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Europe Daily Bulletin No. 13112

2 February 2023
Contents Publication in full By article 18 / 36
ECONOMY - FINANCE - BUSINESS / Banks
European Banking Authority unveils its methodology for 2023 ‘stress tests’
Brussels, 01/02/2023 (Agence Europe)

The European Banking Authority (EBA) unveiled, on Tuesday 31 January, the methodology it will apply in the context of the stress tests designed to screen the soundness of 70 large banks in the European Union plus Norway (20 more financial institutions than in 2021), thus covering 75% of total banking assets.

The European authority has devised an adverse three-year socio-economic scenario for the EU that is harsher than in previous editions. According to this scenario, the persistence of...

Contents

A GREEN DEAL INDUSTRIAL PLAN
INDUSTRY: European Commission wants to create conditions for EU to compete in global race towards ‘net-zero’ economy
ECONOMY: European Commission counting on reorientation of existing instruments to finance the Green Deal Industrial Plan
STATE AID: European Commission proposes rules to encourage investment in green technologies that risk being relocated
TRADE: trade at heart of EU’s industrial strategy, says European Commission
EXTERNAL ACTION
UKRAINE: EU leaders in Kyiv to show EU commitment
UNITED KINGDOM: Northern Ireland Protocol, no agreement yet between European Commission and UK government
EUROPEAN PARLIAMENT PLENARY
MIGRATION: just several days before EU summit, MEPs divided on how to respond to rising migration flows
SECTORAL POLICIES
ENERGY: nine Member States urge European Commission to include low-carbon hydrogen in Renewable Energy Directive
DIGITAL: DSA, European Commission publishes list of guidelines to help online platforms and search engines comply
HEALTH: European Commission and OECD provide new tools to tackle cancer inequalities in Europe
INDUSTRY: left and centre of European Parliament want to push idea of European sovereignty fund even further
AGRICULTURE: Paolo De Castro’s report on geographical indications could be adopted on 25 April in European Parliament Committee
AGRICULTURE: large number of EU ministers are calling for labelling origin of honey
FISHERIES: NGO Oceana calls for “gradual phasing out” of most energy-intensive and destructive fishing techniques
TRANSPORT: rural areas, externality, MEPs discuss transport emissions pricing in European Parliament Committee
TRANSPORT: European Parliament’s Transport Committee adopts draft resolution on developing European cycling strategy
CIRCULAR ECONOMY: EU Regulation on Ecodesign for Sustainable Products, public consultation launched on priority product categories
ECONOMY - FINANCE - BUSINESS
BANKS: European Banking Authority unveils its methodology for 2023 ‘stress tests’
TAXATION: OECD publishes a manual on multilateral mutual agreement procedures linked to tax certainty agenda
ECONOMY: euro area inflation estimated at 8.5% in January
INSTITUTIONAL
BUDGET: MEPs debate second basket of new own resources for EU
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
MEDIA: European Media Freedom Act, a promising tool, if strengthened
NEWS BRIEFS
HUMANITARIAN AID: EU mobilises €43 million in emergency aid for vulnerable people in Myanmar and Bangladesh
CLIMATE: revision of ETS, Interinstitutional Agreement submitted to Member States for approval on 8 February
DEFENCE: General André Erich Denk becomes Deputy Chief Executive of EDA
HUMAN RIGHTS: Udo Bullmann nominated as S&D candidate for Chair of Parliament Sub-Committee on Human Rights
ENERGY: EU plans to sign joint declaration with US to strengthen their energy cooperation
ENERGY: entry into force of regulation on ‘market correction mechanism’
FINANCE: European Supervisory Authorities consult on system for exchange of information relevant to fit and proper assessments
TAXATION: María José Garde elected Chair of EU Council’s ‘Code of Conduct’ Group
MULTILINGUALISM: Sweden must do more to protect minority languages, says Council of Europe
CSDP: EUMAM Ukraine doubles its training target to 30,000 troops
HEALTH: no change in EU Council to European Commission’s proposal on medical devices
HEALTH: DURABLE laboratory network will strengthen European capacity to combat health threats
TRANSPORT: updating stability requirements for passenger ships, Interinstitutional Agreement approved in European Parliament Committee
TRANSPORT: sales of electric vehicles increased by 28% in EU in 2022