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Image header Agence Europe
Europe Daily Bulletin No. 12526
Contents Publication in full By article 14 / 34
ECONOMY - FINANCE - BUSINESS / Banks

European Banking Authority recalls certain prudential banking requirements in event of a pandemic

The European Banking Authority (EBA) took stock last week of how prudential banking rules have been adapted to deal with the Covid-19 pandemic.

In particular, the authority issued a statement on Thursday 9 July stressing the importance of resolution plans in times of crisis. In its view, national authorities are in a position to request updated financial data from financial institutions in order to adapt, if necessary, the agreed resolution plans.

It recalls that the resolution colleges,...

Contents

EXTERNAL ACTION
TURKEY: EU prepares stick and carrot
HONG KONG: Europeans are preparing a coordinated response to Security Act implementation
SERBIA/KOSOVO: Dialogue finally resumes after a 20-month break
VENEZUELA: Mr Borrell would like International Contact Group to assess conditions for holding parliamentary elections
SYRIA: EU welcomes adoption of UN resolution on cross-border assistance
UNITED STATES: trade sanctions against digital taxation, Europe calls for a global solution
EU RESPONSE TO COVID-19
BUDGET/ECONOMY: MEPs criticise lack of ambition in Charles Michel’s draft on MFF 2021-2027 and EU own resources
STATE AID: green light for €3.4 billion Dutch aid to KLM in context of Covid-19
HEALTH: member States invite ECDC to comment on mass screening
ECONOMY - FINANCE - BUSINESS
TAXATION: Commission to unveil 25 measures for “simple and fair taxation to support economic recovery strategy”
TAXATION: EU has a “tactical interest” in keeping two pillars of international tax reform aligned, stresses Commission
TAXATION: eighty-four millionaires call for tax increase on very wealthiest to help pay for global economic recovery
FINANCE: 16 central clearing houses successfully pass ESMA’s third stress test
BANKS: European Banking Authority recalls certain prudential banking requirements in event of a pandemic
SECTORAL POLICIES
MIGRATION: Commission wants to build tailor-made partnerships with non-Member States to break up smuggling networks
EU2020DE: Horst Seehofer wants to push forward discussions on Pact on Asylum and Migration in light of tight deadlines
EU2020DE: German Transport Minister Andreas Scheuer tells MEPs on Transport Committee to work in favour of railways
JUSTICE: Privacy Shield under threat of the ‘Schrems II’ judgment of Court of Justice of the EU
COMPANIES: Renew Europe group in European Parliament wants to strengthen European action in favour of SMEs
SPACE: Charles Michel’s budget proposals do little to reassure space sector and MEPs
ENERGY: renewables provided 40% of electricity produced in the EU in first quarter of 2020, according to Commission
ENERGY: most EU gas transmission networks are not yet ready to transport hydrogen, according to ACER
INSTITUTIONAL
RULE OF LAW: European Parliament Committee on Civil Liberties supports the idea of Mechanism covering wide range of fundamental values
SOCIAL AFFAIRS
SOCIAL: Andrea Nahles appointed special advisor to Nicolas Schmit for strengthening social dialogue
NEWS BRIEFS
BANKS: Bulgaria and Croatia to join euro area banking union from October 2020
COHESION: Covid-19 – European Commission approves amendments to operational programmes for Greece
TRADE: launch of interinstitutional negotiations on revised Regulation regarding exercise of international trade rules
DEFENCE: European Takuba task force will be ready from 15 July
ENVIRONMENT: European Parliament adopts resolution to strengthen action on chemicals and sustainability
WOMEN: PES Women calls on EU to make gender equality a precondition for receiving Recovery Plan funds
INTERNAL MARKET: UNI Europa proposes creation of specific aid fund for European retail sector after Covid-19
POLAND: incumbent president Andrzej Duda narrowly re-elected as head of country
HEALTH: European Commission to organise conference on future pharmaceutical strategy
SOCIAL: trade unions call on European Commission to act on behalf of workers in central government administrations