The world is running out of time to act on climate change. The 2015 Paris Agreement has committed the world to limit global warming to well below 2°C and stay as close as possible to 1.5°C above pre-industrial levels. To achieve these goals, global greenhouse gas emissions need to reach “net zero” by the middle of the century. Urgent action is needed.
Original title: Plan Juncker: La Banque européenne d’investissement investit 80 millions d’euros dans le fonds Eiffel Essentiel
The European Securities and Markets Authority (ESMA), the EU’s securities regulator, has published the second Trends, Risks and Vulnerabilities (TRV) report for 2019. The report identifies a deteriorating outlook for the asset management industry and continued very high market risk. Recent trade tensions have triggered renewed volatility, and concerns over a no-deal Brexit remain key risk drivers for the second half of 2019.
Panel contribution by Luis de Guindos, Vice-President of the ECB, at The European House-Ambrosetti Forum, Cernobbio, 7 September 2019.
The European Investment Bank (EIB) and Ibercaja have taken a new step forward today to help small and medium-sized enterprises (SMEs) access loans on favourable terms. The EU bank has provided Ibercaja Banco with a EUR 150m loan to finance the investment projects and working capital needs of Spanish SMEs and mid-caps (with up to 3 000 employees). Under the agreement, Ibercaja will add a further EUR 150m to this credit line, meaning that the final financing volume made available to SMEs and mid-caps by the two institutions will total EUR 300m.
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has developed a framework to be used for stress simulations for the investment fund sector. The method developed by ESMA is presented in detail in its Economic Report published today, and is accompanied by a case study where it is applied to 6,000 UCITS bond funds.
The European Securities and Markets Authority (ESMA) has published today its final guidance regarding liquidity stress tests of investment funds – applicable to both Alternative Investment Funds (AIFs) and Undertakings for the Collective Investment in Transferable Securities (UCITS).
Occasional Paper Series No 228 / August 2019
According to the EESC, the European manufacturing system can only make an effective and competitive transition to a cutting-edge digital and environmentally friendly economy when it is ready for significant investments in innovation. As the main job creators and providers, small and medium sized enterprises (SMEs) need particular support. The steps planned by the European Commission to facilitate better development of the manufacturing system should therefore be consistently based on real awareness of companies’ – especially SMEs’ – needs.