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Image header Agence Europe
Europe Daily Bulletin No. 11810
Contents Publication in full By article 4 / 35
ECONOMY - FINANCE - BUSINESS / Banking

Agreement in principle at Council on changes to bank creditor hierarchy for bail-ins

EU finance ministers agreed in principle in Luxembourg on Friday 16 June on two items of draft legislation in the banking domain.

Firstly, a draft directive introduced a new category of bank holdings to be tapped into for the bail-in of a failing bank (see EUROPE 11803).  Secondly, a draft regulation gradually introduces (over the space of five years) bank capital requirements relating to the application of international financial standard IFRS 9.

“These proposals set out to help make our...

Contents

ECONOMY - FINANCE - BUSINESS
TAXATION: Double stalemate at Council over two legislative proposals on VAT
GREECE: Eurogroup agrees on disbursment of new batch of financial aid
GREECE: Greek debt relief remains unpopular in Germany
BANKING: Agreement in principle at Council on changes to bank creditor hierarchy for bail-ins
BANKS: Finalisation of Basel III regulations, Europe and America still differ over output floor capital requirements
ECONOMY: Excessive deficit procedures against Portugal and Croatia officially closed
EUROZONE: IMF optimism on eurozone’s economic strength
STATE AID: Green light to creation of €24 billion fund for management of radioactive waste in Germany
STATE AID: Greek restructuring aid to rail operators OSE and TRAINOSE approved
STATE AID: Commission approves public aid to Bulgarian BDZ railway company
SECTORAL POLICIES
DIGITAL: Big digital meeting in Malta
DIGITAL: MEPs call for sectoral definition of platforms
AGRICULTURE: Oettinger seeks to reassure farming world over future CAP budget
AGRICULTURE: Inter-institutional negotiations on the omnibus regulation may now begin
AGRICULTURE: Organic farming supply chains create more added value than conventional counterparts
TRANSPORT: SESAR sets out blueprint for drone use in altitudes of less than 150 metres
ENERGY: Cyprus, Greece and Israel confirm commitment to joint EastMed project
ENERGY: Ukraine opens most competitive gas storage customs warehouse in Europe
COHESION: CPMR study confirms territorial 'blindness' of Juncker investment plan
COHESION: CEMR calls for single regulatory framework to be set in place for future cohesion policy
JHA: Europol says number of arrests linked to jihadist terrorism almost doubled over two-year period
SOCIAL AFFAIRS
SOCIAL: No Parliament committee vote on posted workers directive this July  
EXTERNAL ACTION
FOREIGN AFFAIRS: EU considers mission to help Iraqi security sector reform
TRADE: EU imposes anti-dumping quotas on Belarus steel rebars
TRADE: Commission and International Trade Centre to hold international forum on women and trade on 19 June
INSTITUTIONAL
GERMANY: Father of German reunification, former Chancellor Helmut Kohl, dies
BUDGET: Budgets committee quite pleased with EU draft budget for 2018
NEWS BRIEFS
JHA: EU and United States reaffirm security partnership but more progress needed on visa reciprocity
MOROCCO: EuroMed Rights condemns ongoing arrests and calls for responsible dialogue
DIGITAL: Axel Voss is new rapporteur on copyright reform
SOCIAL: Luxembourg and Austria call for swift concrete action in social domain
EMU: Franco-German proposals on deepening Eurozone ready for mid-July
The B-word: Agence Europe’s newsletter on Brexit
THE B-WORD: Brexit talks - “We are starting”
CALENDAR
Main activities of the European institutions: 19/06 - 25/06
Other events: 19/06 - 25/06