Adam

New European Scientific Advisory Board on Climate Change appointed

The members of the new European Scientific Advisory Board on Climate Change have been designated today, making the new independent advisory body ready to provide the European Union (EU) with scientific knowledge, expertise and advice relating to climate change. The Advisory Board’s work will underpin the EU’s climate action and efforts to reach climate neutrality […]

ECB takes decisions related to RCB Bank phasing out its banking operations

ECB approves Cyprus’ RCB Bank’s sale of part of its loan portfolio to Hellenic Bank ECB restricts RCB’s business: it cannot take new deposits, grant new loans, or make new investments ECB appoints temporary administrator to work with current management and closely monitor bank’s liquidity and capital RCB Bank’s voluntary phasing out of banking operations […]

ECB announces timeline to gradually phase out temporary pandemic collateral easing measures

Pandemic collateral easing measures introduced in April 2020 will be gradually phased out in three steps between July 2022 and March 2024 Step-wise phasing out of measures will gradually restore Eurosystem’s pre-pandemic risk tolerance and avoid collateral availability cliff effects ECB will continue to waive minimum credit quality requirement for GGBs, allowing NCBs to accept […]