Scholz’s proposal to complete EU banking union greeted with cautious optimism 

By |november 7th, 2019|Banking union, EDIS, European Deposit Insurance Scheme, News, Olaf Scholz|

European decision makers welcomed on Wednesday (6 November) German finance minister Olaf Scholz’s attempt to unlock the European Deposit Insurance Scheme (EDIS) proposal, but warned of the long process still ahead to reach an agreement.

Komentarji so izklopljeni za Scholz’s proposal to complete EU banking union greeted with cautious optimism 

EU lawmakers agree on a backstop for non-performing loans

By |december 18th, 2018|Austrian EU Presidency, Banking union, EMU, European Parliament, News, non-performing loans, Valdis Dombrovskis|

European banks will have to foresee a "prudential backstop" to cover for potential non-performing loans (NPLs), the European Parliament and the Council agreed on Tuesday (18 December).

Komentarji so izklopljeni za EU lawmakers agree on a backstop for non-performing loans

Europe speeds up plans for no-deal scenario as Brexit chaos grows

By |december 12th, 2018|Banking union, Brexit, Economic and Monetary union, European Council, Eurozone, MFF, News, Theresa May, UK|

EU leaders will discuss late on Thursday (13 December) how to address the UK's concerns about its withdrawal agreement from the EU, but discussions on contingency plans are gathering pace as the chances of an orderly divorce continue to wane.

Komentarji so izklopljeni za Europe speeds up plans for no-deal scenario as Brexit chaos grows

EU reaches limited agreement to bolster economic and monetary union 

By |december 4th, 2018|Banking union, Ecofin, Eurogroup, European Deposit Insurance Scheme, European Stability Mechanism (ESM), eurozone budget, Hanseatic League, News|

EU finance ministers concluded a deal on Tuesday (4 December) to bolster the region with new tools to save ailing banks and member states but postponed Europe-wide instruments to protect depositors or stabilise national economies.

Komentarji so izklopljeni za EU reaches limited agreement to bolster economic and monetary union 

ECB to assess six Bulgarian banks as step towards Banking Union membership

By |november 13th, 2018|Banking union, Bulgaria, ECB, ERM-2, Eurozone, News|

European Central Bank (ECB) will conduct a comprehensive assessment of six Bulgarian banks as part of the Balkan country's bid to join the European Union's banking union, Bulgaria's central bank said on Monday (12 November).

Komentarji so izklopljeni za ECB to assess six Bulgarian banks as step towards Banking Union membership

Greek banks’ foul play suspected in Bulgaria

By |november 8th, 2018|Banking union, Bulgaria, corruption, Greek bailout, Greek crisis, News|

A Greek bank bought the Bulgarian subsidiary of another Greek bank on Wednesday (7 November). The deal seems totally at odds with the terms of Greece’s bailout deal, but not only that.

Komentarji so izklopljeni za Greek banks’ foul play suspected in Bulgaria

Italy’s ‘unprecedented’ breach of fiscal rules clouds euro summit

By |oktober 18th, 2018|Banking union, budget, Capital Markets Union, ESM, Eurozone, Giuseppe Conte, Italy, News, stability and growth pact|

Euro-area leaders agreed on Thursday (18 October) to accelerate the work to bolster the monetary union as the European Commission questioned half a dozen member states’ efforts to balance their public accounts, particularly Italy.

Komentarji so izklopljeni za Italy’s ‘unprecedented’ breach of fiscal rules clouds euro summit

EU authorities defend Popular’s resolution despite thousands of complaints

By |oktober 15th, 2018|backstop, Banco Popular, Banking union, Elke König, News, Single Resolution Board, Valdis Dombrovskis|

Banco Popular intervention was a success story although more than 12,000 of the Spanish bank's shareholders requested to be heard in the complaint process, the European Commission and the Single Resolution Board (SRB) said on Monday (15 October).

Komentarji so izklopljeni za EU authorities defend Popular’s resolution despite thousands of complaints

Estonia admits over €1 trillion were laundered in the country in 2008-2017

By |oktober 4th, 2018|banking regulation, Banking union, Danske Bank, Estonia, money laundering, News|

Banks doing business in Estonia, which has been at the centre of a money-laundering scandal involving Danske Bank, handled more than $1 trillion in cross-border flows between 2008 and 2017, according to the country's central bank.

Komentarji so izklopljeni za Estonia admits over €1 trillion were laundered in the country in 2008-2017

Money launderers are taking EU to the cleaners, experts say

By |oktober 1st, 2018|banking regulation, Banking union, Cyprus, Danske Bank, Latvia, money laundering, News, Panama Papers, Pilatus Bank, Russia|

EU nations may boast the world's most stringent anti-money laundering rules, but recent scandals show that criminals are good at exploiting the bloc's Achilles' heel: a patent lack of coordination.

Komentarji so izklopljeni za Money launderers are taking EU to the cleaners, experts say