A hand-picked number of European Innovation Council (EIC) pilotpioneers presented their innovations to c-level managers of OTP Bank in Budapest, Hungary, one of the biggest banks in Europe. This EIC Corporate Day, a service specially designed to EIC-funded businesses a head start to the market, focussed on new technologies and innovative solutions for the banking sector.
Commissioner for Economic and Financial Affairs, Taxation and Customs Union, Pierre Moscovici is co-signing today a €2 million grant contract with OECD partners today on the 26 November 2019, in support of developing countries’ efforts to meet global standards in tax transparency and information exchange. The signing takes place in the margins of the 10th Anniversary Meeting of the Global Forum in Paris.
Farmers, businesses and homeowners in Tajikistan will benefit from better access to climate finance thanks to the Green Economy Financing Facility (GEFF) Tajikistan, launched by the EBRD today. The US$ 25 million facility will offer loans for investments in high-performing technologies that improve the use of water, energy and land resources in Tajikistan, in partnership with local financial institutions. Humo, a local microfinance institution, is the first partner to join the facility, with a loan of US$ 1 million for on-lending to its clients.
The Grand Duchy of Luxembourg and the EIB have committed to working ever more closely together on two of their joint priorities: the development of the microfinance sector in ACP countries and the fight against climate change. At the EIB’s annual Donors Conference, taking place in Luxembourg today, they launched a Financial Inclusion Fund, dedicating EUR 3.6m to support for micro and small businesses in Africa, the Caribbean and the Pacific. They also agreed to extend the Luxembourg-EIB Climate Finance Platform, which was originally established in 2017 for three years.
Albanian businesses will benefit from better access to finance as a result of a €30 million unfunded Risk Participation Agreement that was signed in Tirana by the EBRD’s Managing Director for Central and South-Eastern Europe, Charlotte Ruhe, and Union Bank, a longstanding client.
A summary of the joint debate is now available.
Colloqium BFF-SUERF with keynote speakers Robert KOOPMAN, Director WTO and John BERRIGAN, Deputy DG EC.
These activities count for 7 training points or hours within the scope of the retraining scheme for bank and insurance intermediaries, accountants, tax consultants, audit and tax specialists.
The European Banking Authority (EBA) published today a report identifying potential impediments to the cross-border provision of banking and payment services in the EU. Developed under the EBA’s FinTech Roadmap, this Report calls on the European Commission to facilitate cross-border access, including the update of interpretative communications on the cross-border provision of services and further harmonisation of consumer protection, conduct of business and AML/CFT requirements, in order to facilitate the scaling up of activity cross-border.