Search Results for: European Union (EU)
European swap clearing to start in June 2016
December 3rd, 2015
Firms will have to centrally clear certain classes of interest rate swaps starting from 21 June 2016. The clearing obligation in the Europe Union (EU) will enter into force following the publication of the relevant technical standards in the ...
Business registrations and bankruptcies in the EU
August 27th, 2021
This post presents data on the number of new business registrations and the number of bankruptcy declarations in the European Union (EU) and in the euro area (EA) until the second quarter of 2021. The data is based on ...
ESMA: Retail clients continue to lose out due to high investment products costs
April 15th, 2021
The European Securities and Markets Authority (ESMA), the EU securities regulator, published its third annual statistical report on the cost and performance of European Union (EU) retail investment products. In the report ESMA finds that the costs of investing ...
The pound pushed higher on Monday
March 29th, 2021
The pound pushed higher on Monday as the UK’s vaccine rollout programme steamed ahead and the economy started to reopen under prime minister Boris Johnson’s roadmap out of lockdown. Sterling was 0.4% up against the dollar at €1.3844 and ...
Value of GDPR fines shows dramatic increase in 2020
February 3rd, 2021
European Union (EU) regulators have imposed General Data Protection Regulation (GDPR) fines of €272.5m (£242.6m/$330.5m) to date, €158.5m of them since 28 January 2020, in a sign that regulators are getting tougher on data privacy infringements as the regulation ...
Brexit: Financial market participants whose activity might be impacted
December 29th, 2020
The European Securities and Markets Authority (ESMA) remind stakeholders to be aware and prepared for changes that will occur from 1 January 2021. On 29 March 2017, the United Kingdom (UK) notified the European Council of its intention to ...
Pound climbs as UK business secretary talks Brexit trade deal ‘progress’
November 19th, 2020
The pound has continued to make a steady climb against the US dollar on Wednesday, after the UK business secretary Alok Sharma provided updates on the nation’s “progress” on sealing a Brexit trade deal with the European Union (EU). ...
Impact of COVID-19 on household consumption and savings
November 11th, 2020
In the second quarter of 2020, the EU household saving rate recorded its highest year-over-year increase since the time series began at +10.8 percentage points (pp). The main reason behind this was a marked 17.3% year-on-year decline in household ...
Coronavirus may drive change in precarious employment
May 12th, 2020
In 2019, 2.3% of employees in the European Union (EU) aged 20-64 had a precarious job, meaning that their work contract did not exceed three months’ duration. The share of precarious employment, as a percentage of total employment, has ...
ESMA recommends action by financial market participants for Covid-19 impact
March 16th, 2020
The European Securities and Markets Authority (ESMA), together with National Competent Authorities (NCAs), is closely monitoring the situation in view of the continuing impact of the COVID-19 outbreak on financial markets in the European Union (EU). Following a Board ...
