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Image header Agence Europe
Europe Daily Bulletin No. 12510
Contents Publication in full By article 15 / 37
EUROPEAN PARLIAMENT PLENARY / Banks

European Parliament gives green light for relaxation of certain prudential rules to facilitate lending to economy

19/06/2020 (Agence Europe)The European Parliament approved by a large majority (502 votes in favour, 169 against and 17 abstentions), on Thursday 18 June, the interinstitutional agreement reached with the EU Council on the proposal for a regulation “CRR quick fix”, which aims to ease certain banking prudential rules so that the banking sector continues to finance the economy during the crisis resulting from the Covid-19 pandemic (see EUROPE 12501/1). It rejected amendments from the Greens/EFA and GUE/NGL groups calling for the suspension, until the end of 2022, of the payment of dividends to shareholders and bonuses to bank managers who have benefited from these emergency measures. The rules are expected to come into force in July. See the text of the agreement: https://bit.ly/2V2e6Ex (MB)

Contents

EUROPEAN COUNCIL
EUROPEAN PARLIAMENT PLENARY
EXTERNAL ACTION
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
COURT OF JUSTICE OF THE EU
COUNCIL OF EUROPE
NEWS BRIEFS
Op-Ed
CALENDAR
CALENDAR EXTRA