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Europe Daily Bulletin No. 12747

24 June 2021
Contents Publication in full By article 13 / 27
ECONOMY - FINANCE - BUSINESS / Banks
European Banking Authority recommendations on industry management and supervision of climate risk
Brussels, 23/06/2021 (Agence Europe)

The European Banking Authority (EBA) sets out a series of recommendations on how banks and investment firms should manage environmental, social and governance (ESG) risks and how supervisors should integrate these risks into their supervisory review activities in a report published on Wednesday 23 June.

The European Banking Authority (EBA) sees a need to enhance, in a risk-based and proportionate manner, incorporating ESG risks into financial institutions’ business strategies, internal...

Contents

EUROPEAN COUNCIL
HEALTH: discussions on return to free movement and spread of coronavirus variants expected at European Council
FOREIGN AFFAIRS: Russia, Turkey, Belarus and Africa to be discussed by EU leaders
MIGRATION: EU-27 will discuss external aspects of EU’s migration policy, only ones on which there is consensus to date
EMU: EU-27 to discuss how to optimise post-Covid-19 economic recovery
EUROPEAN PARLIAMENT PLENARY
MIGRATION: MEPs call on European Council to move forward on asylum and migration policy
CLIMATE: European Parliament ready to adopt interim agreement reached with EU Council on ‘Climate Law’
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: European Commission details to Hungarian government its “legal concerns” regarding bill stigmatising LGBTI people
SECTORAL POLICIES
DIGITAL: European Commission proposes new ‘Joint Cyber Unit’ for more cooperation between Member States
ENVIRONMENT: EU ‘Aarhus’ Regulation amendment, inter-institutional negotiations to continue on 12 July
MIGRATION: European Parliament’s group on Frontex has completed its investigative work
INDUSTRY: EPP Group in European Parliament regrets lack of ten-year strategy in industrial strategy
ECONOMY - FINANCE - BUSINESS
COMPANIES: faced with lobbying and divisions within Commission, European Parliament maintains pressure for ambitious due diligence
BANKS: European Banking Authority recommendations on industry management and supervision of climate risk
EXTERNAL ACTION
MONTENEGRO: EU Commissioner Olivér Várhelyi calls for progress on the rule of law
SERBIA: Portuguese Presidency of EU Council welcomes Serbia's ambition to open clusters 3 and 4 of EU accession negotiation process
UN: Mr Guterres counts on EU to be at forefront of battle for values of Enlightenment
SUSTAINABLE DEVELOPMENT: EU reaffirms its full commitment to UN 2030 Agenda and its SDGs for post-Covid-19 recovery
COUNCIL OF EUROPE
HOME AFFAIRS: Council of Europe Parliamentary Assembly sets conditions so that Covid ‘passes’ respect fundamental rights
WOMEN: announcements of new ratifications of Istanbul Convention on preventing and combating violence against women
INSTITUTIONAL
BUDGET: rule of law conditionality, European Parliament maintains pressure on Commission
NEWS BRIEFS
CATALONIA: Council of Europe calls on Spain to reform criminal provisions on rebellion and sedition
CONSUMERS: second public consultation to revise EU directive on ‘distance marketing of consumer financial services’
ENVIRONMENT: an international panel of twelve experts proposes a definition of ‘ecocide’
HONG KONG: EU denounces closure of Apple Daily
CSDP: Member States’ ambassadors to EU endorse crisis management concept of a CSDP mission to Mozambique
UNITED KINGDOM: European Commission is ready to accept London’s request to extend grace periods allowed by Northern Ireland Protocol
ZAMBIA: EU to observe Zambian general election on 12 August