Wed. Sep 27th, 2023



S&Ds on new credit market law and consumer protection

Thanks to the S&Ds, the scope of the proposal has been preserved and it will no longer be possible for creditors to use sensitive data or data collected from social networks when carrying out ‘Creditworthiness assessment obligations’. Our group also managed to prohibit the advertising of credit targeted at over indebted consumers.

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Remarks by EU Council President Michel before the G20 summit in New Delhi

It is the start of India’s G20 Presidency. Prime Minister Modi has asked a question: can the G20 go further? Can we shift our fundamental mindset for the benefit of all humanity? I believe we can.  And that is why we are here, to go beyond the zero-sum mindset, to work towards mutual understanding and to make the world a fairer place for everyone, no matter where they live. So

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UK Export Finance strengthens ties with Japan’s export credit agency NEXI

The UK and Japanese export credit agencies (ECAs) have signed a Memorandum of Understanding (MoU) to support their future collaboration on projects around the world. This will help them as they work together to broker more deals which support exporting businesses. The UK Export Finance (UKEF) and Nippon Export and Investment Insurance (NEXI) MoU sets out revised terms of cooperation which support ambitions for sustainable development outlined in the Hiroshima Accord,

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EU Commission adopts reporting rules on banks’ exposure to shadow banking

The European Commission has today adopted technical standards to be used by credit institutions when reporting their exposures to shadow banking entities, as required by the Capital Requirements Regulation. These standards set out criteria for the identification of shadow banking entities, ensuring the harmonisation and comparability of exposures reported by credit institutions.

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Lithuania: IMF Executive Board Concludes 2023 Article IV Consultation

Lithuania weathered a series of unprecedented external shocks, owing to resilient macroeconomic fundamentals and a decisive policy response. Recently, however, high inflation and rising interest rates have affected disposable incomes which, combined with weak external demand, resulted in an economic contraction in the last quarter of 2022 and early 2023. At the same time, the labor market has remained broadly resilient with high wage growth, albeit negative in real terms,

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Norway’s climate finance doubled four years ahead of deadline

At the UN Climate Change Conference (COP26) in Glasgow in 2021, Norway pledged to double its annual climate finance from NOK 7 billion in 2020 to NOK 14 billion by the end of 2026. This target is part of the broader commitment made by wealthy countries to mobilise USD 100 billion in climate finance annually from 2020.

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