PRAC starts review of meningioma risk with cyproterone medicines EMA’s safety committee (PRAC) has started a review of medicines containing cyproterone, which are used for treating a range of conditions, including excessive hair growth, prostate cancer and acne, as well as in hormone replacement therapy.
Working group proposes €STR plus a fixed spread of 8.5 basis points as the EONIA fallback rate Working group recommends, whenever feasible and appropriate, no longer entering into new contracts referencing EONIA as from 2 October 2019 In existing contracts referencing EONIA and maturing after December 2021, market participants should replace EONIA as a primary […]
The European Systemic Risk Board (ESRB) has today published the EU Non-bank Financial Intermediation Risk Monitor 2019 (NBFI Monitor, previously called the Shadow Banking Monitor), which covers data up to end-2018. This is the fourth issue in an annual series that contributes to the monitoring of a part of the financial system that has grown in recent […]
Comprehensive assessment required following relocation to euro area Stress test and asset quality review conducted The exercise did not reveal any capital shortfall The European Central Bank (ECB) today published the results of a comprehensive assessment for Nordea Bank Abp (Nordea), which has consented to their disclosure. Nordea was required to undergo the assessment following the relocation […]
Today the European Asylum Support Office (EASO) and the European Border and Coast Guard Agency (Frontex), strengthened their cooperation in their respective work on asylum, border control and migration management.
European Union (EU) Member States have made only mixed progress in reducing emissions of the most harmful air pollutants, according to updated data published today by the European Environment Agency (EEA). The data is from the annual EU emission inventory report sent to the UNECE Convention on Long-range Transboundary Air Pollution (LRTAP). Image © Brent […]
Annual growth rate of broad monetary aggregate M3 decreased to 4.5% in June 2019 from 4.8% in May Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 7.2% in June, unchanged from previous month Annual growth rate of adjusted loans to households stood at 3.3% in June, unchanged from previous month Annual […]
The composite cost-of-borrowing indicator for new loans to corporations remained broadly unchanged at 1.55% in June 2019. The composite cost-of-borrowing indicator for new loans to households for house purchase decreased by 5 basis points from the previous month to 1.67% in June 2019, driven by the interest rate effect. In the same month, the euro […]
Credit terms eased for almost all counterparties between March and May 2019 The maximum amount of funding collateralised with euro-denominated securities declined, especially where government and covered bonds were used as collateral Demand for funding continued to decline across all types of collateral In both the securities financing market and the OTC derivatives market, credit […]
Governing Council has no objection to proposed candidate Christine Lagarde The Governing Council of the European Central Bank (ECB) today adopted an opinion on the recommendation from the Council of the European Union on the appointment of the future ECB President. The Governing Council has no objection to the proposed candidate, Christine Lagarde, who is […]