Finance

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

European Spreadsheet Risks conference (Paris, from 02 July 2009, 00:00 CET to 03 July 2009, 00:00 CET) —

The European Spreadsheet Risks Interest Group (EuSpRIG) is holding its 2009 conference "The Role of Spreadsheets in Organisational Excellence" on the 2nd - 3rd July 2009 at the Ecole Normale Supérieure de Cachan, Paris, France.

Solvency II: One step closer toward a stronger European insurance industry — 17 June 2009, 13:31 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

CEA argues for full renewal of the Insurance BER — 03 June 2009, 00:15 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

Financial Supervision - briefing — 28 May 2009, 23:51 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

CEA welcomes EC Communication on supervisory architecture — 27 May 2009, 23:53 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

Annual Activity Report of the European Court of Auditors 2008 — 07 May 2009, 19:10 CET

The Annual Activity Report provides an annual review of the European Court of Auditors's activities, the resources used and what has been achieved. It was produced for the first time in 2008. For the Court 2008 was marked by a significant number of key achievements and important developments in EU financial management. Among them was the ‘International peer review of the European Court of Auditors’, which concluded positively on the suitability of the Court’s audit management framework and on the independence and objectivity of its work.

Solvency II regulation will enhance policyholder protection — 05 May 2009, 17:04 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

Spring forecasts 2009-2010 — 04 May 2009, 23:33 CET

The Commission issued on 4 May its spring economic forecast. In short, the EU economy is in the midst of its deepest and most widespread recession in the post-war era, but it is set to stabilise in 2010 as the ambitious measures taken by governments and central banks in these exceptional circumstances are expected to put a floor under the fall in economic activity this year and enable a recovery next year.

Communication on packaged retail investment products (PRIPs) - briefing — 29 April 2009, 23:52 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

Recommendation on directors' remuneration - briefing — 29 April 2009, 23:48 CET

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Recommendation on remuneration in financial services sector - briefing — 29 April 2009, 23:38 CET

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Directive on Alternative Investment Fund Managers (AIFMs) - briefing — 29 April 2009, 23:32 CET

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E-money and cross-border payments - briefing — 27 April 2009, 00:07 CET

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CEA responds to EC consultation on financial services supervision — 15 April 2009, 23:13 CET

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An interchange-free Europe: yes we can! — 07 April 2009, 19:56 CET

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EUR 866m European Investment Bank loans for cleaner cars - briefing — 07 April 2009, 19:05 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

Conference on Financial Institutions and Economic Security (London, from 21 May 2009, 00:00 CET to 22 May 2009, 00:00 CET) —

A conference on financial institutions and economic security is scheduled on 21 and 22 May in London, United Kingdom.

Quarterly report on the euro area: Special report on competiveness divergence within the euro area — 01 April 2009, 00:26 CET

The present Quarterly report on the euro area provides a comprehensive review of developments in price competitiveness since the launch of the euro. Competitiveness imbalances have built up within the euro area, increasing the exposure of some Member States to the financial turmoil. While the economic crisis is projected to lead to some adjustment in external imbalances, re-balancing competitiveness within the euro area requires a better use of fiscal policies, more flexible product and labour markets, including increased competition in the services sector, to increase productivity and lower prices to the benefit of employment.

Solvency II — 26 March 2009, 22:46 CET

The solvency margin is the amount of regulatory capital an insurance undertaking is obliged to hold against unforeseen events. Solvency margin requirements have been in place since the 1970s and it was acknowledged in the EU's third generation Insurance Directives adopted in the 1990s that the EU solvency rules should be reviewed. The Directives required the European Commission to conduct a review of the solvency requirements and following this review, a limited reform was agreed by the European Parliament and the Council in 2002. This reform is known as Solvency I. Solvency II: it became clear during the Solvency I process that a more fundamental and wider ranging review of the overall financial position of an insurance undertaking was required. Looking at the overall financial position of an insurance undertaking and taking into account current developments in insurance, risk management, finance techniques, international financial reporting and prudential standards, etc.

CEA welcomes informal agreement on Solvency II Framework Directive — 26 March 2009, 18:54 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

CEA welcomes EC support for renewal of elements of the Insurance BER — 25 March 2009, 12:30 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.

Commission proposal on major burden reduction for micro entities — 26 February 2009, 17:09 CET

The European Commission on 26 February put forward a new proposal which would allow EU Member States to completely abolish financial reporting obligations for the EU's smallest companies - Accounting in the Single Market website

Financial Reporting: burden reduction for micro-entities - briefing — 26 February 2009, 17:09 CET

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Treatment of Toxic Assets in the European Community Banking Sector - briefing — 26 February 2009, 17:01 CET

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Accounting rules and micro entities - when simplification becomes complication — 26 February 2009, 14:20 CET

Latest news, background information and web links about Economic and Monetary Affairs policies in the European Union.