European Commission

5 stories

Finance
Fund Regulation
Brussels sets higher liquidity benchmarks for money-market funds, putting Luxembourg's vast sector on notice
The European Commission has published its long-awaited review of the EU's Money Market Funds Regulation, alongside new guidance recommending, for the first time, liquidity benchmarks above the legal minimums. The FAQs point to weekly liquid asset levels of 40% for stable-NAV funds and 20% for variable-NAV funds. Luxembourg's CSSF flagged the move to the local fund industry on 15 May 2026.
By Pierre Hansen1 June 2026
Europe
EU Labour Law
Brussels Rules Out Delay as EU Pay-Transparency Law Hits Luxembourg This Week
The EU Pay Transparency Directive must be in force across the bloc by 7 June 2026, and on 22 May the European Commission confirmed it will not fold the rules into any simplification omnibus or "stop-the-clock" measure. Luxembourg, which has yet to file a transposition bill, looks set to miss the deadline even as new pay-range, pay-history and gender-gap-reporting duties bear down on employers.
By Marie-Anne Kayser1 June 2026
Europe
Trade defence
Europe's steel wall goes up: how the EU's new quota-and-tariff regime works
On 1 July 2026 the EU replaces its expiring steel safeguard with a tougher tariff-rate-quota regime. Tariff-free imports fall to about 18.3 million tonnes a year, a roughly 47% cut versus 2024, and the duty above quota doubles from 25% to 50% across 30 product categories. Brussels frames it as a response to record Chinese-driven overcapacity. Mills like ArcelorMittal are restarting idled furnaces, but downstream fabricators warn of higher input costs.
By Marie-Anne Kayser1 June 2026
Finance
Economy
Commission Sees Luxembourg GDP at 1.9% in 2026, 2.0% in 2027 — But the Recovery Is Conditional
The European Commission projects Luxembourg's economy to recover from a 0.8% 2025 print to 1.9% in 2026 and 2.0% in 2027 — supported by financial-sector activity, lower rates and indexation-bolstered consumption.
By Pierre Hansen5 May 2026
Europe
Climate Diplomacy
Hoekstra in Luxembourg: ETS2, Climate Finance, and a Date in June
EU Climate Commissioner Wopke Hoekstra spent two days in Luxembourg in mid-April, meeting Prime Minister Frieden, Foreign Minister Bettel and Environment Minister Wilmes. Discussions ranged from ETS2 implementation to international climate finance — and ended with the Commissioner accepting an invitation to open Luxembourg's first International Climate Finance Days in June.
By Tom Reuter4 May 2026

Brussels sets higher liquidity benchmarks for money-market funds, putting Luxembourg's vast sector on notice

Brussels Rules Out Delay as EU Pay-Transparency Law Hits Luxembourg This Week

Europe's steel wall goes up: how the EU's new quota-and-tariff regime works

Commission Sees Luxembourg GDP at 1.9% in 2026, 2.0% in 2027 — But the Recovery Is Conditional

Hoekstra in Luxembourg: ETS2, Climate Finance, and a Date in June