Address by Governor Øystein Olsen to the Supervisory Council of Norges Bank and invited guests on Thursday 14 February 2019.
Introductory remarks by Mr Carlos da Silva Costa, Governor of the Bank of Portugal, at the IE Business Leadership Forum “What lessons from the crisis for EMU and how will life be in the future?”, Lisbon, 14 February 2019.
The EU will soon have in place a more robust framework to regulate and supervise banks. EU ambassadors today endorsed an agreement reached between the Romanian presidency and the Parliament on a set of revised rules aimed at reducing risks in the EU banking sector.
“The two amendments proposed by the Commission in March 2018 to the Regulation on cross-border payments will reduce the cost of intra-EU payments within the entire EU and unify the single retail payments market. This will benefit in particular citizens and businesses from the non-euro area Member States by letting them have access to cheaper intra-EU euro payments. Transactions made in EU currencies other than the euro are not impacted by the revised Regulation; however, Member States are free to extend the rules to other currencies.”
Vice-President Valdis Dombrovskis’ opening statement at the European Parliament Plenary debate on the Cross-border Payments Regulation, Strasbourg, 13 February 2019.
Total assets of credit institutions headquartered in the EU increased year on year by 0.5%, from €33.0 trillion in September 2017 to €33.2 trillion in September 2018. The non-performing loans ratio dropped year on year by 1.0 percentage point to 3.4%.