European Commission has published a proposal establishing the 2030 Policy Programme “Path to the Digital Decade”
The “Path to the Digital Decade” aims to ensure that the European Union achieves its objectives and targets towards a digital transformation of our society and economy in line with the EU´s values, reinforcing our digital leadership and promoting human centred, inclusive and sustainable digital policies empowering citizens and businesses. The objective is to deliver the EU’s digital transformation in line with this vision by establishing a clear, structured and collaborative process to achieve such result.
To this end, the “Path to the Digital Decade” sets out the concrete digital targets which the Union as a whole is expected to achieve by the end of the decade, as first delineated in the Digital Compass Communication. It then sets out a novel form of governance with Member States, through a mechanism of annual cooperation between the Unions institutions and the Member States to ensure that the Union jointly achieves its ambition. The digital targets for 2030 are based on four cardinal points: digital skills, digital infrastructures, digitalisation of businesses and of public services.
The International Swaps and Derivatives Association (ISDA) and eight other trade associations representing the broadest group of market participants have sent a letter to the European Commission, requesting to extend the equivalence decision for UK CCPs and central securities depositories.
On the Official Journal of the European Union of 17 September 2021 has been published the Delegated Regulation (EU) 2021/1527 supplementing Directive 2014/59/EU (BRRD) with regard to regulatory technical standards (RTS) for the contractual recognition of write down and conversion powers.
EIB strengthens global development focus and backs new financing for energy, transport, COVID vaccines and business investment
The Board of Directors of the European Investment Bank (EIB) today approved plans to strengthen its global development engagement. It also approved EUR 4.8 billion of new financing for 24 projects to support climate action, COVID vaccines and economic resilience, sustainable transport and education.
– EUR 2.2 billion for clean energy, energy efficient housing and climate action
– EUR 647 million COVID vaccines, health and education
– EUR 752 million for sustainable transport
– EUR 500 million for private sector investment and COVID economic resilience
ISDA published a report on the ISDA-Clarus RFR Adoption Indicator
ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 17.5% in August compared to 14.1% the prior month. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD comprised 13.3% of total IRD in August compared to 12.3% the prior month.