A climate risk stress test that the European Central Bank (ECB) conducted with more than 100 banks showed that most banks lack a climate risk stress-testing framework and do not include climate risk in their credit risk models, thus posing a risk to financial stability in Europe. Moreover, around two-thirds of banks’ income from non-financial…
Since interest rates increase as a reaction to high inflation figures, corporations might be incentivised to turn towards equity instead of debt to finance their investments. Overall, however, investments could stagnate due to the uncertain economic outlook. In June, year-on-year inflation reached an estimated 8.6%, according to figures from Eurostat, an increase is largely driven…
Central banks across Europe raised interest rates on Thursday (16 June), some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits. Fuelled initially by soaring oil prices in the wake of Russia’s invasion of Ukraine, inflation has broadened…
Croatia fulfils all economic criteria to join the euro area in January 2023 despite rising inflation, according to the EU Commission’s biannual convergence report, published on Wednesday (1 June) Of all the EU countries that do not use the euro, Croatia is currently the only one to fulfil all convergence criteria, the Commission stated in…
France’s insurance sector is growing again while banks have seen a “return to normal” after the COVID-19 crisis, the governor of the Bank of France, François Villeroy de Galhau, said on Tuesday (31 May). Villeroy de Galhau, who was invited to present the activity report of the French Prudential Control and Resolution Authority (Autorité de…
From the EU Commission to the European Investment Fund, banks and venture capitalists, and then social enterprises, money changes hands many times before reaching its final destination. The social economy is not the most obvious business case, hence why the EU tries to support it with its own funds. However, large amounts of public money…
Подача осуществлялась в соответствии с обязательствами государств-членов. В соответствии с мерами борьбы с последствиями экономической политики, направленными на компенсацию последствий войны в России в Украине, направленными на компенсацию гражданам роста цен на энергоносители и топливо и защиту наиболее уязвимых групп и наиболее распространённых секторов. Они также объясняют макроэкономический и налогово-бюджетный сценарий для отчетного периода .…
Закон об экономических преступлениях (прозрачность и правоприменение) 2022 года (« Закон ») получил королевскую санкцию 15 марта 2022 года. Закон вводит реестр иностранных организаций и их бенефициарных владельцев, владеющих землей и имуществом в Великобритании («Зарубежный реестр» ) . а также включает реформы британских приказов о необъяснимом богатстве и режимов экономических санкций. Эти меры являются частью…
The EU needs tougher measures to protect its budget from misuse by political elites serving their own interests, according to a report adopted by Parliament on 24 March. The report says there are more political elites than ever misdirecting public funds from the EU budget to serve their own interests. The report also highlights the…
Parliament approved changes to the rules on charging heavy goods vehicles for road useon 17 February 2022. The changes to the Eurovignette directive replace the current time-based charges for trucks with distance-based charges. By charging for the actual kilometres driven, the system will better reflect the polluter-pays principle, which is at the heart of the…
