ESMA recommends to the European Commission to permanently lower the threshold to notify net short positions on shares to national competent authorities (NCAs) from 0.2% to 0.1%.

ESMA has examined the evidence gathered after its successive emergency decisions, beginning in March 2020, which lowered, for the first time, the notification threshold to 0.1% on a temporary basis. The analysis showed that a substantial amount of additional and essential information became available to NCAs due to the reporting of net short positions at the level of 0.1%. This additional transparency to NCAs of the real level of net short positions established in the market translates into an improved ability by NCAs to conduct market oversight. ESMA therefore considers it essential to lower the reporting threshold to 0.1% on a permanent basis.

EBA has published the findings of its first EU-wide pilot exercise on climate risk.

The exercise main objective is to map banks’ exposures to climate risk and provide an insight into the green estimation efforts banks have carried out so far. The findings give a clear picture of banks’ data gaps and highlight the sense of urgency to remedy them if they are to achieve a meaningful and smooth transition to a low-carbon economy. It is only through a more harmonised approach and common metrics that banks’ efforts will prove meaningful in addressing and mitigating the potentially disruptive impacts of environmental risks. The findings also show big differences in banks’ application of the EU taxonomy. A first estimate of the starting point of their green asset ratio (GAR) currently stands at 7.9%.

Consob has ordered the blackout of 6 new websites that offer financial services/financial products illegally: 4 illegal financial intermediation websites and 2 websites through which an offer of financial products is carried out in the absence of a prospectus.

Tremisa Ltd (website https://abbinvest.com);

Tradixa Ltd (website www.tradixa.net);

E-Planet Trade (website https://eplanetrade.com and page https://trade.eplanetrade.com);

Beradora Ltd (website https://timarkets.com and page https://accounts.timarkets.com);

Bolton Holding Limited and Bolton First Credit Limited (website www.bfclcoin.com);

Niwix Limited (website www.niwix.org).

The number of websites blacked out since July 2019 has thus risen to 452.

(only in Italian)

Il Consiglio dei Ministri, riunitosi giovedì 20 maggio, ha approvato il cd. Decreto Sostegni bis che introduce misure urgenti connesse all’emergenza da COVID-19, per le imprese, il lavoro, i giovani, la salute e i servizi territoriali.

Il decreto interviene con uno stanziamento di circa 40 miliardi di euro, a valere sullo scostamento di bilancio già autorizzato dal Parlamento, al fine di potenziare ed estendere gli strumenti di contrasto alla diffusione del contagio e di contenere l’impatto sociale ed economico delle misure di prevenzione che sono state adottate.

Gli interventi previsti si articolano su 7 principali linee di azione:

  • sostegno alle imprese, all’economia e abbattimento dei costi fissi;
  • accesso al credito e liquidità delle imprese;
  • tutela della salute;
  • lavoro e politiche sociali;
  • sostegno agli enti territoriali;
  • giovani, scuola e ricerca;
  • misure di carattere settoriale.