The EU’s top court, the European Court of Justice (ECJ), warned last Friday that the bloc’s legal order could unravel if national courts started to question the primacy of EU law and ECJ decisions. […] After the German Constitutional Court’s ruling on the European Central Bank diverged from an earlier ECJ decision, the ECJ warned, in an
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BlackRock, one of the world’s largest investors in banks and fossil fuel companies, has been hired by the EU to work on potential new environmental rules for banks. Campaigners raised concerns about potential conflicts of interest, given BlackRock’s widespread financial interests in sectors that could be directly impacted by new environmental rules. […] Katrin Ganswindt,
Depuis quelques jours, le gouvernement parle ouvertement de nationaliser éventuellement des entreprises afin d’assurer leur pérennité. La F2iC juge cette démarche particulièrement malvenue et ce pour deux raisons: En quoi une nationalisation va-t-ellepermettre la survie d’une entreprise? L’argent utilisé par l’Etat pour racheter les actions ne sera pas injecté dans les opérations. De plus, l’Etat
POLITICO reports that on 10 April EU finance ministers approved the “terms of reference” in which they pledge “to raise the subjects of carbon and energy taxes” in the various international meetings that will take place over the course of next week with the aim of building a coordinated response to the corona crisis. Rather
BETTER FINANCE supports the appeal from EFES, the European Federation of Employee Share Ownership, to all European governments & institutions to urgently consider the benefits of Employee Share Ownership (ESO) in countering the inevitable fallout from the fiscal measures employed to combat the Covid-19 crisis. BETTER FINANCE signed the EFES appeal below: Employee Share Ownership
There is still a significant impact on investment returns for retail investors due to costs that are on average 40% higher than for institutional investors, Europe’s financial watchdog says. The costs paid by retail investors are “significantly higher” than those paid by institutional investors, leading to lower net returns, said Steven Maijoor, chair of the
Since its founding in the 1950s, the European club has by definition been a post-national project, or “supranational” in Brussels civil-servant jargon. Member states pledged to entwine their destinies in mutual solidarity. They even agreed to gradually surrender their national sovereignty for a shared identity in a United States of Europe. That’s the meaning of
As the COVID-19 virus continues to spread around the world and emergency confinement measures have disrupted markets, bankers on both sides of the Atlantic have called for a relaxation of accounting standards introduced in the wake of the Great Financial Crisis, known as “expected credit loss provisioning”. These calls, like much bank lobbying attempting to influence capital regulation,
Last Wednesday, the European Central Bank (ECB) announced a 750 billion asset-purchase programme in response to the coronavirus outbreak, causing a boost of the euro against the dollar and the pound. This new temporary asset purchase programme of private and public sector securities counters the serious risks to the monetary policy transmission mechanism and the offset