EC released a statement on the first 100 days of President Ursula von der Leyen Commission. Within its first 100 days, this EC focused on delivering its most important priorities set in the President's political guidelines. EC remains committed to driving the work on the twin transition, toward a green and digital Europe. EC also published the remarks by President Ursula von der Leyen at the press conference on the first 100 days of her mandate.
As early as day 11, EC presented a European Green Deal, a roadmap to stop climate change, cut pollution, and protect biodiversity. The European Green Deal is the new growth strategy. It also presented a European Green Deal Investment Plan, which should generate EUR 1 trillion of investments to support a green and modern EU economy. Resolution of the European Committee of the Regions with respect to the Green Deal in partnership with local and regional authorities has also been published in the Official Journal of European Union. The statement highlights the next steps toward a green Europe.
Additionally, the EC strategy for shaping the digital future of Europe covers everything from cybersecurity to digital education, from platforms to super-computing. It aims to help everyone seize the opportunities brought by technological change, within safe and ethical boundaries. It sets the path for developing cutting-edge yet trustworthy artificial intelligence in the EU, with proposals to come by the end of the year. It also lays out a Data Strategy to tap fully into the potential of data, for the benefit of people and businesses. The next steps toward a digital Europe include the following:
- A Digital Services Act, by the end of the year, to bring clearer responsibilities and modernized rules for online platforms
- New rules on artificial intelligence that respect human safety and rights
- A common standard for online digital identity for people and businesses
- New rules on cybersecurity of critical infrastructure and services
- Press Release
- Remarks by President von der Leyen
- Resolution of the European Committee of the Regions
Keywords: Europe, EU, Banking, Insurance, Securities, European Green Deal, Climate Change Risk, Cybersecurity, ESG, Artificial Intelligence, EC
Dr. Denton provides industry leadership in the quantification of sustainability issues, climate risk, trade credit and emerging lending risks. His deep foundations in market and credit risk provide critical perspectives on how climate/sustainability risks can be measured, communicated and used to drive commercial opportunities, policy, strategy, and compliance. He supports corporate clients and financial institutions in leveraging Moody’s tools and capabilities to improve decision-making and compliance capabilities, with particular focus on the energy, agriculture and physical commodities industries.
Previous ArticleEC Issues Green Taxonomy Report, Green Bond Standard Usability Guide
Next ArticleESMA Publishes Supervisory Work Program for 2020
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.