Following on from the European Parliament’s and Council’s adoption of the Single Market Programme, the Commission adopted on 6 May 2021 the necessary …
Financial Supervisory Authority : Press release - Happy birthday Europe!
05/09/2021 | 03:02am EDT
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București, 9 mai 2021 - Cu ocazia sărbătoririi Zilei Europei , Autoritatea de Supraveghere Financiară salută efortul depus la nivel european pentru dezvoltarea piețelor financiare nebancare. 71 years ago, an idea transformed Europe. Since then, every year, Europe Day is an opportunity to remind ourselves of the strength of projects built on a common vision. At European level, such an approach is the Capital Markets Union, which aims to improve access to finance for companies and, in this way, boost economic development by integrating European capital markets. said the President of the Financial Supervision Authority, Mr. Nicu Marcu.
Press release - Happy birthday Europe!
București, 9 mai 2021 - Cu ocazia sărbătoririi Zilei Europei , Autoritatea de Supraveghere Financiară salută efortul depus la nivel european pentru dezvoltarea piețelor financiare nebancare. 71 years ago, an idea transformed Europe. Since then, every year, Europe Day is an opportunity to remind ourselves of the strength of projects built on a common vision. At European level, such an approach is the Capital Markets Union, which aims to improve access to finance for companies and, in this way, boost economic development by integrating European capital markets. said the President of the Financial Supervision Authority, Mr. Nicu Marcu.
Ireland not being singled out over tax in EU Covid fund, Commissioner says
EU Commissioner Mairead McGuinness (IIEA/PA)
Fri, 07 May, 2021 - 20:19
Michelle Devane, PA
Ireland is not being singled out by the EU attaching conditions to its Covid-19 economic recovery funding, the EU Financial Services Commissioner has said.
Mairead McGuinness said Ireland is not being treated “any differently” to any other member state.
Ireland is due to get hundreds of millions of euro in funding over the next three years as part of the EU’s €700bn recovery fund, but its contingent on a plan being submitted outlining how it intends to spend that money.
ISDA derivatiViews: The Case For Stability In Euro Clearing Date
06/05/2021
Over the past year, the coronavirus pandemic and Brexit have presented derivatives markets with their greatest test since the financial crisis. While the market has proved its resilience, the prospect of a forced relocation of derivatives clearing from the UK to the EU poses a further threat of disruption and fragmentation.
As it stands, EU firms have been able to clear at UK central counterparties (CCPs) following the end of the Brexit transition period, thanks to a temporary equivalence determination granted in September 2020. However, that equivalence decision is due to expire in mid-2022, and the European Commission (EC) has made it clear there won’t be an extension. In the interim, EU institutions have been told to reduce their exposure to UK clearing houses.