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Image header Agence Europe
Europe Daily Bulletin No. 12070
Contents Publication in full By article 24 / 29
ECONOMY - FINANCE - BUSINESS / Finance

EBA warns against creating European Secured Note for loans to finance infrastructure

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