Featured Product

    EC on First 100 Days of President Ursula von der Leyen Commission

    March 09, 2020

    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

     

    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, European Green Deal, Climate Change Risk, Cybersecurity, ESG, Artificial Intelligence, EC

    Related Articles
    News

    FSB Sets Out Effective Practices for Cyber Incident Recovery

    FSB finalized the toolkit of effective practices to assist financial institutions in their cyber incident response and recovery activities.

    October 19, 2020 WebPage Regulatory News
    News

    HKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol

    HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.

    October 16, 2020 WebPage Regulatory News
    News

    FSB Sets Out Roadmap for Transition to Alternative Reference Rates

    FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).

    October 16, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on BRRD2 Transposition

    HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).

    October 15, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on CRD5 Transposition

    HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.

    October 15, 2020 WebPage Regulatory News
    News

    BoE Publishes Reporting Schedule for Statistical Returns

    In a recent statistical notice, BoE announced publication of the reporting schedule for statistical returns for 2021.

    October 15, 2020 WebPage Regulatory News
    News

    EC Welcomes Declaration by Member States on EU Cloud Federation

    EC welcomed the joint declaration by 25 EU member states on building the next generation of cloud in Europe.

    October 15, 2020 WebPage Regulatory News
    News

    MAS Amends Notice on Issuance of Covered Bonds by Banks in Singapore

    MAS published amendments to Notice 648 on the issuance of covered bonds by banks incorporated in Singapore.

    October 15, 2020 WebPage Regulatory News
    News

    FDIC Selects Technology Companies for Rapid Prototyping Competition

    FDIC has selected 14 technology companies—including Accenture Federal Services, LLC, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the next phase of the rapid prototyping competition.

    October 15, 2020 WebPage Regulatory News
    News

    GLEIF Defines New Validation Agent Role for Financial Institutions

    GLEIF announced that financial institutions worldwide can realize a variety of cost, efficiency, and customer experience benefits by assuming a new “validation agent” role within the Global Legal Entity Identifier (LEI) System.

    October 15, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5979