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The European Investment Bank (EIB) is providing €80 million to the PÜSPÖK Group to build six agrivoltaic farms in Burgenland, Austria. This innovative project is being financed together with Erste Bank of the Austrian group of savings banks (Sparkassen). Erste Bank is providing a loan of €43 million, of which €28 million will be refinanced by the EIB.
The European Investment Bank (EIB) Group and Norwegian DNB Bank ASA are joining forces in a groundbreaking financing initiative, marking 50 years since the EIB’s first investment in Norway.
Speech by High Representative/Vice-president Josep Borrell at the University of Jordan
European Commission Speech Brussels, 20 Nov 2024 Dear participants of the Civil Society Summit,
I am pleased to address you today.
Let me first thank all partners for their continuous efforts to build a safe, ...
The European Investment Bank (EIB) and Iberdrola have signed a loan of €500 million within the framework of the Regional Resilience Fund to develop and expand smart electricity grids, facilitating renewable energy integration and industry connection.
The European Investment Bank (EIB) will advise five major Croatian cities – Zagreb, Rijeka, Split, Osijek and Varaždin – on expanding social and affordable homes to meet growing demand from residents. Under an advisory agreement with the five cities, the EIB will lend its expertise to them in tackling challenges including a need to increase housing for socially vulnerable and low-income people.
The Joint Guidelines aim to ensure consistent and effective supervisory practices within the European System of Financial Supervision (ESFS) and facilitate information exchange between supervisors.
European Commission Speech Brussels, 20 Nov 2024 President Cordeiro,Mayors and Representatives of Europe's regions and cities,
For 30 years now, you have built Europe.
And today, we celebrate not only the achi...
The European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) publish Joint Guidelines on the system for the exchange of information relevant to fit and proper assessments
20 November 2024
Investor protection
Joint Committee
To enhance the information exchange between supervisory authorities within the European Union, also across different parts of the financial sector, the ESAs have developed an ESAs F&P Information System. The Joint Guidelines clarify its use and how data can be exchanged.
The Joint Guidelines aim to ensure consistent and effective supervisory practices within the European System of Financial Supervision (ESFS) and facilitate information exchange between supervisors.
These Joint Guidelines apply to competent authorities within the ESFS and focus on two main areas:
use of the F&P Information System
information exchange and cooperation between the competent authorities when conducting fitness and propriety assessments.
Background
Fitness and propriety assessments of board members, key function holders and owners of qualifying holdings are key to contributing to the safe and sound management of financial institutions and are, therefore, fundamental to ensuring consumer and investor protection and trust in the EU financial sectors. They are a key supervisory tool for conducting ongoing supervision of the authorisation and governance processes of financial institutions and financial market participants.
Further information:
Sarah Edwards
Senior Communications Officerpress@esma.europa.eu
20/11/2024
JC 2024 88
Final Report on the Joint Guidelines on the system for the exchange of information relevant to fit and proper assessments
The European Investment Bank (EIB) Group is providing Croatian lender Privredna Banka Zagreb (PBZ), part of the Intesa Sanpaolo Group, support of as much as €169 million to expand financing for a range of companies in the country, seeking to bolster business sustainability and competitiveness.