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ECB launches public consultation on its guide to assess how banks calculate counterparty credit risk

ECB publishes guide to assessment methodology for counterparty credit risk for consultation Document outlines how ECB intends to assess whether counterparty credit risk models comply with regulation Consultation period ends on midnight CET on 18 March 2020

Euro area bank interest rate statistics: December 2019

The composite cost-of-borrowing indicator for new loans to corporations[1] showed no change at 1.55% in December 2019. The composite cost-of-borrowing indicator for new loans to households for house purchase[2] decreased by 6 basis points to 1.41% in December 2019, driven by the interest rate effect. In the same month, the euro area composite interest rate for new deposits with agreed […]

First oral GLP-1 treatment for type 2 diabetes

EMA’s human medicines committee (CHMP) has recommended granting a marketing authorization in the European Union (EU) for Rybelsus (semaglutide) for the treatment of adults with insufficiently controlled type 2 diabetes to improve glycaemic control as an adjunct to diet and exercise. It is the first glucagon-like peptide (GLP-1) receptor agonist treatment – a class of […]

ECB to stress test 35 euro area banks as part of the 2020 EU-wide stress test led by EBA

ECB to stress test significant banks from ten euro area countries as part of EBA exercise Participant banks cover about 70% of banking sector assets in euro area ECB to conduct in parallel own stress test for those significant banks not included in EBA exercise

Walking, cycling and public transport in cities remain greener mobility options than electric scooters or car ride-hailing

The growing use of electric scooters and ride-hailing services is transforming how we move in urban centres — but walking, cycling and public transport remain the best way to improve sustainable mobility in cities, according to a European Environment Agency (EEA) report published today.

Categorisation of antibiotics used in animals promotes responsible use to protect public and animal health

Veterinarians are encouraged to check and consider EMA’s updated scientific advice on the categorisation of antibiotics when prescribing these medicines for animals in their care. This categorisation can also be used as a tool for the preparation of treatment guidelines.

Italy should have ensured that its public authorities complied, in their commercial transactions with private undertakings, with periods for payment not exceeding 30 or 60 days

In the judgment in Commission v Italy (Directive combating late payment) (C-122/18), delivered on 28 January 2020, the Grand Chamber of the Court held that Italy had infringed Directive 2011/7 on combating late payment in commercial transactions1, in that that Member State had not ensured that its public authorities, when they were debtors in such […]