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Image header Agence Europe
Europe Daily Bulletin No. 12749
Contents Publication in full By article 25 / 28
NEWS BRIEFS / Finance

ECB to supervise systemic investment firms

Brussels, 25/06/2021 (Agence Europe) – On Saturday 26 June, the European Central Bank (ECB), acting as the banking supervisor within the euro area banking union, will begin its supervision of systemically important investment firms. In accordance with EU law (see EUROPE 12203/3), these firms, which have to apply for a banking licence, provide key market and investment banking services and trade in financial instruments for their own account, with total consolidated assets exceeding €30 billion. The list of these investment firms will be included in the upcoming list of banking groups directly supervised by the ECB. See the list: https://bit.ly/3ddEep2 (MB)

Contents

SECTORAL POLICIES
AGRICULTURE: political agreement between EU institutions on elements of CAP reform
AGRICULTURE: European Court of Auditors criticises EU aid during 2014-2016 dairy crisis
JUSTICE: European Parliament in turn considers transfer of management of e-CODEX system
EUROPEAN COUNCIL
HEALTH: vigilance and coordination remain watchwords of EU-27, which is “very concerned” about spread of Delta variant
HOME AFFAIRS : EU-27 call for caution as Member States re-open to EU and third-country tourists
MIGRATION: new €3 billion aid package to help Turkey will soon be on table of Member States, confirms Ursula von der Leyen
EMU: EU leaders view economic recovery with optimism and caution
FUNDAMENTAL RIGHTS: after summit debate on controversial Hungarian bill, Hungary’s place in EU is in question
EUROPEAN COUNCIL: EU-27 to discuss relations with China on 5 October in Slovenia
RUSSIA: Europeans divided on holding a summit with Vladimir Putin
TURKEY: EU will never accept two-state solution in Cyprus, warns Ms von der Leyen
BELARUS: leaders welcome adoption of sanctions against regime
SAHEL: European Council reiterates its call for respect for Transitional Charter in Mali and its support for stabilisation of region
LIBYA: European Council calls for progress on political dialogue and foreign troop withdrawal
CYBERSECURITY: EU leaders condemn latest cyber attacks and call for response
EXTERNAL ACTION
NORTH MACEDONIA: Bulgaria will not allow its arm to be twisted into accepting opening of negotiations, warns Rumen Radev
WTO: EU defends its proposal on intellectual property rights for Covid-19 vaccines at WTO
EUROPEAN PARLIAMENT PLENARY
DEVELOPMENT: European Parliament calls on EU to mobilise significantly more funding to help poor countries cope with impact of pandemic
BUDGET/COHESION: Just Transition Mechanism, European Parliament adopts interinstitutional agreement reached on public sector loan facility
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOCRACY: LinkedIn joins EU code of conduct on countering illegal hate speech online
COUNCIL OF EUROPE
MIGRATION: European Pact on Migration and Asylum strongly challenged in debate at Council of Europe Parliamentary Assembly
NEWS BRIEFS
COHESION: REACT-EU, Commission approves €93 million for City of Berlin
TRADE: agri-food trade rose sharply in March
DEFENCE: EU and South Korea to strengthen cooperation on maritime safety
FINANCE: ECB to supervise systemic investment firms
FOOD SAFETY: European Commission consulting on revision of labelling rules for alcoholic beverages
CALENDAR
Main activities of the European institutions: until 2 July 2021
CALENDAR EXTRA
Other events: until 2 july 2021