Banking union

16-01-2018

EU auditors blame ECB for not providing evidence

EU auditors censured the European Central Bank on Tuesday (16 January) for refusing to provide “important evidence” needed to assess its key role in the supervision of Europe’s largest banks.

Economy & Jobs 12-01-2018

Turning the page on the eurozone crisis: Economy and Finance in 2018

On the tenth anniversary of the financial crisis, the European Union will definitively turn the page on the worst economic crisis in its history with the closure of the Greek rescue programme and the last excessive deficit procedures, while adopting the biggest overhaul of its financial sector in years.

Economy & Jobs 15-12-2017

Macron convinces Merkel to hold key debate on future of euro in March

Amid the political paralysis in Germany, EU leaders decided on Friday (15 December) to postpone for March a “strategic political discussion” on the future of the eurozone and adopt a 'reform roadmap' in June.

Economic governance 07-11-2017

EU finance chiefs thrash out post-Brexit future

European Union finance ministers wrangled yesterday (6 November) over differences in plans to reform the euro common currency in the wake of last year's shock Brexit vote.

Future EU 06-11-2017

Britain frozen out as EU finance chiefs plot future

European Union finance ministers meet without Britain in Brussels on Monday (6 November) to try to iron out their differences on plans to reform the euro in the wake of the shock Brexit vote.

Sustainable finance requires a change in incentives

Hurricane Harvey’s trail of carnage through Houston, the oil capital of the US, was a stark reminder of the effect that climate change can have on our economy, writes Peter Blom.

Economy & Jobs 30-10-2017

Eurozone needs to push on with banking, bailout reforms – Slovak finance minister

Slovak Finance Minister Peter Kazimir said on Saturday (28 October) the eurozone should speed up completion of a banking union and revamping a bailout fund as the window for reform is closing.

Economic governance 25-10-2017

Economy, finance take centre stage in Commission’s final legislative push

Initiatives to strengthen the financial markets and deepen the economic and monetary union will play a major role in the European Commission’s work programme for 2018, the final one before the legislative machine slows down in the run-up to European elections in 2019.

12-10-2017

EU weakens plan on bank protection, risks ECB clash on bad loans

The European Commission proposed yesterday (11 October) watered-down measures to help guard European Union banks against future crises, after two years of fruitless talks among the 28 EU states on more ambitious plans.

11-07-2017

Europe to improve disclosure of ‘bad loans’ for all banks

European authorities will prepare by the end of next year enhanced disclosure requirements on bad loans to all banks as part of an action plan to tackle the risk of non-performing loans (NPL).

Economy & Jobs 29-06-2017

Basel III reform ‘unlikely’ by G20 meeting

EU and industry officials say it is “unlikely” that Europe and the US will agree on new rules to strengthen the banking sector by the time of the G20 meeting in Hamburg on 7-8 July.

27-06-2017

Liquidation of Italian banks shows limits of banking resolution rules

The European Commission's approval of a €17 billion aid package for an orderly wind-down of Italy's Veneto Banca and Banca Popolare di Vicenza, has sparked doubts about the strict application of banking resolution rules.