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Europe Daily Bulletin No. 12383

5 December 2019
Contents Publication in full By article 19 / 31
ECONOMY - FINANCE - BUSINESS / Banks
ECB will directly supervise 117 major banks in euro area in 2020
Brussels, 04/12/2019 (Agence Europe)

Acting in its role as sole banking supervisor, the European Central Bank (ECB) will directly supervise 117 banking groups in the euro area from 1 January 2020.

In a statement released on Wednesday, 4 December that made reference to the move towards “larger and more complex” banking groups, the ECB said that the changes are linked to changes in the structures of some banking groups, the withdrawal of one licence, and the relocation of EU agencies as a result of Brexit.

The following will...

Contents

INSTITUTIONAL
BUDGET: many Member States criticise Finnish draft compromise on 2021-2027 financial framework
MALTA: political situation on island is of concern to Commission but does not require a procedure on respect for the Rule of law to be opened at this stage
EU2020HR: 'fresh air' breathed in by EU's new institutional cycle is conducive to relaunch of blocked files, says Irena Andrassy
COMMISSION: von der Leyen team adopts new working methods
SECTORAL POLICIES
ENERGY: energy/climate plans may not be sufficient to meet EU’s energy objectives for 2030
ENERGY: “people, planet and partners” are three pillars of EU's future energy policy
CLIMATE: Greens/EFA group in European Parliament presents its own ‘climate law’ to inspire authors of Green Deal
ENVIRONMENT: warning lights are red for biodiversity and EU’s 2030 climate targets, warns EEA
BIODIVERSITY: to save bees, MEPs call for a reduction in pesticide use in EU
AGRICULTURE: Baltic farmers are calling for a fair distribution of direct payments
SPACE: post-2020 budget cuts put forward byFinland’s EU Council Presidency for EU space programme worry stakeholders
COHESION: CPMR is concerned about post-2020 budget proposals of Finnish Presidency of Council of the EU
MIGRATION: in Libya, migrants now feel almost more secure inside detention centres than outside of them, according to High Commissioner for Refugees
DIGITAL: EU Council conclusions on 5G network security do not refer to health risks
HEALTH: joint clinical assessments, health as a factor of well-being and pharmaceutical policy on agenda of EU Council on 9 December
ECONOMY - FINANCE - BUSINESS
GREECE: Eurogroup releases €767 million in aid
ECONOMY: eight euro area countries at risk of non-compliance with Pact in 2020 called on to take necessary budgetary measures
ECOFIN: tax transparency country by country, sustainable finance and money laundering on agenda of EU Finance Ministers
BANKS: ECB will directly supervise 117 major banks in euro area in 2020
EXTERNAL ACTION
UKRAINE: Mr Ariev calls on EU not to lift sanctions against Russia
LATIN AMERICA: Javí López and María Marques advocate giving new momentum to EU/Latin America strategic partnership
COURT OF JUSTICE OF THE EU
AGRICULTURE: protection of name Aceto Balsamico di Modena does not extend to terms aceto and balsamico, according to Court
NEWS BRIEFS
CLIMATE: MEPs, politicians and left-wing intellectuals call for more ambitious European Green New Deal
COHESION: negotiations between European Parliament and EU Council on Common Provisions Regulation are postponed
COMPETITION: Netherlands calls for a review of European rules
ENERGY: COGEN Europe calls on EU to put more emphasis on energy efficiency
FINANCE: resumption of European Parliament/EU Council negotiations for an agreement on taxonomy on sustainable finance, Thursday 5 December
FINANCE: EU Council ready to negotiate with European Parliament on resolution framework for central counterparties
JUSTICE: Wojciech Wiewiórowski officially appointed European Data Protection Supervisor
DIGITAL: nineteen Member States in favour of a quantum communication infrastructure
CSDP: EU must be able to act in event of crisis, von der Leyen stressed