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Europe Daily Bulletin No. 12055

5 July 2018
Contents Publication in full By article 24 / 35
ECONOMY - FINANCE / Banks
EBA warns against excessively aggressive FinTech strategies
Brussels, 04/07/2018 (Agence Europe)

In the framework of its new FinTech Knowledge Hub, the European Banking Authority (EBA) on Tuesday 3 July published two reports on the impact of FinTech on the economic models of banks and the resulting risks and opportunities.

To analyse current trends, the EBA classified banks into three categories: proactive, reactive and passive in terms of innovative technologies.

According to its findings, even the most proactive banks are exposed to risks. “Potential risks may arise both for...

Contents

EUROPEAN PARLIAMENT PLENARY
FUTURE OF EU: Poland ready to play its part in EU that respects national identities, Morawiecki says
TRANSPORT: Parliament blocks the way to social and market aspects in first mobility package
TRANSPORT: Parliament supports report by Deirdre Clune on reducing charges for heavy goods vehicles
DIGITAL: Last stretch before 5 July vote at the European Parliament on copyright mandate
BUDGET: Parliament gives green light to aid of €500 million to educate child refugees in Turkey
ANGOLA: Joao Lourenço calls for EU's support to diversify economy and for frank dialogue with Parliament on common challenges such as migration
VENEZUELA: Wide majority of MEPs call for stronger role for EU in resolution of crisis
IRAQ: Parliament approves conclusion of partnership and cooperation agreement
ARMENIA: European Parliament gives agreement to conclusion of comprehensive and enhanced partnership agreement
AZERBAIJAN: Parliament sets conditions on new agreement
HUMAN RIGHTS: Parliament calls on Member States to help tackle child marriages at home and in third countries
REGIONS: Parliament reaches its position on revised budget of structural reform support programme
ENTERPRISE: Parliament proposes specific definition for mid-caps
JUSTICE: Final attempt by EPP to soften up Parliament resolution on Privacy Shield mechanism
EP2019: Parliament approves reform of electoral law
TERRORISM: European Parliament wants to protect personal data that will be exchanged between Europol and eight third countries
INSTITUTIONAL
POLAND: President of Supreme Court defies authorities by refusing to apply law contested by EU
BETTER LAW-MAKING: Commission withdraws 15 proposals deemed obsolete
PARLIAMENT: Interpreters note new willingness of Parliament administration to enter into dialogue
SECTORAL POLICIES
FISHERIES: British government White Paper on fisheries returns sovereignty over water and fish to UK
ENERGY: EU calls for action plan from Belarus to improve safety measures at Astravyets nuclear plant
EXTERNAL ACTION
MERCOSUR: EU-Mercosur free trade talks on homestretch for agreement this summer
PALESTINE: EU announces €23.5 million package under its new external investment plan
ECONOMY - FINANCE
BANKS: EBA warns against excessively aggressive FinTech strategies
STATE AID: In-depth investigation launched into potential measures in favour of Ryanair at Montpelier airport
COMPETITION: Conditional green light to acquisition of Cristal by Tronox
COURT OF JUSTICE OF THE EU
TRANSPORT: In the event of  delays, the airline that has operated the flight and not the company that has hired the aircraft and crew is responsible passenger compensation
ENVIRONMENT: Court again rules against Slovakia over illegal Žilina – Považský Chlmec landfill site
JHA: Advocate General outlines conditions for applying European Arrest Warrant
EUROZONE: Greek court is competent to rule on disputes between Greece and a citizen of another EU member state who suffered a haircut on their Greek sovereign bonds
NEWS BRIEFS
ENERGY: EBRD approves €500 million loan for construction of TransAdriatic pipeline
ERASMUS+: Positive report from European Parliament's research body
IRAN: Ministerial level meeting of Joint Commission on Friday 6 July
REGIONS: Lille opens Permanent Representation to the EU in Brussels
SYRIA: EU condemns new wave of violence in south west of country