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Europe Daily Bulletin No. 12481

7 May 2020
Contents Publication in full By article 22 / 25
NEWS BRIEFS / Banks
Single Resolution Fund should be endowed with 42 billion euros in 2020

06/05/2020 (Agence Europe) – The Single Resolution Fund (SRF), the financial arm of the resolution element of the euro area banking union, is expected to receive “42 billion euros” in 2020, said Single Resolution Board (SRB) President Elke König on Tuesday 5 May in a speech to the European Parliament’s Committee on Economic and Monetary Affairs. This year, 3,066 financial institutions in the sector are expected to pay a total of 9.1 billion euros in ex ante contributions depending...

Contents

EU RESPONSE TO COVID-19
ECONOMY: entering worst recession in its history, EU hopes for a post-Covid-19 rebound as quickly as possible
ECONOMY: S&D group in European Parliament calls for a fund of at least €1.5 trillion to manage Covid-19 crisis
EUROGROUP: euro area finance ministers should finalise activation of ESM credit lines
HEALTH: European Commission’s Scientific Advisory Committee remains infrequently consulted
TRANSPORT: work on Commission's guidelines for restoring transportation services 'still ongoing'
ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: European Commission ready to update its list of high-risk non-Member States
MONEY LAUNDERING: Greens/EFA Group in European Parliament questions EIB on its shortcomings in fight against money laundering
INSTITUTIONAL
EUROPEAN COMMISSION: revised work programme for 2020 becomes clearer
COUNCIL OF THE EU: fight against consequences of Covid-19 could be at heart of programme for next trio of presidencies
SECTORAL POLICIES
ENERGY: Commission unveils its proposal for a renewable energy financing mechanism
ENERGY: eight Member States call on Commission to recognise solar and wind power as strategic value chains
TRANSPORT: Karima Delli paves way for a “Marshall Plan” for rail freight
JUSTICE: further clarifications by Commission on its proposal on law applicable to effectiveness of assignments of claims against third parties
JUSTICE: EDPB clarifies concept of consent in data protection regulation
WOMEN: opposition of Hungarian MPs to Istanbul Convention strongly criticised in European Parliament
AGRICULTURE: EU import duties for cereals rise to €10.4 per tonne
ENVIRONMENT: Virginijus Sinkevičius calls on EU to protect marine life from accelerated ocean acidification
EXTERNAL ACTION
TRADE: investment screening, Commission underlines progress made by EU27
HONG KONG: pro-democracy activists call on EU to defend freedom of city-state
COUNCIL OF EUROPE
MALTA: way in which institutional reform will be prepared is a test for Maltese government, warns Parliamentary Assembly
NEWS BRIEFS
HOME AFFAIRS: Baltic countries re-introduce freedom of movement between each other’s territories
BANKS: Single Resolution Fund should be endowed with 42 billion euros in 2020
BANKS: EBA will publish in June updated information on financial situation of banking sector prior to start of pandemic
ENERGY: German energy regulator could further delay start-up of Nord Stream 2 pipeline
TAXATION: Belgium and Netherlands agree on a tax regime for frontier workers during pandemic