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Europe Daily Bulletin No. 13259

28 September 2023
Contents Publication in full By article 19 / 26
NEWS BRIEFS / Banks
EU banks have “almost fully absorbed” impact of ‘Basel III' reform, according to European Banking Authority

27/09/2023 (Agence Europe) – The European banking sector still needs to have €600 million of capital of the highest quality (CET1) to comply with the so-called ‘Basel III’ prudential reform, said the European Banking Authority (EBA) on Tuesday 26 September in its second annual monitoring report, which assesses the impact on 157 banks that the full implementation of this reform will have on EU banks in 2028. This situation leads it to consider that the capital shortfall has been...

Contents

INSTITUTIONAL
FUTURE OF EU: European Commission reiterates its strategic autonomy priorities ahead of informal meeting of European leaders in Granada
EUROPEAN COMMISSION: four new directors appointed to several Directorates-General
SECTORAL POLICIES
DIGITAL: without effort on part of Member States, EU could miss out on objectives set out in political programme for Digital Decade
MIGRATION/HOME AFFAIRS: fate of ‘Crisis’ Regulation of ‘Pact on Migration and Asylum’ still hanging on a final buy-in from Berlin
ENERGY: improvements are needed in ENTSOG's draft cost-benefit analysis methodology for hydrogen infrastructure, according to ACER
TRANSPORT: rail traffic has increased between 2015 and 2019, according to European Commission
ENVIRONMENT/FOOD SAFETY: NGOs urge EU countries to vote against authorisation of glyphosate after new criminal complaint against Bayer in Austria
Russian invasion of Ukraine
UKRAINE: long-term effort to revive Ukrainian economy must start now, says Penny Pritzker
EXTERNAL ACTION
UNITED STATES: EU-US summit to be held in Washington on 20 October
ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: some EU countries want to reconsider certain criteria for selecting seat for future AMLA
FRANCE: France maintains its target of reducing government deficit to 2.7% of GDP by 2027
ECB: MEPs from ECR and EPP groups call for a pause in digital euro project
TAXATION: digital transformation benefits compliance and reduces burdens on taxpayers, says OECD
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: EU Council examines access to housing for Roma communities
COURT OF JUSTICE OF THE EU
COMPETITION: general Court annuls a 2014 Commission decision holding that a Spanish tax scheme was contrary to EU law
COMPETITION: Valve and five video game publishers have infringed competition law, confirms General Court
NEWS BRIEFS
HOME AFFAIRS: European citizens in favour of digitising travel documents to facilitate travel within Schengen, according to Eurobarometer survey
AGRICULTURE: European Commission approves new Swedish geographical indication
BANKS: EU banks have “almost fully absorbed” impact of ‘Basel III' reform, according to European Banking Authority
ECB: Governing Council approves appointment of Piero Cipollone to Executive Board
ECONOMY: Latvia submits revised recovery plan including ‘REPowerEU’ chapter
FINANCE: European Commission launches a joint competence framework to improve financial education for children and youth
FINANCE: ‘DORA’, European supervisory authorities recommend development of an appropriate taxonomy for information technologies
GEORGIA: Olivér Várhelyi encourages Tbilisi to speed up reforms
JAPAN: 42 new geographical indications protected between EU and Japan
RESEARCH: EIT announces launch of SPECTRO, an advanced educational programme focusing on cybersecurity and robotics