On 17 July ,the European Commission adopted a Communication on the competitiveness of the EU banking sector, setting out measures to strengthen the single banking market. President of the European Commission Ursula von der Leyen said: “Getting capital flowing is how we will get Europe growing. Our Savings and Investments Union needs a strong, competitive banking sector […]
Commission adopts temporary adjustments to Basel III Market Risk Rules to safeguard EU banks’ competitiveness
To ensure that the EU banking sector benefits from a level playing field with international competitors, the European Commission has introduced targeted, time-limited amendments to its implementation of the new market risk capital framework for banks. The measures will apply for three years from 1 January 2027. The Fundamental Review of the Trading Book (FRTB), part […]
Commission launches major package to fully integrate EU financial markets
Last December 4, the European Commission adopted a comprehensive package of measures designed to remove barriers and unlock the full potential of the EU single market for financial services. This package is a central component of the Savings and Investments Union (SIU) strategy, aiming to create a more integrated, efficient, and competitive financial system providing EU […]
Commission advances the Savings and Investments Union with measures to mobilise insurers’ and banks’ capital for Europe’s future
The Commission has adopted two measures to support the essential role institutional investors, such as banks and insurers, play in the financing the EU economy. These measures deliver on the roadmap set out in the Savings and Investments Union (SIU) strategy and contribute to the EU’s broader objectives of supporting private investment, improving capital market integration, and strengthening Europe’s long-term competitiveness, for the benefit of […]
The European Commission approves a €120 million Spanish scheme to support investments in strategic sectors of the Asturias region
The European Commission has approved a €120 million Spanish scheme to support investments in strategic sectors in the Asturias region to foster the transition to a zero net emission economy, in line with the Green Deal Industrial Plan. The scheme was approved under the Temporary Crisis and Transition Framework for state aid, adopted by the […]
Do you know what the EU has done to promote and support the development and use of clean technologies?
In a Communication adopted, the Commission is setting out what the EU has done to promote and support the development and deployment of clean technologies, by reinforcing the Single Market, ensuring a level-playing field, supporting research and innovation, expanding its network of trade agreements, and mitigating the impact of external developments. It also looks at first […]
EU budget 2023
The Commission has proposed an annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113.9 billion in grants under NextGenerationEU. The EU budget will continue to mobilise significant investments to boost Europe’s strategic autonomy, the ongoing economic recovery, safeguard sustainability and create jobs. The Commission will continue to prioritise green […]