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The Technical Support Instrument will help EU countries prepare the recovery plans needed to access funding from the Recovery and Resilience Facility.

On Tuesday evening MEPs adopted provisions to ensure EU financial markets remain stable after they stop using the London Interbank Offered Rate (LIBOR).

Economic and Monetary Affairs Committee MEPs agreed on common EU standards regulating the transfer of bad loans from banks to secondary buyers while protecting borrowers’ rights.

On Friday, Parliament’s negotiators agreed with Council on the instrument designed to help EU countries tackle the effects and consequences of the COVID-19 pandemic.

The Technical Support Instrument will assist EU countries to prepare their recovery and resilience plans, required to access funding from the Recovery and Resilience Facility.

Irene Tinagli, Chair of the ECON Committee, on behalf of Coordinators of political groups, invited leading women from the EU economic and financial sector to share their experience.

Economic and Monetary Affairs Committee negotiators struck a deal so that EU companies can attract a diverse range of funding and support the post-COVID-19 recovery.

MEPs adopted a resolution setting out changes to be made to the system used to draw up the EU list of tax havens, which they deem is currently “confusing and ineffective”.

Packaged loans converted into securities will free bank balance sheets of non-performing exposures and promote lending to the real economy, which is vital to economic recovery.

Big tech companies were on the minds of most MEPs on Thursday when they quizzed European Commission Executive Vice President Margrethe Vestager in her capacity as competition policy chief.