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Europe Daily Bulletin No. 12048

26 June 2018
Contents Publication in full By article 25 / 40
ECONOMY - FINANCE - BUSINESS / Banks
European Banking Authority urges financial institutions to take account of possibility of hard Brexit
Brussels, 25/06/2018 (Agence Europe)

European banks must be prepared to face the consequences should the United Kingdom leave the European Union without a deal (hard Brexit) at the end of March 2019, the European Banking Authority (EBA) warned on Monday 25 June.

However, this is not currently the case, the authority considers, warning that although “welcome”, the recent political agreement on a post-Brexit transitional period “will not be given legal effect until there is a ratified Withdrawal Agreement in place”.

In...

Contents

EXTERNAL ACTION
YEMEN: EU to step up diplomatic work to enable a de-escalation and a negotiated settlement of the conflict
BURMA/MYANMAR: EU sanctions seven senior army, border guard and police officials
VENEZUELA: EU sanctions another 11 Venezuelan officials
HORN OF AFRICA: European Union steps up cooperation with Red Sea countries
SAHEL: Foreign Affairs Council insists on implementing the peace agreement in Mali
CHINA: Towards exchange of offers on market access for investments at next EU-China summit
MERCOSUR: EU/Mercosur free trade talks still struggling over GIs, maritime services and public procurement
TRADE: Investors from US, Canada, India and Japan call for progress in Brexit talks
SECURITY - DEFENCE
DEFENCE: Council invites member states to act by end 2019 to improve military mobility within  EU
PESCO: Council adopts rules of governance for PESCO projects
SECTORAL POLICIES
MIGRATION: EU28 invited to provide comments on areas of work to defuse migrant dossier as suggested by 16 member states
CIRCULAR ECONOMY: Council of EU calls for framework for integrated products policy that includes recycling and reuse from conceptualisation phase
ENVIRONMENT: Drinking water directive - public health must prevail over internal market, European ministers say
CLIMATE: CO2 from new cars and vans, differences over level of ambition, but willingness to move forward in Council
CLIMATE: 14 European ministers recommend 2030 objective that is more ambitious for the EU at COP24 and a 'zero emission' strategy by 2050
DIGITAL: Digital Assembly officially launches Western Balkans strategy
DIGITAL: In context of supercomputers, Council adopts proposal to develop EuroHPC joint undertaking
CONSUMERS: European Commission and four online platforms sign up to pledge on withdrawing dangerous products
AGRICULTURE: GUE/NGL group in Parliament launches manifesto for 'fair and democratic' Common Agricultural Policy
AGRICULTURE: COPA-COGECA sounds alarm regarding tough situation of sheep sector
TRANSPORT: Roberts Zīle would like framework for liberalising bus and coach passenger transport rules
COHESION: MEPs stress that reinforcing structural support reform programme should not come at expensive cohesion policy
INSTITUTIONAL
BUDGET: Oettinger calls on European Council to make post-2020 MFF a priority for rapid agreement
HUNGARY: Parliament's civil liberties committee calls on Council of EU to act against 'violations' of rule of law
ECONOMY - FINANCE - BUSINESS
BANKS: European Banking Authority urges financial institutions to take account of possibility of hard Brexit
COUNCIL OF EUROPE
HUNGARY: Council of Europe's Venice Commission calls for 'Stop Soros' law, which criminalises assistance to migrants, to be repealed
NEWS BRIEFS
STATE AID: Green light to Slovenian restructuring measure in favour of Semenarna Ljubljana
FOREIGN AFFAIRS: Council extends mandates of six EU Special Representatives
CLIMATE: Council of EU adopts regulation establishing MRV system for CO2 from heavy goods vehicles
COHESION: Final names of Parliament rapporteurs for future Cohesion Policy published
AUSTRALIA/NEW ZEALAND: EU Council publishes negotiation mandates for free trade agreements
COUNCIL OF EUROPE: Liliane Maury Pasquier takes over from Michele Nicoletti as Chair of PACE
DEFENCE: Nine member states launch European intervention initiative
INTERNAL MARKET: Commission says EU 'must do better' in innovation domain
FISHERIES: EU wants to join convention on management of resources in North Pacific
CSDP: Spain's Rota naval base is to be new Atalanta operations headquarters
UNITED KINGDOM: Tens of thousands of demonstrators call for another vote on results of negotiations with the EU
SERBIA/KOSOVO: Work on normalisation of relations to intensify in coming weeks
SOCIAL: European Parliament hails Council's inclusion of its recommendations on employment policy
WEEKLY SUPPLEMENT
European Library: No. 1226