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International regulators provide guiding principles for COVID-19 clinical trials

EMA has endorsed a joint statement on prioritisation of COVID-19 clinical trials published by the International Coalition of Medicines Regulatory Authorities (ICMRA). Medicines regulators from around the world have jointly developed this statement to step up global collaboration to facilitate and expedite the development and evaluation of therapeutics, diagnostics and vaccines against COVID-19. “As the […]

ECB launches public consultation on its supervisory approach to consolidation

  ECB to clarify use of supervisory tools to facilitate sustainable consolidation projects Capital requirements will not hinder sustainable integration plans Badwill generally recognised and used preferably to increase resilience Consolidation can help banks achieve economies of scale and address new challenges ECB invites comments by 1 October 2020 The European Central Bank (ECB) today […]

EU inspectors to check consumer products for hazardous substances

Inspectors will check that the products comply with restrictionsfor selected hazardous substances under REACH. The controls will also check whether products comply with restrictions for the presence of persistent organic pollutants defined under the POPs Regulation. Specific substances to be covered by these checks will be decided in 2021 and could potentially include for example […]

Consolidated financial statement of the Eurosystem as at 26 June 2020

In the week ending 26 June 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 13 billion to EUR 338.2 billion, owing mainly to a reduction in US dollar liquidity-providing operations. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions […]

Euro money market statistics: third maintenance period 2020

Daily average borrowing turnover in the unsecured segment decreased from €152 billion in the second maintenance period of 2020 to €145 billion in the third maintenance period of 2020 Weighted average overnight rate on borrowing transactions in the unsecured segment decreased from -0.50% to -0.51% for the wholesale sector, and decreased from -0.53% to -0.54% […]

Meeting highlights from the Committee for Medicinal Products for Human Use (CHMP) 22-25 June 2020

Eight new medicines recommended for approval EMA’s human medicines committee (CHMP) recommended eight medicines for approval at its June 2020 meeting. The Committee recommended granting a conditional marketing authorisation for Veklury (remdesivir), for the treatment of COVID-19 in adults and adolescents from 12 years of age with pneumonia who require supplemental oxygen. Remdesivir is the […]