European Parliament

Notice to Kindred Group plc AGM

Retrieved on: 
Friday, March 22, 2024
Remuneration, Financial statement, KPMG, Chair, Documentation, PwC, FDJ, Exercise, Committee, Date, European Parliament, White, Proxy, Telephone, Euroclear, Knowledge, AGM, Kindred, Kindred Group, Audit committee, White & Case, GBP, Bank statement, Commission, SDR, Council, Annual report, European, BankID, CVS, Nasdaq Stockholm, Companies Act, Report, Audit

SLIEMA, Malta , March 20, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.

Key Points: 
  • SLIEMA, Malta , March 20, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.
  • Holders of SDRs who wish to exercise their voting right at the AGM must:
    (ii) no later than Friday 19 April 2024 23:59 CET either register their intention to attend the AGM, or exercise their voting rights, by following the link https://anmalan.vpc.se/euroclearproxy , and clicking through to Kindred Group, and logging in with BankID.
  • It is proposed that the AGM conducts the following business:
    Standards for the year ended 31 December 2023, together with
    the Report of the Auditors.
  • CVs for the current Directors are to be found on pages 60-62 in the Kindred Group plc Annual Report for 2023 and on the Company's website.

Navigating "Green Claims" Regulatory Change with Lenzing

Retrieved on: 
Thursday, March 21, 2024
Climate change, European Parliament, Lenzing AG, EU Ecolabel, Service, European, Textile industry, Directive

LENZING, Austria, March 21, 2024 /PRNewswire/ -- Due to increasing concerns around climate change, consumers are constantly seeking ways to contribute positively.

Key Points: 
  • LENZING, Austria, March 21, 2024 /PRNewswire/ -- Due to increasing concerns around climate change, consumers are constantly seeking ways to contribute positively.
  • Lenzing Group, a leading global producer of wood-based specialty fibers, is committed to working with the textile value chain to navigate through the changing regulatory landscape and supporting consumers to make informed choices.
  • AT/016/001) in 2002, Lenzing continues to focus on enhancing its impact on the value chain, driving systematic change and advancing circularity.
  • Given the evolving consumer needs and regulatory landscapes, Harold underscored the importance for companies like Lenzing to stay abreast of changes and consumer behaviors.

Navigating "Green Claims" Regulatory Change with Lenzing

Retrieved on: 
Thursday, March 21, 2024
Climate change, European Parliament, Lenzing AG, EU Ecolabel, Service, European, Textile industry, Directive

LENZING, Austria, March 21, 2024 /PRNewswire/ -- Due to increasing concerns around climate change, consumers are constantly seeking ways to contribute positively.

Key Points: 
  • LENZING, Austria, March 21, 2024 /PRNewswire/ -- Due to increasing concerns around climate change, consumers are constantly seeking ways to contribute positively.
  • Lenzing Group, a leading global producer of wood-based specialty fibers, is committed to working with the textile value chain to navigate through the changing regulatory landscape and supporting consumers to make informed choices.
  • AT/016/001) in 2002, Lenzing continues to focus on enhancing its impact on the value chain, driving systematic change and advancing circularity.
  • Given the evolving consumer needs and regulatory landscapes, Harold underscored the importance for companies like Lenzing to stay abreast of changes and consumer behaviors.

Angeion Group Welcomes Maria José Azar-Baud as Global Collective Actions Expert

Retrieved on: 
Wednesday, March 13, 2024
Comparative law, European Parliament, Associate, Research, Paris-Saclay University, Assas, University, Sorbonne University, Doctor of Philosophy, European, Consumer protection, University of Paris, Management

PHILADELPHIA, March 13, 2024 /PRNewswire/ -- Angeion Group, a global provider of settlement administration and legal noticing services, proudly announces the appointment of Maria José Azar-Baud as Global Collective Actions Expert.

Key Points: 
  • PHILADELPHIA, March 13, 2024 /PRNewswire/ -- Angeion Group, a global provider of settlement administration and legal noticing services, proudly announces the appointment of Maria José Azar-Baud as Global Collective Actions Expert.
  • Maria José Azar-Baud, born in Argentina, brings a distinguished background to her role as Global Collective Actions Expert at Angeion Group.
  • Throughout her career, Maria José has authored over 80 contributions in multiple languages, focusing on class actions, collective actions, and group actions across various legal domains.
  • "We are thrilled to welcome Maria José Azar-Baud to Angeion Group as our Global Collective Actions Expert.

Media Alert: IBM Applauds EU Parliament's Approval of the EU AI Act

Retrieved on: 
Wednesday, March 13, 2024
IBM, Act, European Parliament, European, Legislation, AI, Medical device

BRUSSELS, March 13, 2024 /PRNewswire/ -- IBM (NYSE: IBM ) applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union.

Key Points: 
  • BRUSSELS, March 13, 2024 /PRNewswire/ -- IBM (NYSE: IBM ) applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union.
  • The EU AI Act provides a much-needed framework for ensuring transparency, accountability, and human oversight in developing and deploying AI technologies.
  • While important work must be done to ensure the Act is successfully implemented, IBM believes the regulation will foster trust and confidence in AI systems while promoting innovation and competitiveness.
  • "IBM stands ready to lend our technology and expertise – including our watsonx.governance product – to help our clients and other stakeholders comply with the EU AI Act and upcoming legislation worldwide so we can all unlock the incredible potential of responsible AI."

Media Alert: IBM Applauds EU Parliament's Approval of the EU AI Act

Retrieved on: 
Wednesday, March 13, 2024
IBM, Act, European Parliament, European, Legislation, AI, Medical device

BRUSSELS, March 13, 2024 /PRNewswire/ -- IBM (NYSE: IBM ) applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union.

Key Points: 
  • BRUSSELS, March 13, 2024 /PRNewswire/ -- IBM (NYSE: IBM ) applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union.
  • The EU AI Act provides a much-needed framework for ensuring transparency, accountability, and human oversight in developing and deploying AI technologies.
  • While important work must be done to ensure the Act is successfully implemented, IBM believes the regulation will foster trust and confidence in AI systems while promoting innovation and competitiveness.
  • "IBM stands ready to lend our technology and expertise – including our watsonx.governance product – to help our clients and other stakeholders comply with the EU AI Act and upcoming legislation worldwide so we can all unlock the incredible potential of responsible AI."

Complementary cost-benefit assessment of the Integrated Reporting Framework - Additional analytical value and operational aspects

Retrieved on: 
Friday, April 5, 2024
Pillar, Reproduction, NACE, European Banking Authority, Exercise, A3, Integration, Frankfurt, OJ, Climate, Carbon, Statistics, Chart, Council, European, Prudential, BIRD, Legislation, Annex, PDF, ITS, ECB, Risk, ESCB, CRR, Scenario, A5, A10, Section 4, IRB, A4, EBA, Content, CRM, Climate change, A9, Section 3, A6, A1, Classification, CBA, Publication, Feedback, Section 2, European Central Bank, Element, NCBS, INSPIRE, Central bank, European Parliament, WDS, Section 1, Record, Instrument, Data collection, Analysis, Capital Requirements Regulation 2013, Data, AnaCredit, Collection, Risk management
Key Points: 

    Complementary cost-benefit assessment on the Integrated Reporting Framework - Closer alignment with FINREP solo

    Retrieved on: 
    Friday, April 5, 2024
    Reproduction, The, European Banking Authority, Level, Exercise, Integration, Frankfurt, OJ, Sale, Council, Prudential, BIRD, PDF, ITS, ECB, Chapter Three, International, ESCB, CRR, Feasibility study, Data collection, A5, Collection, Financial instrument, Person, A4, EBA, Content, Part, Classification, Chapter Four, Commission, CBA, Publication, Chapter Five, Chapter Six, Fair value, European Central Bank, NCBS, Central bank, Chapter Two, European Parliament, Analysis, Capital Requirements Regulation 2013, Data, BAD, AnaCredit, Risk management

    Complementary cost-benefit assessment on the Integrated Reporting Framework ?

    Key Points: 
      • Complementary cost-benefit assessment on the Integrated Reporting Framework ?
        Executive summary

        2

        towards closer alignment of the two frameworks, rather than implementing all
        changes at once.

      • Complementary cost-benefit assessment on the Integrated Reporting Framework ?
        Executive summary

        3

        1

        Introduction
        The complementary IReF cost-benefit assessment (CBA) followed an earlier
        consultation on an initial CBA that was launched in 2020.

      • The report summarises the feedback received from the banking industry on the
        possible closer alignment of the IReF with FINREP solo.
      • Complementary cost-benefit assessment on the Integrated Reporting Framework ?
        Introduction

        4

        2

        General question on closer alignment
        with FINREP solo
        Closer alignment between the IReF and FINREP solo could allow more substantial
        use of the IReF dataset for supervisory purposes, with the potential benefit of
        reducing ad hoc requests to reporting agents due to a more analytical and stable
        dataset.

      • The ECB legal framework for collecting FINREP solo information (Regulation (EU)
        2015/34)4 currently sets up four different levels of reporting for proportionality
        measures:
        ?

        FINREP data points;

        ?

        over-simplified FINREP;

        ?

        simplified FINREP;

        ?

        full FINREP.

      • Closer alignment does not mean that data
        under the IReF will be collected from reporting agents at the level of the legal entity
        in its entirety.
      • Complementary cost-benefit assessment on the Integrated Reporting Framework ? General
        question on closer alignment with FINREP solo

        5

        Chart 2.1
        General assessment on closer alignment between the IReF and FINREP solo

        Notes: The percentages are calculated for each driver as the simple average of the corresponding frequencies across euro area
        countries.

      • See Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of
        the IReF Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results
        are calculated.
      • Members also raised the point that IReF
        information required for closer alignment with FINREP solo would only be collected
        from institutions that are currently subject to FINREP solo reporting.
      • The open text comments that were received in the complementary CBA show that
        different approaches to reporting at the level of the reporting agent may result in
        different expectations regarding closer alignment.
      • There
        were also several comments regarding the frequency and timeliness of the reporting
        of attributes needed for closer alignment with FINREP.
      • Many comments questioned which accounting standards will underpin IReF
        reporting, as those applicable to statistical reporting are often different from those
        relating to FINREP solo reporting.
      • Complementary cost-benefit assessment on the Integrated Reporting Framework ? General
        question on closer alignment with FINREP solo

        7

        3

        Extensions related to concepts already
        available in the IReF baseline scenario
        The IReF baseline scenario includes several accounting concepts that only apply to
        specific financial instruments.

      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • See
        Annex B of the report ?Complementary cost-benefit assessment of the Integrated Reporting Framework ? Extension of the IReF
        Regulation to cover country-specific requirements? published on the ECB?s website for information on how national results are
        calculated.
      • Complementary cost-benefit assessment on the Integrated Reporting Framework ? Annex A
        Results by type and size of respondent

        57

        ? European Central Bank, 2024
        Postal address
        Telephone
        Website

        60640 Frankfurt am Main, Germany
        +49 69 1344 0
        www.ecb.europa.eu

        All rights reserved.

    The Eurosystem Integrated Reporting Framework ‒ an overview

    Retrieved on: 
    Friday, April 5, 2024
    Reproduction, MIR, Finance, Regulation (European Union), Integration, SHS, Frankfurt, Single Resolution Board, OJ, BIS, Statistics, Council, EBF, Prudential, BSI, Section, SRB, Concert, ECB, ESCB, Committee, CRR, Policy, Background, Feasibility study, Dictionary, International Monetary Fund, Confidentiality, Language, Data management, EBA, Congressional pension, Credit, CBA, Metadata, European Central Bank, NCBS, European Banking Federation, Central bank, European Parliament, Bank, Section 1, IMF, Data collection, Analysis, Aggregation, Capital Requirements Regulation 2013, Growth, Data, Collection, AnaCredit, Cryptocurrency

    The Eurosystem Integrated

    Key Points: 
      • The Eurosystem Integrated
        Reporting Framework ? an overview
        1

        Background
        European Union (EU) banks face a whole range of data reporting obligations,
        including for statistical, resolution and prudential information.

      • Existing ECB statistical regulations specify the information that must be reported, but
        not how the actual reporting process is to be carried out.
      • The Eurosystem Integrated Reporting Framework ? an overview

        1

        submitted by reporting agents to NCBs.

      • This arrangement dates back to when the ECB was set up in 1998 and was justified
        at the time, as it meant that statistical reporting could be founded on well-established
        national reporting frameworks.
      • Figure 1
        Current Eurosystem approach to collecting statistical information from banks

        Banks

        NCBs

        ECB

        Transformations by banks

        Transformations by NCBs
        Country A

        BSI & MIR

        Integrated approach
        ?

        SHS

        Country B

        Operational
        systems

        Monetary data

        b.o.p., i.i.p &
        sector accounts

        Credit register
        Sector accounts

        AnaCredit
        b.o.p.

      • Under the new paradigm, cross-border banks could unify the
        technical specifications of their reporting for all their European entities.
      • 2

        The scope of the IReF
        The IReF seeks to integrate existing ESCB statistical data requirements for banks as
        far as possible into a single, standardised reporting framework applicable across the
        euro area.

      • The feasibility of aligning the IReF
        more closely with the Financial Reporting (FINREP) requirements applicable at solo
        level11 is also being assessed.
      • Some NCBs have
        developed an integrated reporting framework for investment funds (covering both
        MMFs and non-MMFs).
      • The Eurosystem reviewed the results of the CBA to identify optimal features for
        banks, the Eurosystem and its users.
      • This time frame will give reporting agents and the Eurosystem enough lead time to
        prepare the legal and technical framework without unduly delaying the expected
        reduction in the reporting burden.
      • 16

        See ?On a Feasibility Study of an Integrated Reporting System under Article 430c CRR?, EBA, 2021;
        and ?The EBA?s feasibility study on integrated reporting system provides a long-term vision for
        increasing efficiencies and reducing reporting costs?, EBA, December 2021.

      • The Eurosystem is already cooperating closely with the banking industry to optimise
        reporting and reduce the overall reporting burden via the Banks? Integrated Reporting
        Dictionary (BIRD).19 BIRD offers a redundancy-free source (i.e.
      • The IReF describes statistical requirements in a redundancy-free layer
        and will represent future statistical reporting obligations issued by the ECB and
        applicable to Eurosystem banks.
      • Data quality should increase and costs decrease, as the BIRD input layer would
        provide a comprehensive and flexible tool to support data reporting.

    Press release - Legal migration: MEPs endorse beefed-up single residence and work permit rules

    Retrieved on: 
    Wednesday, April 3, 2024
    European Parliament, Unemployment, Single, S&D, Council, Legislation, Health insurance

    Legal migration: MEPs endorse beefed-up single residence and work permit rules

    Key Points: 
    • Legal migration: MEPs endorse beefed-up single residence and work permit rules
      - Decision on applications must be made in maximum 90 days
      - Permit holder can apply from within the EU territory and change employer
      - Unemployment possible up to six months without having permit withdrawn
      The European Parliament backed today more effective EU rules for combined work and residence permits for third-country nationals.
    • Faster decisions on applications
      In negotiations, MEPs succeeded in setting a 90-day limit for a decision to be taken on applications for a single permit, compared to the current four months.
    • Procedures on especially complex files might get a 30-day extension and the time to deliver a visa, if necessary, is not included.
    • Change of employer
      Under the new rules, single permit holders will have the right to change employer, occupation and work sector.