Funds

UK pension funds back next phase of post-Brexit City shake up

Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a…

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Spain defends use of EU aid as transparent after MEP’s doubts

Spain defended its management of billions of euros of European pandemic recovery funds as transparent, rejecting allegations of opacity by the chair of the European Parliament's budget control committee who…

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ESG funds see first drop in a decade after bruising year

Investors pulled more money from funds marketed as "sustainable" than they added for the first time in more than a decade in 2022, hit by fallout from the Ukraine war,…

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Hungary to submit new laws to unlock EU funds next week -PM aide

BUDAPEST, Sept 17 (Reuters) - Hungary's government will submit new laws to parliament next week to end a stand-off with the European Commission and unlock access to European Union funds, Prime Minister…

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ESMA finds room for improvement in funds’ liquidity stress testing

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has carried out a supervisory engagement with investment funds together with National Competent Authorities (NCAs). The exercise focused…

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Malta’s recovery and resilience plan approved by ECOFIN

Malta’s Recovery and Resilience Plan has been approved by the EU Council of Ministers for Economic and Financial Affairs, known as ECOFIN. This step will be followed by the signing…

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UK-EU trade deal would avoid years of acrimony, says funds industry

A trade deal between Britain and the European Union would help open the door to cross-border financial services from January and avoid years of acrimony, industry officials said on Monday. Financial services are not…

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Malta: Government launches employment refund scheme for Gozo

The Ministry for Gozo launched the one time employment refund scheme through which employers can get a refund of their employee’s wages. The scheme applies for those companies which have…

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EU leaders struggle with ‘mission impossible’ at deadlocked recovery summit

EU leaders stood at an impasse on Monday after three days of haggling over a plan to revive economies throttled by the COVID-19 pandemic, but the chairman of their near-record-length summit urged them…

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OLAF started looking into allegations being explored by murdered Bulgarian journalist last month

The EU’s anti-fraud agency last month began looking into allegations of misuse of EU funds in Bulgaria, the same issue being explored by a journalist who was killed at the…

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