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Image header Agence Europe
Europe Daily Bulletin No. 12502
Contents Publication in full By article 23 / 30
EU RESPONSE TO COVID-19 / Banks

MEPs approve measures to ease prudential requirements in response to impact of Covid-19

09/06/2020 (Agence Europe)The European Parliament's Committee on Economic and Monetary Affairs approved by a large majority (41 votes in favour, 16 against, 2 abstentions), on Tuesday 9 June, the proposal for a ‘CRR quick fix’ regulation, easing or delaying, certain prudential banking requirements to stimulate lending to the economy crippled by the Covid-19 pandemic (see EUROPE 12501/1).Everything was approved”, apart from the alternative amendments from the Greens/EFA group, confirmed a parliamentary source. Environmentalists are of the opinion that this relaxation should be accompanied by conditions such as an obligation not to distribute dividends to the shareholders of the beneficiary banks. The legislative proposal, which will not require inter-institutional negotiations with the EU Council, will be approved at the June plenary session. (MB)

Contents

SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
EU RESPONSE TO COVID-19
COURT OF JUSTICE OF THE EU
NEWS BRIEFS