Adam

Monetary developments in the euro area: January 2020

Annual growth rate of broad monetary aggregate M3 increased to 5.2% in January 2020 from 4.9% in December 2019 (revised from 5.0%) Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 7.9% in January, compared with 8.0% in December Annual growth rate of adjusted loans to households […]

EUIPO must give a fresh decision on the application made by Constantin Film for registration of the sign Fack Ju Göhte as an EU trade mark

EUIPO and the General Court, which both found that the sign is contrary to accepted principles of morality, failed to take sufficient account of the fact that the title of a comedic film does not appear to have been perceived as morally unacceptable by the German-speaking public at large

Greece is ordered to pay a lump sum of 3.5 million euros for having been slow in implementing EU law on the protection of waters against pollution caused by nitrates from agricultural sources

The Court found for the first time that Greece had failed to fulfil its obligations in a judgment of 2015

ESRB publishes report on macroprudential policy for the insurance sector

The European Systemic Risk Board (ESRB) has today published a report on macroprudential policy for the insurance sector. In line with its strategy for expanding macroprudential policy beyond banking, the ESRB believes that the review of the Solvency II regulatory regime for insurance in the EU, which is envisaged to be completed by the end […]

EU-UK relations: Council gives go-ahead for talks to start and adopts negotiating directives

The Council yesterday adopted a decision authorising the opening of negotiations for a new partnership with the UK, and formally nominating the Commission as EU negotiator. The Council also adopted negotiating directives which constitute a mandate to the Commission for the negotiations.

Report on the macroprudential implications of Level 2 and 3 financial instruments for accounting purposes To: Sándor Nagy Report on the macroprudential implications of Level 2 and 3 financial instruments for accounting purposes

The European Systemic Risk Board has today published a report on the macroprudential implications of financial instruments that are measured at fair value and classified as Level 2 and Level 3 instruments for accounting purposes.[1] Supervisory data from the European Banking Authority show that EU banks[2] had fair value financial assets totalling €7,279 billion on their […]