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Transatlantic News
Transatlantic News
07
Dec
The European Parliament and the Council of the European Union reached a provisional political agreement on the banking package, a comprehensive set of reforms that the Commission proposed to further strengthen the resilience and the resolvability of EU banks.
The Commission welcomes the provisional political agreement, which marks an important milestone in reducing risk in the Union banking sector and reinforcing the resilience of banks. Together with the encouraging data on risk reduction presented by the Commission last week, this prepares the...
07
Dec
ESMA is today launching the process to renew the Consultative Working Group (CWG) of the Financial Innovation Standing Committee (FISC). ESMA is calling for expressions of interest from stakeholders to become a member of the CWG by 15 January 2019.
ESMA has established the CWG to benefit from the expertise of stakeholders who are involved in the topics related to financial innovation under ESMA’s remit (securities markets, market infrastructures, institutional and retail investors) and with a view to support ESMA’s...
06
Dec
1. CONTEXT OF THE PROPOSAL
• Reasons for and objectives of the proposal
On 29 March 2017, the United Kingdom notified the European Council pursuant to Article 50
of the Treaty on European Union of its intention to withdraw from the European Union and
from the European Atomic Energy Community. In accordance with Article 50 of the Treaty
on European Union, the Union shall negotiate with the withdrawing State an agreement
setting out the arrangements for its withdrawal (the Withdrawal Agreement), taking account
of the framework...
03
Dec
1. Ten years since the first G20 Leaders’ Summit we met in Buenos Aires, Argentina, on 30 November1
December 2018 to build consensus for fair and sustainable development through an agenda that is
people-centred, inclusive and forward-looking.
2. This year we have focused on the following pillars: the future of work, infrastructure for
development, a sustainable food future and a gender mainstreaming strategy across the G20 agenda.
3. We have addressed our agenda promoting dialogue and the search for common ground. Building
consensus requires the...
29
Nov
EY today released Geopolitical update: Brexit and US-China relations, which explores how Brexit and the increasing complexity of US-China relations is affecting Chinese enterprises’ overseas investments. Investors from China should pay close attention to the latest policy developments and develop a geostrategy to manage the risks and identify the opportunities amid this growing uncertainty.
Jon Shames, EY Global Geostrategic Business Group Leader, said: “While the world has moved into a new and unsettling geopolitical phase, Chinese businesses and investors cannot focus...
29
Nov
by John Bruton, Former Prime Minister of the Republic of Ireland
The European Commission has produced a paper setting out the preparations that will have to make for a “No Deal “ Brexit, and what would have to done to deal with it. I have extracted some of the interesting quotations from it. It is quite explicit in some respects, but those who say there will be no hard border in Ireland in any circumstances will need to seek further...
29
Nov
Published on 28 November 2018
The results of the Bank of England’s 2018 stress test show the UK banking system is resilient to deep simultaneous recessions in the UK and global economies that are more severe overall than the global financial crisis and that are combined with large falls in asset prices and a separate stress of misconduct costs.
Despite facing loss rates consistent with the global financial crisis, the major UK banks’ aggregate CET1 capital ratio after the stress would...
29
Nov
Thank you, Madame President,
Secretary of State,
Ladies and gentlemen, Members of the European Parliament,
Good morning to each and every one of you and thank you for giving me the opportunity to speak to you on behalf of the European Commission, with an apology on behalf of President Jean-Claude Juncker who is participating in the G20 right now.
Madame President, we are at an important and serious moment, 17 months after the beginning of the negotiation that I am honoured to conduct...