The European economy is on course for a rebound, but ongoing coronavirus concerns mean it needs continued support from the European Central Bank, ECB President Christine Lagarde says. Talk of withdrawing the ECB's emergency asset purchasing is premature, Lagarde says, and the EU must activate its coronavirus recovery fund as soon as possible.
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Climate change could remove $23 trillion from the global economy by 2050, according to a report from Swiss Re. This risk can be managed with "more policy action on carbon pricing coupled with incentivising nature based and carbon-offsetting solutions", the report states.
Deutsche Boerse has decided not to delist Coinbase Global because the former has obtained information necessary for the latter's shares to continue trading on Deutsche Boerse's Frankfurt, Germany, stock exchange and Xetra trading system. Coinbase has supplied the correct legal entity identifier in time to avert a delisting, Deutsche Boerse says.
The Bank of England and the UK Treasury say former Prime Minister David Cameron approached them several times to lobby for loans for Greensill Capital, which has subsequently collapsed. Both institutions have released emails and texts showing the encounters.
US President Joe Biden's administration might order financial regulators to consider climate change risk when overseeing firms and to reverse rules adopted by the administration of former President Donald Trump that discourage sustainable investing. The policy shift puts pressure on US regulators to catch up with European counterparts, which have given increased attention to climate risk.
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The inaugural European Financial Integration Conference, in collaboration with Frankfurt Main Finance, will bring together Europe's most influential policymakers and opinion formers, as well as key members of the regulatory community and business leaders. The programme will examine the impacts of the health-turned-economic crisis on European financial integration and prospects for future development and economic structures of the EU. Our hybrid format will use a state-of-the-art digital platform that offers excellent engagement and networking opportunities for sponsors, attendees and speakers.