EU Economy and Finance

📢 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐔𝐧𝐢𝐨𝐧: 𝐰𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐰𝐞 𝐰𝐢𝐭𝐡 𝐜𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐞𝐝 𝐭𝐚𝐩𝐞𝐬? The Expert Stakeholder Group set up under the MiFIR Review has finalised its reports providing advice to the European Commission and the European Securities and Markets Authority (ESMA) on transparency for bonds and derivatives, as well as on the data quality required to make the consolidated tapes a success. 🚀 Consolidated tapes are centralised data feeds that bring together the prices and volumes of financial instruments, such as shares and bonds, from hundreds of trading venues across all Member States into a single stream of information, equally accessible for everybody. Read what the expert group recommends here 👇https://europa.eu/!ptPMW3

Thank you to everyone who joined us at the #EUSustainableFinanceDays event in Amsterdam last week! 👀Catch up on the recording to find out about how #InvestEU sustainability guarantee and other EU programmes could support your business or business network ➡️https://lnkd.in/eTtpk9-c All presentations are now available at https://lnkd.in/eDZEpMyk #SustainableFinanceEU #InvestEU #InvestGreenEU #GreenGateway #EIBAdvisory #EENCanHelp European Investment Fund (EIF); EU Business

Read about the next steps on shortening the standard securities settlement cycle in the EU in this joint statement by European Commission, European Securities and Markets Authority (ESMA) and European Central Bank: https://lnkd.in/emnASvQq

EU Bonds are taking over the future! 💶 🚀 On 7 October Commissioner Johannes Hahn was at the Frankfurt Stock Exchange for the “Ring the Bell” ceremony! 🔔 We rang in a new chapter for the EU Bond market: the European Commission launched its Repo Facility! What is the Repo Facility and how does it work? As of 7 October 2024, the EU offers its Primary Dealers the possibility to source specific EU-Bonds on a temporary basis through its EU Repurchase Agreement (Repo) Facility. The facility will support EU Primary Dealers in posting firm and public quotes on EU-Bonds so that investors can be confident in the terms on which they can trade EU-Bonds in the secondary market, hence improving the efficiency and fluidity of the market for EU-Bonds. The creation of the Repo Facility follows in the footsteps of many large issuers who offer this service to their Primary Dealers and is a natural next step in the deepening of the market eco-system for EU-Bonds. With the launch of the scheme, the EU is meeting the last of the commitments made in December 2022 on the capacity-building steps to support the EU-Bond market. The European Commission is a well-established name in debt securities markets, with a strong track record of successful bond issuances – on behalf of the EU - over the past 40 years. In recent years the EU has developed into a large and liquid sovereign-like issuer, becoming the 5th largest issuer in the European capital market. All EU issuances are denominated exclusively in euro and benefit from the high credit rating of the European Union. Our EU-Bonds have earned the unique label “Triple S” because they are: 💶 As Safe as a bond can be: as proved by Triple-A ratings 🌱 Sustainable: as we are raising up to 30% of NextGenerationEU through Green Bonds. The EU is on track to become the world's largest issuer of green bonds 📈 Successful: The investor base for EU-syndicated bonds has grown to more than 1,800 investors across more than 70 countries. Today, we have a sovereign-style approach, and the EU is the fifth-largest issuer of euro-denominated debt Let’s continue the success of our EU-Bonds in the future! Thank you to Eurex Clearing, Deutsche Bundesbank, Deutsche Börse, Joachim Nagel, Erik Müller and all the organisers of the “Ring the Bell” ceremony at the Frankfurt Stock Exchange! 🔔 Learn more about the new Repo Facility here: https://europa.eu/!pfGHJv

The Recovery and Resilience Facility continues to deliver! 🚀 ✨   The European Commission has today adopted its third Annual Report on the Recovery and Resilience Facility (RRF), the heart of the EU's recovery instrument #NextGenerationEU. The report shows that implementation of the Recovery and Resilience Facility is speeding up, fostering continuous reform and investment progress in Member States. Have a look at the key figures below ⬇ ⛓ Read more: https://europa.eu/!Qgvqdb

📢🌐 𝐇𝐚𝐯𝐞 𝐲𝐨𝐮𝐫 𝐬𝐚𝐲: 𝐭𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐄𝐔 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 The Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) has launched today a targeted consultation to assess the effectiveness of the EU securitisation framework, which was introduced in 2019 with the aim to promote an EU securitisation market that finances the economy without creating risks to financial stability. Securitisation can play a crucial role in the development of the capital markets union and the savings and investment union. By freeing up balance sheets, banks and non-bank lenders can increase lending to households and corporates, while also providing another asset for investors to invest in. 📝 This consultation aims to seek feedback from relevant stakeholders on the current EU securitisation framework and identify potential areas for improvement. Have your say by 4 December 👉https://europa.eu/!ddf6rG

Are you a financial firm using AI tools and struggling to access financial data to train your models?  Through the Data Hub on the EU Digital Finance Platform, you can request access to synthetic versions of non-public datasets managed by EU national authorities.  Synthetic data is artificial data reproduced from original data. It is created through a proprietary machine learning algorithm that ingests the original data and produces a brand-new dataset with identical statistical properties. This way, the data can be made available without disclosing confidential information. You can request your own free copy of the data here: https://lnkd.in/dRC8fMvR To validate the process of creating this synthetic data, the Commission’s Joint Research Centre EU Science, Research and Innovation looked into the data synthetisation software. Find out more in their report: https://lnkd.in/eSdtsqhN 

Facilitated through the #InvestEU Advisory Hub, the European Investment Bank (EIB) and the Latvian government expand affordable housing in Latvia to address this much needed investment priority to combat Latvia’s severe shortage in affordable housing. 🏘 The first phase of the project aims to construct up to 2260 affordable rental apartments across country. 💡 Read more: https://lnkd.in/dPsmkEAE

📢 Save the date: Seminar on supporting companies in applying the European Sustainability Reporting Standards (ESRS) 🗓️ 15 November 2024 🕒 08:15 - 17:00 (CET) 📍 Brussels and online The event will bring together experts and practitioners from Member State representations, business and trade associations, companies, consultancies, auditors and other stakeholders.  Building on the Commission’s expert dialogue held on 16 May 2024, the seminar will further explore the key challenges and opportunities for companies as they begin to apply the standards. Speakers will discuss practical ways to support the implementation of the new framework, including digital tools to facilitate reporting. Moreover, the event will address challenges around the audit and assurance of ESRS reports and voluntary reporting by SMEs in the value chain of larger companies.    👉Register until 8 November: #SustainableFinanceEU 

Today, the European Commission presented the interim evaluation of the #InvestEU programme! The report highlights InvestEU’s effectiveness in mobilising private finance in key EU policy priority sectors and responding to emerging investment needs. InvestEU has the potential to be even more impactful if its current offer to the market is increased. The InvestEU programme bridges investment gaps in EU policy priorities through innovative financial products supporting sustainable growth and digitalisation of SMEs, clean industry and affordable housing, therefore contributing to the EU’s long-term competitiveness. 📺 Watch below how companies benefitted already from InvestEU. ⬇️ 🔎 More details: https://europa.eu/!h4px8B