EU Newsletter

EU Newsletter · 19. November 2020
The European Banking Authority (EBA) published on 18th November 2020 its Report on the benchmarking of national loan enforcement frameworks across EU Member States, in response to the EU Commission’s call for advice. The Report introduces for the first time a set of benchmarks for…

EU Newsletter · 13. November 2020
The European Data Protection Board welcomes comments on the Recommendations 01/2020 on measures that supplement transfer tools to ensure compliance with the EU level of protection of personal data.

EU Newsletter · 12. November 2020
On November 6, 2020, the DG Grow H1 unit of the European Commission organised a webinar on Late Payments. One of the major aims of this webinar was to help the Commission to assess the scope and data needs for setting up an EU observatory on Late Payments.

EU Newsletter · 27. October 2020
MEPs approved on October 21 two separate “legislative initiative” reports calling on the Commission to address and tackle current shortcomings in the online environment in its Digital Services Act (DSA) package, due to be presented in December. The first report on the digital Services Act: Improving the future of the Internal Market is available…

EU Newsletter · 01. October 2020
EIB Group securitisation will enable Commerzbank to lend up to €500 million to small and mid-sized businesses in Germany in response to COVID-19 The operation is backed by an EFSI guarantee under the Investment Plan for Europe

EU Newsletter · 29. September 2020
Based on broad public consultations and the Digital finance outreach, the European Commission adopted on 24 September 2020 a digital finance package, including a digital finance strategy and legislative proposals on crypto-assets and digital resilience, for a competitive EU financial sector that gives consumers access to innovative financial products, while ensuring consumer protection and financial stability. The package supports the EU’s ambition for a recovery that embraces the digital...

EU Newsletter · 18. September 2020
The EU has unveiled a public consultation on the review of the Consumer Credit Agreements which runs until October 6, 2020 and had been put under the limelight by the Covic-19 pandemic. Though focused on consumer credit, the consultation aims to consult credit providers, credit intermediaries and credit registers, industry associations, businesses that produce and sell consumer products (goods and services), distributors and importers, repair sector, large online platforms and other online...

EU Newsletter · 09. September 2020
European Commission Executive Vice President Valdis Dombrovskis will be the EU's new trade commissioner and Mairead McGuinness will be the new Irish commissioner with responsibility for financial services, Commission President Ursula von der Leyen announced on September 8, 2020. Dombrovsksis, who has served as acting trade commissioner since the resignation of Phil Hogan last month, will relinquish some of the current responsibilities in his broad economic portfolio. Mrs McGuinness has served...

EU Newsletter · 22. July 2020
The European Banking Authority (EBA) published on 21 July a list of the public guarantee schemes issued in response to the COVID-19 pandemic. This publication, which complements the information included in the EBA Report on the implementation of selected COVID-19 policies, aims at providing transparency to the public on the existence of public guarantees, as well as responding to the European Commission’s request for a stock-take of such guarantees. This list provides an overview of the 47...
EU Newsletter · 16. July 2020
The European Commission has welcomed a list of ‘best practices' agreed by the financial sector, and consumer and business organisations, to help further mitigate the impact of the coronavirus pandemic. It sets out concretely how different market participants can support citizens and businesses throughout the crisis. These ‘best practices' cover several issues, including: Payment moratoria for consumer and business loans, and for insurance contributions: these measures can help those facing...

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