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Europe Daily Bulletin No. 12070

26 July 2018
Contents Publication in full By article 24 / 29
ECONOMY - FINANCE - BUSINESS / Finance
EBA warns against creating European Secured Note for loans to finance infrastructure
Brussels, 25/07/2018 (Agence Europe)

On Tuesday 24 July, the European Banking Authority (EBA) published an opinion for the attention of the European Commission, in which it advises against creating a European Secured Note (ESN) for loans to finance infrastructure and provides a number of recommendations concerning loans to SMEs.

Readers may recall that in March, the Commission presented a proposal to create a European label for covered bonds, which will enjoy preferential prudential treatment (see EUROPE 11979). However, the...

Contents

COURT OF JUSTICE OF THE EU
RULE OF LAW: The existence of systemic failings in the judicial system of issuing member state can justify refusal to implement a European arrest warrant
JHA: ECJ says a member state may not refuse to implement a European arrest warrant on grounds that facts have been judged in its own territory and no further action was taken
JHA: State of execution of a European arrest warrant must carry out an individual assessment to ensure that person concerned runs no risk of suffering inhuman treatment, says Court
MIGRATION: A Palestinian with UNRWA refugee status cannot obtain refugee status in the EU as they are protected or assisted by this organisation
MIGRATION: Advocate General states that asylum seeker invoking risk of religious persecution does not have to prove his beliefs
GMOs: ECJ says EU rules apply to new GMOs made using certain mutagenesis techniques
ENVIRONMENT: Spain fined for infringing waste water processing rules
CONSUMERS: ECJ says no need for extra energy labelling for vacuum cleaners
EMPLOYMENT: Court considers non-reinstatement of Spanish public sector workers is compliant following dismissal on disciplinary grounds
EMPLOYMENT: Advocate General considers that granting supplementary pay to someone working on a holiday due to their religious domination is 'unjustified discrimination'
INTELLECTUAL PROPERTY: The taste of a cheese cannot be protected by copyright, says Advocate General of Court of Justice of the EU
COMPETITION: Advocate General suggests upholding General Court judgment overturning decision to block acquisition of TNT Express by UPS
INSTITUTIONAL: Advocate General upholds cancellation of EPSO notice of competition for failing to justify decision to limit the number of second languages
SECTORAL POLICIES
INDUSTRY: 'Dieselgate' - Commission reveals further manipulation of type-approvals by car manufacturers
CIVIL PROTECTION: Member States ready to negotiate with the Parliament on EU's reinforced system, 'RescEU'
CIVIL PROTECTION: EU aid to Greece ramped up to help tackle forest fires
MIGRATION: Positive a priori reception at Council regarding clarification of controlled centres in EU and migrant disembarkation platforms outside EU
DIGITAL: Cybersecurity guidelines to protect election processes
SPACE: Successful launch of four new Galileo satellites
GENDER EQUALITY: Financial industry has a long way to go to shatter the 'glass ceiling', says ACCA
EXTERNAL ACTION
USA: Juncker and Trump's pessimism before decisive meeting to avoid trade war
MIDDLE EAST: EU calls for measures to improve situation in Gaza
TURKEY: EU adopts special €400 million measure for education of Syrian refugees
ECONOMY - FINANCE - BUSINESS
FINANCE: EBA warns against creating European Secured Note for loans to finance infrastructure
NEWS BRIEFS
FOREIGN AFFAIRS: EU congratulates Fernando Arias on his appointment as a new OPCW director
CATALONIA: Carles Puigdemont announces his continuing fight for Catalan independence in Belgium
COURT OF JUSTICE: Nuno José Cardoso da Silva Piçarra appointed as a judge to the Court of Justice of the European Union
IRAQ: EU calls on security forces to show restraint
UNITED NATIONS: EU wants to organise two conferences on Syria and Iraq on sidelines of General Assembly