Latest news from EU institutions and bodies

The Council and the European Parliament reached a provisional agreement on a proposal to make EU rules on financial benchmarks easier and less burdensome for EU companies, in particular SMEs, that manage benchmarks.

Press briefing ahead of the EU-Western Balkans summit and the European Council meeting of 18-19 December 2024.

Signature is first Linked Risk Sharing agreement in Denmark, aimed at increasing risk appetite among banks and improving access to finance for Danish businesses.  

Spokespersons for Parliament and for the political groups will hold a briefing on the 16 - 19 December plenary session on Friday at 11.00, in Parliament’s Anna Politkovskaya press room. Source : © European Union, 2024 - EP

The Prime Minister of the United Kingdom Keir Starmer and the President of the European Council António Costa met today in London.

ESMA consults on open-ended loan originating alternative investment funds 12 December 2024 Fund Management The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a consultation paper on draft regulatory technical standards on open-ended loan originating AIFs under the revised Alternative Investment Fund Managers Directive (AIFMD). The consultation aims to receive feedback on the draft RTS that set out the requirements with which loan-originating Alternative Investment Funds (AIFs) shall comply to maintain an open-ended structure. AIFMD review has introduced some harmonised rules on loan originating funds. The goal of these rules is to provide a common implementing framework for AIFMs and NCAs by determining the elements and factors that AIFMs need to consider when making the demonstration to their NCAs that the loan originated AIFs they manage can be open-ended. According to the revised AIFMD, loan-originating AIFs shall be closed-ended unless their manager can demonstrate to its home national competent authority (NCA) that their liquidity risk management system is compatible with their investment strategy and redemption policy.  Next steps ESMA will receive responses to this consultation until 12 March 2025 and intends to finalise the draft RTS by Q3/Q4 2025.   Further information:   Cristina Bonillo  Senior Communications Officer  press@esma.europa.eu   12/12/2024 ESMA34-1985693317-1085 Consultation Paper on the draft regulatory technical standards on open-ended loan-originating AIFs under the AIFMD Consultation on the draft regulatory technical standards on open-ended loan-originating AIFs under the AIFMD

The Council has reached an agreement with the European Parliament on a new law that seeks to improve collection of labour market statistics on businesses at EU level.

The Council approves conclusions on future priorities for strengthening the joint counterterrorism efforts of the European Union and its member states.