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Image header Agence Europe
Europe Daily Bulletin No. 12461
Contents Publication in full By article 13 / 45
EU RESPONSE TO COVID-19 / Insurance

COVID-19, EIOPA calls for a temporary dividend freeze

The European Insurance and Occupational Pensions Authority (EIOPA) asked insurers on Thursday 2 April to temporarily suspend dividend payments and share buybacks in order to be able to bear the repercussions of the economic crisis triggered by the COVID-19 outbreak.

“Taking due account of the current level of uncertainty on the depth, magnitude and duration of the impacts of COVID-19 in financial markets and on the economy, EIOPA urges (re)insurers to temporarily suspend all discretionary...

Contents

INSTITUTIONAL
HUNGARY: Viktor Orbán's regime has now passed stage of illiberal democracy, according to Jacques Rupnik
RULE OF LAW: by joining, Hungary weakens declaration of 16 Member States on risks related to emergency measures
EU RESPONSE TO COVID-19
EMU: COVID-19, euro area rescue fund suggests creation of two credit lines
FOREIGN AFFAIRS: COVID-19, European ministers want to intensify global response to pandemic, which is inseparable from European response
FOREIGN AFFAIRS: Borrell proposes easing sanctions on non-Member States
TRADE: European manufacturing industry sounds alarm
HEALTH: cross-border care, Commission calls for flexibility in COVID-19 framework
HEALTH: COVID-19 pandemic prompts Commission to postpone implementation of rules on medical devices
STATE AID: ‘temporary framework’ extended to five additional types of aid to help tackle Covid-19
STATE AID: COVID-19, Commission approves economic support for Spain, Sweden, Denmark and Malta
TAXATION: Commission temporarily suspends customs duties and VAT on imports of goods to combat Covid-19
FINANCE: ESMA reviews its assessment of market risks in face of COVID-19 pandemic
INSURANCE: COVID-19, EIOPA calls for a temporary dividend freeze
BANKS: EBA guidelines on moratorium practices and dividend payments
HOME AFFAIRS: temporary restrictions on non-essential travel to EU may be extended
JUSTICE: Eurojust ensures that it will remain fully operational during COVID-19 pandemic
SOCIAL: measures to support national short-time working schemes are met with mixed reception
COHESION: new measures to combat Covid-19 globally welcomed
AGRICULTURE: Copa-Cogeca calls for exceptional measures in favour of fruit and vegetable sector
AGRICULTURE: MEP Éric Andrieu recommends introduction of food reserves in light of COVID-19 crisis
FISHERIES: EU shipowners are hoping for fresh money for fisheries sector affected by COVID-19
CONSUMERS: European Commission welcomes measures taken by online platforms to stop promotion of counterfeit protective equipment
DIGITAL: Google analyses location data of its users in lockdown
TRANSPORT: Germany wants vouchers instead of reimbursement of air passengers whose flights have been cancelled
SPORTS: Commission encourages citizens to remain active in spite of confinement
SECURITY - DEFENCE
NATO: Allies want to strengthen their coordination to accelerate and enhance assistance in dealing with coronavirus
EXTERNAL ACTION
VENEZUELA: US proposals point way to a peaceful solution to crisis, says EU
BALKANS: Miroslav Lajčák appointed EU Special Representative for Serbia/Kosovo dialogue and for Western Balkans
SECTORAL POLICIES
INDUSTRY: car manufacturers call for deployment of a dense network of charging stations for heavy-duty vehicles
CLIMATE: legal opinion of European Parliament services may undermine ambition of climate law, not that of Commission
ENERGY: WindEurope welcomes Spain's national energy/climate plan
ENERGY: oil-producing countries are considering massive production cuts
COURT OF JUSTICE OF THE EU
CONSUMERS: Advocate General specifies competent court in disputes relating to Dieselgate scandal
COUNCIL OF EUROPE
COUNCIL OF EUROPE: Dunja Mijatović denounces obstacles to media freedom in several EU countries in times of pandemic
NEWS BRIEFS
AGRICULTURE: European Commission and EIB approve €700 million of financing
AGRICULTURE: ‘Corsican Kiwi' registered as a new geographical indication
COUNCIL OF EUROPE: Dunja Mijatović calls for specific Covid-19 measures to support people with disabilities
ENERGY: 'renovation wave' initiative should be based on European standards for energy performance of buildings, says EURIMA
ENERGY: CAN Europe criticises Tallinn's decision to allocate €125 million to a shale oil plant
ENVIRONMENT: EU Council expected to adopt its formal position on reuse of waste water for irrigation purposes on 7 April
FINANCE: Commission extends public consultations on MiFID/MiFIR framework and Non-Financial Reporting Directive
FINANCE: Commission consults on digital finance services and retail payments
UKRAINE: several MEPs welcome adoption of land reform bill
CALENDAR
Main activities of European Institutions: from 06/04 to 12/04/2020
CALENDAR EXTRA
Other Events: until 12 April 2020