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To meet the newest criteria to possess European union accession from the competition plan community, these requirements must be satisfied. Inside 2020, the brand new Percentage continued to keep track of candidate nations’ and prospective individuals’ conformity with their commitments underneath the Stabilisation and you may Organization plans. In the 2020, the fresh Percentage as well as continued overseeing the newest utilization of the group acquis within the neighbouring regions, in which the brand new European union features finished deep and you can full free trade agreements.
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By assisting banking companies in order to securitise and move non-performing fund from other balance sheets, the newest scheme is a vital component of Italy’s way to tackle financial institutions’ asset-high quality troubles. Ranging from February 2016 and you can March 2021, the fresh scheme has been utilized 27 minutes, removing as much as EUR 74 billion out of low-doing finance regarding the Italian banking system. In the 2020, the new COVID-19 drama has received an impact on different circles of financial functions. Including, inside the money, the fresh pandemic features lead to a boost in contactless and you will electronic costs to get having digital wallets, percentage applications and contactless cards. While in-shop credit deals reduced in general inside COVID-19 lockdown tips, the fresh portion of contactless money certainly all in-shop cards payments improved.