The European Commission has adopted last June 12 a delegated act that postpones by one additional year – until 1 January 2027 – the date of application of the one remaining part of the Basel III international standards in the EU – the Fundamental Review of the Trading Book (FRTB). The FRTB aims to introduce […]
Council adopts regulation on financial benchmarks to ease burden on SMEs
The Council adopted on 24 March a regulation on financial benchmarks, which aims to cut red tape for EU companies, in particular for SMEs. Benchmarks are generally used by companies and investors in the EU as a reference in their financial instruments or contracts. This Regulation amends a 2016 Regulation as regards the scope of […]
Spain among the largest recipients of grants to support research excellence
The European Research Council (ERC) has awarded its Consolidation Grants to 328 researchers from across Europe. These grants, totalling €678 million, aim to support outstanding scientists and academics in setting up their independent research teams and developing their most promising scientific ideas. The funding is provided through the EU’s Horizon Europe programme. Spain is the […]
EU leaders call for strong European financial architecture
The Euro Summit was held in inclusive format with all 27 EU leaders present, focusing on the economic and financial situation of the European Union. EU leaders also discussed the coordination of fiscal policies, the EU’s economic governance framework and the financial architecture of the Economic and Monetary Union (EMU). Economic outlook In a statement, […]
ECOFIN: economic prospects and challenges in Covid-19 Europe
NEXT MEETINGS 25 May, European Economic Area Council 11 June, Eurogroup The Economy and Finance Ministers are meeting on 19 May to exchange views on the progress made with regard to the EU’s response measures to the COVID-19 crisis. ECOFIN At this meeting the ministers addressed: News on COVID-19 measures Update on COVID-19 measures Regulation […]