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Europe Daily Bulletin No. 12466

15 April 2020
Contents Publication in full By article 23 / 31
ECONOMY - FINANCE - BUSINESS / Finance
COVID-19 highlights vulnerabilities in non-bank finance, according to Financial Stability Board
Brussels, 14/04/2020 (Agence Europe)

On the eve of the virtual meeting of the G20 'Finance', the Financial Stability Board (FSB), the financial watchdog of the world's 20 major economies, sent a letter, on Tuesday 14 April, to the Finance Ministers and Central Bank Governors on COVID-19’s impact on the markets, warning in particular about the vulnerabilities of non-bank finance.

The letter begins by highlighting the twin challenge that the global financial system will have to confront in the face of COVID-19: a significantly...

Contents

BEACONS
BEACONS: COVID-19 and EU-27, a history and lessons learned
EU RESPONSE TO COVID-19
HEALTH: COVID-19—European Commission calls for gradual, coordinated lifting of restrictive measures
ENVIRONMENT: COVID-19, Commission publishes guidelines to ensure continuity of proper waste management
PARLIAMENT: European Parliament to vote on controversial resolution on European response to COVID-19
BUDGET: EU Council approves €3 billion emergency aid to combat COVID-19 in 2020
STATE AID: Covid-19, Commission approves numerous aid measures including Italian €200 billion guarantee scheme
COMPETITION: EU countries “should buy stakes in companies” to counter threat of Chinese takeovers, says Ms Vestager
EMU: Twenty-Seven invited to vote on Thursday 23 April on a European exit strategy for crisis
MIGRATION: Malta calls on EU to do everything possible to avoid a humanitarian tragedy in Libya
EDUCATION: EU Ministers take stock of measures to support pupils and teachers during outbreak
TRANSPORT: MEPs and governments call for greater flexibility in air passenger rights regulation
WOMEN: European Social Democratic family calls on Commission to help women “on the frontline of the COVID-19 pandemic”
RESEARCH: Commission opens registration for “pan-European hackathon” in response to the health crisis
JUSTICE: Europol and Interpol help foil multi-million euro face mask scam
SECTORAL POLICIES
COHESION: COVID-19 crisis further demonstrates modernity and importance of Cohesion Policy for future of Union, according to Younous Omarjee
ENVIRONMENT/CLIMATE: European Alliance for Green Recovery after COVID-19 is launched
AGRICULTURE: Janusz Wojciechowski urged to take measures to support milk and wine sectors in light of Covid-19
ENERGY: oil-producing countries agree on a historic drop in production
SECURITY - DEFENCE
NATO: defence ministers again consider response to Covid-19
CSDP: at least seven persons infected with COVID-19 within EUTM Mali
EXTERNAL ACTION
DEVELOPMENT: COVID-19, EU supports a global and coordinated approach to a moratorium on debt of poor countries
CANADA: EU and Ottawa work closely together in fight against COVID-19
ECONOMY - FINANCE - BUSINESS
FINANCE: COVID-19 highlights vulnerabilities in non-bank finance, according to Financial Stability Board
TAXATION: MEP Sophie in ’t Veld holds Commission accountable regarding US ‘FATCA’ legislation
COUNCIL OF EUROPE
HUMAN RIGHTS: COVID-19, human rights must guide health decisions, say Council of Europe experts
NEWS BRIEFS
BULGARIA: Mr Borissov wants to hurry up move towards euro membership so that Sofia is eligible for assistance from ESM
WOMEN: Council of Europe urges Polish Parliament to reject draft laws restricting abortion and sexuality education rights
FINANCE: Finance Watch denounces conflict of Interest over BlackRock's contract with Commission on Sustainable Finance
FRANCE: Paris forecasts a public deficit of -9.0% of GDP for 2020
UNITED KINGDOM: European Commission and London to decide soon on resumption of talks
UKRAINE: EU condemns conscription in Crimea and Sevastopol