Articles from 9 October to 15 October 2020
General Financial Policy
EURACTIV: EU governments, parliament edge closer to deal on recovery plan : The European Union edged closer to a deal over the bloc’s budget and recovery package of €1.8 trillion after national governments offered concessions, but key differences remained.
Banking Union
SSM: What are the priorities for ECB Banking Supervision amid the pandemic? : Conversation between Kerstin af Jochnick, Member of the Supervisory Board of the ECB, and Tuba Raqshan, Journalist for Asset News, at L’AGEFI Global Invest Forum in Paris
SSM's Enria: Interview with Handelsblatt : Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, by Yasmin Osman and Kathrin Jones, conducted on 5 October 2020 and published on 12 October 2020
Capital Markets Union
EIOPA: Introductory statement of Gabriel Bernardino at hearing of the ECON Committee : In his introductory statement, Mr Bernardino touched on the steps taken to mitigate the impact of COVID-19, the broader implications for EIOPA's supervisory work and the role for insurance and pensions in the recovery.
ESMA's Ross at AFME: review of the MiFID/ MiFIR framework and of the Market Abuse Regulation (MAR). : This conference is also very timely for me to raise two key topics you have discussed or will discuss in other sessions – the review of the MiFID/ MiFIR framework and of the Market Abuse Regulation (MAR).
Environmental, Social, Governance (ESG)
BETTER FINANCE Response to the EC Consultation on EU Green Bond Standards: the green bond market has been growing rapidly in the recent years. But several issues are affecting this market and eroding investor confidence in this financial instrument.
Accountancy Europe welcomes EU sustainable corporate governance initiative: Accountancy Europe welcomes the EU initiative to further embed sustainability into the EU corporate governance framework and provided feedback on its roadmap.
BETTER FINANCE feedback to the European Commission on Sustainable Corporate Governance: BETTER FINANCE warmly welcomes the European Commission initiative to improve the EU regulatory framework on company law and corporate governance.
GRI: Rising trust in sustainability reporting around the world: Public opinion poll on social and environmental corporate performance. Research across 27 markets has found that trust in how companies communicate their sustainability performance has increased to a record 51% this year, with significant variations by country.
Protecting Customers
BETTER FINANCE Response to the EC Consultation on the new Consumer Agenda : Corporate social responsibility and pro-environmentalism has gained importance among consumers too often providing incentives for producers to brand unsustainable products as green or environmentally friendly.
Fin Tech Regulation
ECB's Panetta: A digital euro for the digital era : Introductory statement by Fabio Panetta, Member of the Executive Board of the ECB, at the ECON Committee of the European Parliament. The quest to ensure that means of payment are fit for purpose has characterised economic history.
BIS: Central bank digital currencies: foundational principles and core features: Joint report by The Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve and Bank for International Settlements.
Insurance Europe: Improvements to eIDAS framework needed to promote trusted digital identities for all Europeans : Digital identities and the associated processes of authentication and authorisation are an essential component of the digital single market and of national and European economies
Insurance Europe: New EC consumer agenda opportunity to ensure EU rules meet needs and expectations of greener consumers in a digital world : Insurance Europe has today published a position paper in response to a consultation conducted by the European Commission on its new consumer agenda.
Broadening the International Role of the Euro
Bruegel: For the euro there is no shortcut to becoming a dominant currency: As an international currency, the euro has always been a distant second to the dollar. The idea of a greater international role for the euro has been floated, but without major institutional reform, the euro will not become a dominant currency.
Brexit
Der Spiegel@ A Looming Disaster - Brexit Threatens to Become the Messiest of Messy Divorces : Britain will be leaving the EU common market at the end of the year and there are still important issues to be hammered out. Both sides could be facing a disaster in the form of huge traffic jams, job losses and rising prices.
FT: European businesses urge UK trade deal to avoid ‘brutal split’ : German, Italian and French groups call on leaders to explore all possible options
FT: UK lawyers and accountants risk losing in EU deal, warns report : Professional services ignored in negotiations, Lords committee says