Candidates from the main national parties [the People’s Party, the Spanish Socialist Workers’ Party (PSOE), Podemos (United We Can Change Europe) and Ciudadanos (Citizens)] and members of the Economic and Social Committee participated in a round table debate organised by the EESC on the premises of the European Commission Representation in Spain. Entitled “Deepening democracy: Building more Europe”, the aim of the round table was to analyse the policies needed to build a stronger Europe that could guarantee a future of economic progress and social justice.
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a second amendment to the Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today a second amendment to the Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR). The amendment reflects the outcome of a monitoring exercise on the adequacy of existing mappings. The ITS are part of the EU Single Rulebook for banking aimed at creating a safe and sound regulatory framework consistently applicable across the European Union (EU).
The fifty-first meeting of the EEA Council took place in Brussels on 20 May 2019 under the Presidency of Mr Ștefan-Radu Oprea, Minister for Business Environment, Commerce and Entrepreneurship of Romania, representing the Presidency of the Council of the European Union. The meeting was attended by Ms Aurelia Frick, Minister of Foreign Affairs of Liechtenstein, Mr Guðlaugur Þór Þórðarson, Minister for Foreign Affairs of Iceland, and Ms Ine Eriksen Søreide, Minister of Foreign Affairs of Norway, as well as by members of the Council of the European Union and representatives of the European Commission and the European External Action Service. The EEA Council discussed the overall functioning of the Agreement on the European Economic Area (EEA Agreement) and held an orientation debate on Climate change: Long-term strategies towards 2050 and the implementation of the Paris agreement.
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 European Securities and Markets Authority (ESMA) has issued today the official translations of its Guidelines on the application of the endorsement regime under Article 4(3) of the Credit Rating Agencies Regulation.
Working Paper Series No 2283 / May 2019.
Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade (exports plus imports) the US dollar (45%) was used slightly more often than the euro (41%).
Keynote lecture by Mr Ignazio Visco, Governor of the Bank of Italy, at the Aaron Institute for Economic Policy Conference 2019, Herzliya, 16 May 2019.
The European Investment Bank (EIB) has signed a loan agreement with Internet of Things (IoT) security technology company Intrinsic ID. The EIB will lend EUR 11 million in support of the expansion of Intrinsic ID’s R&D, engineering, product development and support resources. The EIB loan is supported under the European Fund for Strategic Investments (EFSI), main pillar of the Investment Plan for Europe, or “Juncker Plan”.