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Europe Daily Bulletin No. 12735

8 June 2021
Contents Publication in full By article 17 / 32
ECONOMY - FINANCE - BUSINESS / Banks
European Banking Authority recommendations to reduce reporting costs for small banking entities
Brussels, 07/06/2021 (Agence Europe)

The European Banking Authority (EBA) unveiled, on Monday 7 June, 25 recommendations to ensure an even more proportionate application of reporting requirements in order to reduce the administrative burden for small banking entities located in the European Economic Area.

These recommendations could lead to a reduction in reporting costs in the range of 15-24% of total costs, or a savings of between 188-288 million euros, according to the EU authority.

They are based on a detailed EBA study...

Contents

FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: EU Council excludes Common Foreign and Security Policy from scope of activity of Agency for Fundamental Rights
SECTORAL POLICIES
JUSTICE: white smoke in EU Council on law applicable to third-part effects of assignment of claims
JUSTICE: Member States willing to entrust management of e-CODEX system to eu-LISA agency, subject to certain guarantees
JUSTICE: e-Evidence, Commission urges co-legislators to show “openness” in finding a compromise
JUSTICE: European Public Prosecutor’s Office, Slovenia again asked to appoint its European Delegated Prosecutors as soon as possible
JUSTICE: Member States urge European Commission to find a solution for personal data transfers to US
DIGITAL: Member States want to clarify time limits and mandatory notifications for removal of illegal content online
MIGRATION: European Court of Auditors gives harsh assessment of Frontex agency activities
SPACE INTERVIEW: “If you're not a superpower in space, you cannot be a superpower on the global political landscape,” says Josef Aschbacher
ENVIRONMENT: adapting to climate change, zero pollution objective, and battery and waste regulation on EU ministers’ agenda
FOOD SAFETY: EFSA has authorised twelve potentially carcinogenic pesticides, says PAN Europe
ENERGY: revision of TEN-E Regulation, hydrogen and ‘renovation wave’ strategies on agenda of Member States’ Energy Ministers meeting
ENERGY: some 40 stakeholders calls on EU to stop subsidising fossil fuels
CLIMATE: ETS has allowed European industries to make up to 50 billion euros in profits between 2008 and 2019, according to Carbon Market Watch
ECONOMY - FINANCE - BUSINESS
TAXATION: ‘G7 Finance’ lays foundations for agreement on international tax reform
BANKS: towards creation of a European passport for servicers of non-performing loans
BANKS: European Banking Authority recommendations to reduce reporting costs for small banking entities
COMPETITION: European Commission suggests changing rules on climate, energy and environmental support
EXTERNAL ACTION
RUSSIA: current state of tension in EU/Russia relations is in nobody’s interest, say Michel and Putin
UNITED KINGDOM: EU and London will try again on 9 June to resolve their differences over Northern Ireland Protocol
BURKINA FASO: EU condemns new terrorist attacks and renews solidarity with bereaved Burkinabe population
SECURITY - DEFENCE
NATO: Mr Stoltenberg calls for a more political Alliance
EU RESPONSE TO COVID-19
TRADE: left/right split in European Parliament on lifting of Covid-19 vaccine patents
HEALTH: Slovakia latest country to start using Russian Sputnik V vaccine
NEWS BRIEFS
HOME AFFAIRS: EU Council adopts conclusions on impact of pandemic on internal security and terrorist threat
COHESION: EU Council adopts Just Transition Fund
FUNDAMENTAL RIGHTS: Slovenia becomes 11th EU country to incorporate concept of consent into rape legislation
EU2022FR: social issue will be at heart of French Presidency of EU Council
JUSTICE: EU Council adopts conclusions on protection of vulnerable adults
CSDP: Mr Wigemark’s mandate as Head of EULEX Kosovo is expected to be extended
RUSSIA: EU denounces new law limiting opponents from running in elections
Kiosk
KIOSK: No. 039