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Europe Daily Bulletin No. 11876

5 October 2017
Contents Publication in full By article 17 / 37
ECONOMY - FINANCE - BUSINESS / Banks
ECB clarifies supervisory expectations for new non-performing loans
Brussels, 04/10/2017 (Agence Europe)

On Wednesday 4 October, the European Central Bank (ECB) launched a public consultation on a draft addendum to its guidelines for banks presented on 20 March (see EUROPE 11749), concerning non-performing loans (NPL) held by Eurozone banks in their credit portfolios.

The draft aims to clarify the quantitative supervisory expectations for minimum levels of prudential provisions for new NPL  - which will apply to all exposures newly classified as non-performing, in line with the definition of...

Contents

EUROPEAN PARLIAMENT PLENARY
CATALONIA: Timmermans says Catalan crisis remains a question of domestic policy
HEALTH: Parliament urges Commission to present new proposal on endocrine disruptors
CLIMATE: COP 23 - Parliament calls on EU to raise targets and to develop a strategy till 2050
GMO: Parliament objects to import of two soybeans resistant to pesticide mixtures
TRANSPORT: MEPs united in condemnation of Ryanair flight cancellations
TRANSPORT: Parliament approves three proposals for directives on passenger ship safety
MIGRATION: Parliament looking to European Council to give lead on migration and asylum policy
JUSTICE: MEPs says deprivation of freedom should not mean deprivation of dignity
FOREIGN AFFAIRS: Turkey widely overlooked in MEPs debate on next European Council
EGYPT: MEPs highlight human rights in relations with this important partner
LATIN AMERICA: European Parliament approves agreement establishing EU-LAC Foundation as international organisation
ECONOMY - FINANCE - BUSINESS
STATE AID: Commission refers Dublin to Court of Justice for failing to recover €13 billion owed by Apple
STATE AID: Amazon ordered to pay back €250 million unlawful state aid to Luxembourg
TAXATION: Prospect of new FTT initiative for the whole EU fails to win Moscovici over
TAXATION: Future VAT regime will cost millions, but bring in billions, says Commission
FRANCE: Structural budgetary effort in 2018 is borderline acceptable, says Moscovici
BANKS: ECB clarifies supervisory expectations for new non-performing loans
EXTERNAL ACTION
BURMA/MYANMAR: International diplomat delegation urges end to violence
RUSSIA: EU criticises new condemnation of opposition leader Navalny
TRADE: EU manufacturing industry pleased with agreement on new anti-dumping method
MEXICO: Negotiators of revised EU-Mexico comprehensive agreement stay on course for agreement at end of 2017
BREACHES OF EU LAW
HUNGARY: Two new reasoned opinions to Budapest over laws on NGOs and higher education
EMPLOYMENT: Luxembourg and Czech Republic face Court proceedings over question of free movement of workers
AUDIT: Slovenia before Court over incomplete transposition of European rules
FISHERIES: Portugal called on to take action against illegal fishing
BANKS: Spain still not guaranteeing access to basic bank account
ENERGY: Belgium drawn up over Euratom drinking water directive
ENERGY: Spain called on to implement energy efficiency directive correctly
SECTORAL POLICIES
FISHERIES: Council and Parliament ready to open North Sea management plan talks
NEWS BRIEFS
CATALONIA: Former Sakharov Prize winners call on European institutions to support Spain in Catalan crisis
ENERGY: Naftogaz begins first stage of separating from network operator
ENERGY: 2017 version of Commission's energy data published online
ENVIRONMENT: Andrieu calls on member states not to vote on glyphosate before 23 October
INDUSTRY: More flexibility for presidency of Council of EU in its negotiations with Parliament on motor vehicle type approval and monitoring
COMMISSION: Myrian Ferran named Strategy and Turkey Director
JUSTICE: Commission appoints Joëlle Milquet as special Adviser for Compensation of Victims of Crime
LOBBYING: Greens/EFA MEPs want Caterpillar Belgium SA's accreditation withdrawn