EUCompliance

Austrian Government Faces Unavoidable EU Budget Reprimand as Deficit Worsens

26 days ago

Austria's government has acknowledged that a reprimand from the European Union regarding its budget is inevitable. The nation has been grappling with a significant increase in its budget deficit, prompting concerns from EU authorities. This scenario unfolds as European leaders intensify their focus on financial stability, pushing member states to adhere strictly to fiscal rules laid out within the EU framework.

Complex ESG Risk Regulations Pose Challenge for Small European Banks, Warns Kukies

2 months ago

Regulatory landscape in Europe surrounding Environmental, Social, and Governance (ESG) risk management is becoming increasingly convoluted, potentially hampering the competitiveness and operations of smaller banks. This assertion comes from a recent commentary by European banking authority executive, Bernd Kukies, who emphasizes that the complexity of these regulations is not only burdensome but may also lead to unintended disparities within the banking sector.