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Transatlantic News
Transatlantic News
26
May
The College today held an Orientation Debate to prepare the Reflection Paper on the future of European Defence by 2025, which is due to be adopted on 7 June. The Paper will open up discussions on how to better use the existing opportunities under the EU Treaties to create improve the security of our citizens. Defence and security is a field that is a top priority for European Union citizens.
A stronger Europe when it comes to security and defence...
25
May
The European System of Central Banks (ESCB) welcomes the publication of the Foreign Exchange Global Code of Conduct (Code) and related adherence mechanisms material. This is a significant global initiative to promote a robust, fair, liquid, open and transparent foreign exchange (FX) market underpinned by high ethical standards which benefits all wholesale FX market participants. Well-functioning financial markets are important to central banks in ensuring a smooth transmission of monetary policy to the real economy, from which all citizens...
24
May
• Repricing risks in fixed income markets remain significant
• Market pressure on euro area banks has receded amid persisting structural vulnerabilities
• Continued political uncertainty and potentially higher bond yields could trigger renewed debt sustainability concerns
• Brexit not expected to pose significant financial stability risk to euro area
Systemic stress indicators for the euro area have remained low over the past six months, according to the latest Financial Stability Review of the European Central Bank. The risk of a rapid repricing...
24
May
On May 22, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the Financial System Stability Assessment of Bulgaria.
Bulgaria’s financial system has been resilient to shocks in recent years, though it was shaken in 2014 by the collapse of the system’s fourth largest bank due to fraud and insider abuse. The failure raised questions about the viability of other banks, some of which experienced deposit outflows, and raised concerns about the supervision by...
24
May
The data protection reform package which entered into force in May 2016 and will be applicable as of May 2018 includes the General Data Protection Regulation ("Regulation") and the Data Protection Directive for the police and criminal justice sector.
The reform is an essential step to strengthening citizens' fundamental rights in the digital age and facilitating business by simplifying rules for companies in the Digital Single Market.
What will change under the General Data Protection Regulation?
The Regulation updates and modernises the...
23
May
Commission sets out economic policy guidance and calls on Member States to pursue structural reforms, boost investment and strengthen public finances.
The European Commission has set out its economic policy guidance to Member States for the next 12-18 months, in its 2017 country-specific recommendations (CSRs).
The economy in the EU and the euro area is proving resilient, but challenges continue. The Commission wants Member States to strengthen the fundamentals of their economies by implementing the common economic and social priorities of...
22
May
Ladies and gentlemen,
From the day the UK decided to leave, the EU has gone through an intense preparatory process.
We are ready and well-prepared:
• We have a clear mandate supported by all 27 Member States.
• We have a solid resolution from the European Parliament.
• We have excellent working relations between all EU institutions.
• We have a negotiation team. All structures are in place.
The new Brexit Council working group will meet tomorrow already. In the course of the next few days...
22
May
The 27 member states of the European Union today adopted the negotiating mandate of Michel Barnier and his team, giving him the green light to open discussions on the UK's withdrawal from the EU and EU Institutions.
"The EU-27 formally adopts the Brexit negotiating directives, appoints the Commission as negotiator and authorizes the opening of negotiations," the EU's Maltese EU Presidency said on the social network.
The mandate given by the member states is "firm and clear", welcomed the EU's deputy...
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