The EU Commission’s pension package does not address the core problem of the poor quality of European pension products, consumer advocates complain. The Commission’s arguments are based on feedback from the financial sector and is putting its hopes on greater competition.
By János Allenbach-Ammann
China’s central bank has opted not to ease monetary policy. It left the one-year benchmark lending rate unchanged at 3.0 percent on Thursday. After weak economic data, pressure had been mounting on the government to step up support for the economy.
By Julia Fiedler
The President of the Eurogroup will be taking up a post at the World Bank and has therefore resigned from political offer with immediate effect. The Cypriot Finance Minister Makis Keravnos has taken over on an interim basis.
By János Allenbach-Ammann
On Wednesday, the Commission will decide on its pension package. As two drafts show, it wants to reduce the requirements for pan-European pension products and adapt the directive on occupational pensions.
By János Allenbach-Ammann
Vice Chancellor Lars Klingbeil is signaling a deliberate return to calm and collaboration during his inaugural visit to China.
By Amelie Richter
The EU Commission’s market integration package is intended to bundle a series of politically controversial standardization and centralization projects. This should increase the likelihood of progress being made.
By János Allenbach-Ammann
Crypto fraudster Qian Zhimin has been sentenced to more than 11 years in prison in the UK. She had sold fictitious financial assets and bought Bitcoins with the proceeds. A legal dispute is now looming over compensation for the victims of the fraud.
By Leonardo Pape
A potential merger of Mapletree and CapitaLand could create one of the largest real estate groups in the Asia-Pacific region. The move would be part of Temasek’s strategy to bundle its holdings into more globally competitive groups.
By Yi Ling Pan
Rapporteur Seekatz believes the proposal is too complex to simply wave through. There is room for improvement, particularly for SMEs and leasing.
By János Allenbach-Ammann
Their short-term focus makes financial markets blind to the climate crisis. But too little is happening to change this. Together with more than 50 organizations from around the world, Finanzwende e. V. is calling on the supervisory authorities to finally address climate risks decisively.
By Daniel Mittler and Magdalena Senn
