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Tag Archives: EU

European Parliament’s Committee on Economic and Monetary Affairs Publishes Fintech Report

By Andrew Moyle, Fiona Maclean, Christian McDermott, Andrea Stout and Stuart Davis On April 28th, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a report about Fintech and the influence of technology on the future of the financial sector. The report, prepared by Cora van Nieuwenhuizen, was adopted by ECON with 45 votes in … Continue Reading

Update: Stricter EU Environmental Performance Standards to Apply to Large Combustion Plants by 2021

By Jörn Kassow and Patrick Braasch Emissions from approximately 2,900 large combustion plants in the EU, including coal-fired power stations as well as peat, oil and gas power plants, are now likely to be subject to stricter environmental performance standards. These updated standards (“Best Available Techniques Conclusions for Large Combustion Plants” – BREF LCP), based on … Continue Reading

Wind Power Overtakes Coal in Europe

By Paul Davies and Rosa Espin Last year, 86 % of the 24.5 GW of new generating capacity installed in the EU came from renewable energy sources, specifically from wind, solar, biomass and hydro, breaking the previous record of 79% in 2014. This new water mark makes clear that the EU is seeking to cut … Continue Reading

Theresa May’s 12 Brexit Principles – and What They Mean for Financial Services

By Rob Moulton Theresa May’s speech on Brexit covered many of the topics that were central to the Brexit referendum debate. Immigration, the European Court of Justice, and Parliamentary sovereignty all had starring roles.  But, for once, serious comments were made on a topic that has so far been subject to little comment from government … Continue Reading

World Bank Negative Pledge and Project Financings

By Utku Kirklar One of the main functions of the World Bank, a financial institution mandated with fostering the reconstruction and development of sovereign nations after the Second World War, is to extend loans to the governments (and government-owned entities) of such sovereign nations. Acting through the International Bank for Reconstruction and Development (IBRD) and … Continue Reading

European Commission Publishes the New Winter Package

By Antonio Morales and Leticia Sitges  Last month, the European Commission presented a package of measures, known as “the Winter Package”, to strengthen the EU’s competitiveness in adopting and leading the clean energy transition. In addition to promoting energy efficiency, the clean energy transition will continue to offer a wide range of investment opportunities. During 2015, … Continue Reading

EU Workplace Pensions Now Required to Incorporate ESG Issues

By Paul Davies and Michael Green A new pensions directive was passed by the European Parliament on 24 November securing 512 votes (only 77 votes against and 40 abstentions), requiring EU workplace pension funds to consider environmental, social and governance (ESG) issues. This is considered a ‘landmark’ moment for responsible investment. The new pensions directive … Continue Reading

EU to Fast-Track 2030 Climate and Energy Policy Post-COP 21

By Paul Davies and Alice Gunn The Paris Agreement, adopted by 195 countries following the 21st session of the Conference of Parties (COP 21), is the first multilateral agreement on climate change that covers almost all of the world’s emissions. The Paris Agreement will be open for signature from 22 April 2016 and will enter … Continue Reading
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