Counterparty eligibility assessment to take into account information on capital, leverage and liquidity ratios New category of assets added as eligible collateral Today the European Central Bank (ECB) has published a new Guideline (ECB/2015/27) amending the General Documentation (GD) on the implementation of the Eurosystem’s monetary policy. The new Guideline introduces some changes to the monetary policy implementation framework: First, the provisions on counterparty eligibility have been revised in light of recent legislative developments in the implementation of the Banking Union. In...

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The European Union supports entrepreneurs and businesses with a wide range of EU programmes providing financing through local financial institutions. Every year the EU supports more than 200.000 businesses. Who is eligible for EU funding? Funding is available for start-ups, entrepreneurs and companies of any size or sector. A wide range of financing is available: Loans, guarantees, equity funding and other. How it works The decision to provide EU financing will be made by the local financial institutions such as banks, guarantee societies...

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Panel remarks prepared by Vítor Constâncio, Vice-President of the ECB, at the Annual Congress of the European Economic Association University of Mannheim, 25 August 2015 It is a great pleasure to participate in this policy panel and to share the stage with such distinguished fellow participants. My plan today is to present some key features of the monetary policy measures recently implemented by the ECB. As you all know, in January this year the ECB launched the most recent addition to...

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The Commission is consulting on Directive 93/83/EEC of 27 September 1993 on the coordination of certain rules concerning copyright and rights related to copyright applicable to satellite broadcasting and cable retransmission (Directive) first to gather input for the evaluation process in order to assess the current rules, and, second, to seek views on a possible extension of the Directive in light of market and technological developments, with the objective of contributing to the Digital Single Market Strategy. The survey is...

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CAB 2023 complements CAB 2019 and CAB 2026 EUR 10bn CAB issuance testament to EIB’s strategic commitment Highest Sustainability Bond Rating yet assigned by oekom On 20 August 2015, the European Investment Bank (EIB), the EU Bank owned by the EU Member States, rated Aaa/AAA/AAA (Moody’s / Standard and Poor’s / Fitch), issued a new EUR 600m Climate Awareness Bond (CAB). The issue carries an annual coupon of 0.5%, has a final maturity date of 15 November 2023 and has been priced...

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Prime Minister Alexis Tsipras resigned today, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece's creditors for a better bailout deal but had to cave in. Tsipras submitted his resignation to President Prokopis Pavlopoulos and asked for the earliest possible election date. Government officials said the aim was to hold the election on Sept. 20, with Tsipras seeking to quell a rebellion in his leftist Syriza party and seal public...

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According to Reuters News Greek Prime Minister Alexis Tsipras will hand in his resignation later on Thursday, today, and propose early elections be held on Sept. 20, government officials said. Tsipras was elected only in January but has suffered a rebellion among hard left lawmakers in his Syriza party and had to rely on opposition support to win parliamentary approval for Greece's new 86 billion euro bailout deal. - According to the constitution, if a government resigns within a year of...

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20 August 2015 -- The European Commission signed the Memorandum of Understanding (MoU) with Greece for a new stability support programme late on Wednesday. The European Stability Mechanism (ESM), Europe's firewall established in 2012 in response to the global financial crisis, will be able to disburse up to EUR 86 billion in loans over the next three years, provided that Greek authorities implement reforms to address fundamental economic and social challenges, as specified in the MoU. Following months of intense...

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The EU Commission is aiming to present a new, more ambitious circular economy strategy late in 2015, to transform Europe into a more competitive resource-efficient economy, addressing a range of economic sectors, including waste. The strategy will be fully aligned with the priorities of the new Commission. It will comprise a revised legislative proposal on waste and a Communication setting out an action plan on the circular economy for the rest of this Commission’s term of office. The action...

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