On 12-13 June 2019, the EU-Canada financial services committee met in Ottawa. Almorò Rubin De Cervin, Acting Director for General Affairs at the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, attended the meetings. He explains what the key issues are in the area of financial services and why the EU is an important partner for Canada.
Thanks to financial support under the EaSI Capacity Building Investments Window, which is managed by the European Investment Fund (EIF) on the European Commission’s behalf, two microfinance institutions in Romania will have more capacity to provide microloans to small businesses.
A joint High-level mission of the European Commission and key European and international financial institutions as well as the United Kingdom’s Department for International Development was in Amman today to confirm coordinated international support for the Government of Jordan’s economic reform agenda.
This is the second of three planned disbursements under the second Macro-Financial Assistance (MFA) programme to Tunisia that was adopted by the European Parliament and the Council on 6 July 2016. In total, the second programme is worth €500 million. With today’s disbursement, the EU has now provided Tunisia with €550 million in MFA funds since 2015.
A European Investment Bank (EIB) delegation is attending the Caribbean Development Bank’s (CDB) annual Board of Governors meeting to explore opportunities for financing new projects in the Caribbean and to meet high-level representatives from across the region.
This year’s meeting, with the title “Experiences and financial cooperation between Europe and Latin America”, is aimed at examining strategies, mechanisms and alternatives to boost financial and technical cooperation relations between the countries of Latin America and the European Union, paying particular attention to achieving the Sustainable Development Goals (SDGs), implementing the bi-regional development cooperation agenda, and tackling trade barriers.
The International Organization of Securities Commissions (IOSCO) and the European Securities and Markets Authority (ESMA) welcome the Opinion of the European Data Protection Board (EDPB) on their administrative arrangement for the transfer of personal data between European Economic Area (EEA) Financial Supervisory Authorities and non-EEA Financial Supervisory Authorities.
The new arrangements further strengthen existing close cooperation in order to maintain financial stability. Given the global nature of financial markets, it is important that cooperation between regulators continues to be reinforced. Bilateral arrangements signed between resolution authorities underpin this cooperation and are important for resolution planning. The new deals cover the exchange of information and cooperation in resolution planning especially for financial institutions with cross-border operations.
The new deals cover the exchange of information and cooperation in resolution planning especially for financial institutions with cross-border operations. The goal is to facilitate the resolution of banks present across the respective jurisdictions.