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Image header Agence Europe
Europe Daily Bulletin No. 12466
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

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