the Cost of Capital for EMDEs
ITALY
- Publications by Banca d’Italia
- Opening of ‘The Adventure of Money From Gold to the Digital Euro’ exhibition [pdf, 154.0 KB]
- Governor Panetta in conversation with students on the theme of money, together with Il Sole 24 Ore – Live at 10:30 a.m., 12 April
- Hearing of Giuseppe Siani in the Investigation Committee on the Banking, Financial and Insurance System
- Hearing of Giuseppe Siani in the Investigation Committee on the Banking System
- Digital Euro: the New Rulebook Development Group Progress Report is published – April 2025
- Call for papers conference ‘Monetary Policy and Heterogeneity in Households, Firms, and Financial Intermediaries: Insights from Microdata’
- Webinar: ‘Financial education in schools’ – 9 April 2025
- Digital euro project: update by Piero Cipollone (ECB)
- Banca d’Italia promotes artificial intelligence project in the Italian financial sector
- Financial and Tax Regulation for the Digital Era: Charting the Path Forward [pdf, 231.4 KB]
- Chiara Scotti speaks at the conference on ‘The interplay between tax and financial regulation in a new digital environment’
SPAIN
- Publications by Banco de España
- Economic Bulletin. 2025/Q2 Article 03. Evolución y tendencias en los pagos de los consumidores españoles
- Occasional Papers. Evolución de la investigación neurocientífica del efectivo: revisión y perspectivas actuales
- Statistical Bulletin. March 2025
For tailored regulatory monitoring services focused on specific policy areas, institutions, or topics, contact our Insight EU team at sales[a]ieu-monitoring.com or follow one of the links below:
- Insight EU Premium subscription: ieu-monitoring.com/plans/subscribe
- Targeted Insight EU Monitoring subscriptions: ieu-monitoring.com/ieu-store
- Tailored and targeted Insight EU Monitoring offers: ieu-monitoring.com/order-form
- FAQs for further information