Article Four

EBA publishes final technical standards on the identification of a group of connected clients

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Monday, January 16, 2023
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21 December 2022

Key Points: 
  • 21 December 2022
    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the identification of a group of connected clients (GCC) under the Capital Requirements Regulation (CRR).
  • These draft RTS, in conjunction with the EBA Guidelines on connected clients, provide the complete framework for the identification of two or more natural or legal persons who are so closely linked by idiosyncratic risk factors, that it is prudent to treat as a single risk.
  • The main basis for the development of the draft RTS has been the existing the EBA Guidelines on connected clients under Article 4 paragraph 1 number 39 of the CRR (EBA/GL/2017/15).
  • The draft RTS also ensure a greater alignment to LEX Basel Standards, and in conjunction with the EBA Guidelines provide the complete framework for the identification of group of connected clients.

REPORT on the proposal for a directive of the European Parliament and of the Council on the initial qualification and periodic training of drivers of certain road vehicles for the carriage of goods or passengers (codification) - A9-0267/2022

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Thursday, November 10, 2022
Article Four, European Parliament Committee on Legal Affairs, Treaty, European, JURI, Parliament, CPC, Article, Rules of Procedure of the European Parliament, European Economic Community, Date, Codification, Commission, Treaty on the Functioning of the European Union, COD, European Economic and Social Committee, EC, Article 14, Reading, COM, European Parliament, Private law, Committee, PPE, S&D, Taxicab, Animal, Financial services, Management, Personal protective equipment, Medical device, Risk management, Audit, Platinum, Whaling, Internet service provider, Palladium, Mobile phone operator, Dressmaker, Council

Adopts its position at first reading, taking over the Commission proposal as adapted to the recommendations of the Consultative Working Party of the legal services of the European Parliament, the Council and the Commission;

Key Points: 
  • Adopts its position at first reading, taking over the Commission proposal as adapted to the recommendations of the Consultative Working Party of the legal services of the European Parliament, the Council and the Commission;
    2.
  • Instructs its President to forward its position to the Council, the Commission and the national parliaments.
  • The examination of the proposal for a Directive of the European Parliament and of the Council codifying Directive 2003/59/EC of the European Parliament and of the Council of 15 July 2003 on the initial qualification and periodic training of drivers of certain road vehicles for the carriage of goods or passengers resulted in the Consultative Working Party's establishing, by common accord, as follows.
  • 1.
  • In the first sentence of recital 11, the word 'or' should be replaced by the word 'and'.
  • 2.
  • The reference box preceding the first subparagraph of Article 14 should not have contained the indication '2003/59/EC (adapted)', since that Article consists of a standard wording introduced for codification purposes.
  • In consequence, examination of the proposal has enabled the Consultative Working Party to conclude, without dissent, that the proposal is a straightforward codification of existing texts, without any change in their substance.

MoF welcomes the IMF Staff's Statement on Article IV Consultation with the Kingdom in 2022.

Retrieved on: 
Wednesday, August 17, 2022
Prognosis, Policy, Investment, GDP, REAL, IMF, Excellency, Vision 2030, Employment, Research, Workforce, Private sector, Article Four, Government, Saudi Vision 2030, COVID-19, Renewable energy, Kingdom

RIYADH, Saudi Arabia, Aug. 17, 2022 /PRNewswire/ -- IMF staff lauded the Kingdom's economic and financial condition in their final statement made at the end of their visit about Article IV consultation with the Kingdom in 2022.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 17, 2022 /PRNewswire/ -- IMF staff lauded the Kingdom's economic and financial condition in their final statement made at the end of their visit about Article IV consultation with the Kingdom in 2022.
  • IMF staff also expected that public finances would outperform budget forecasts in 2022, and that the debt-to-GDP ratio would decline.
  • It is noteworthy that an initial statement was issued by the IMF mission following the conclusion of Article IV consultation with the Kingdom of Saudi Arabia in 2022, which took place during April 2022.
  • This final statement confirms the preliminary findings of the previous statement.

MoF welcomes the IMF Staff's Statement on Article IV Consultation with the Kingdom in 2022.

Retrieved on: 
Wednesday, August 17, 2022
Prognosis, Policy, Investment, GDP, REAL, IMF, Excellency, Vision 2030, Employment, Research, Workforce, Private sector, Article Four, Government, Saudi Vision 2030, COVID-19, Renewable energy, Kingdom

RIYADH, Saudi Arabia, Aug. 17, 2022 /PRNewswire/ -- IMF staff lauded the Kingdom's economic and financial condition in their final statement made at the end of their visit about Article IV consultation with the Kingdom in 2022.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 17, 2022 /PRNewswire/ -- IMF staff lauded the Kingdom's economic and financial condition in their final statement made at the end of their visit about Article IV consultation with the Kingdom in 2022.
  • IMF staff also expected that public finances would outperform budget forecasts in 2022, and that the debt-to-GDP ratio would decline.
  • It is noteworthy that an initial statement was issued by the IMF mission following the conclusion of Article IV consultation with the Kingdom of Saudi Arabia in 2022, which took place during April 2022.
  • This final statement confirms the preliminary findings of the previous statement.