Croatian companies listed on the Zagreb Stock Exchange will further improve their corporate governance to meet the best European standards thanks to the introduction of a new code of corporate governance developed with support of the EBRD, led by the Bank’s Legal Transition Team.
The inaugural meeting of the Joint EU-Japan financial regulatory forum was held in Tokyo on 11th October. (The earlier Japan-EU High Level Meeting on financial Issues was transformed into this Forum in line with the Annex for Regulatory Cooperation on Financial Regulation contained in the Japan-EU economic partnership agreement (EPA)). This year’s meeting provided an important opportunity for Senior Officials from both sides to exchange views on the recent regulatory and supervisory developments in the financial sector at international level and in their respective jurisdictions.
His speech focused on the role of corporate governance to attract retail investors to the financial markets, the EU’s Capital Markets Union and the role of ESMA.
The Council adopted revised rules for clearing houses in the single market.
The new framework sets out how EU and third country clearing houses should be supervised in the future, taking particular account of the effects of Brexit on the European financial system. It will be implemented through a revision of the European market infrastructure regulation (EMIR).
The EBRD is investing PLN 80 million – equivalent to €18.5 million – in the first green covered bond issuance by ING Bank Hipoteczny, combining support for capital market development and for the green economy in Poland. The total volume of the issuance, which was successfully placed today, was PLN 400 million.
The EU economic and financial affairs ministers met in Luxembourg on 10 October. One of the main items on the agenda was establishment of a European bank for climate and development. The meeting was chaired by Finland’s Minister of Finance Mika Lintilä.
A summary of the hearing is now available.
Laying the foundations for the continuation of strong economic growth and for addressing future challenges, the government of Poland has adopted the country’s capital market development strategy, drafted with support from the European Union (EU) and the EBRD.