According to Eurostat, the EU’s population grew by 705,756 people last year, and 461,800 of them reside in Spain. Therefore, Spain contributed two out of every three new residents in Europe—whose total population has climbed to 451.9 million (5.6% of the world’s population)—even though the country only accounts for 10.9% of the European population (it is projected to reach 50 million by the end of the year). The Role of…
Read More
Reported by Consejeros Editorial Team The European Securities and Markets Authority (ESMA), the regulatory and supervisory body for the European Union’s financial markets, has published its final report on the regulatory technical standards (RTS) relating to the elements of the admission criteria for central counterparties (CCPs), following the revision of the European Market Infrastructure Regulation (EMIR 3). EMIR 3 introduces amendments to the provisions relating to the requirements for participation…
Read More
Reported by Consejeros Editorial Team To mark the 50th anniversary of the OECD Guidelines for Responsible Business Conduct, the organisation has published a report highlighting the level of corporate commitment to human rights, sustainability and governance in each region of the world. According to this document, of the 10,000 largest listed companies, 69 per cent have made commitments to social, environmental and governance standards, although there are significant differences by…
Read More
Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…
Read More
Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…
Read More
