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Image header Agence Europe
Europe Daily Bulletin No. 12751
Contents Publication in full By article 5 / 36
ECONOMY - FINANCE - BUSINESS / Banks

European Banking Authority sets out its vision for a balanced approach to RegTech

The approach to the use of technological innovation for supervisory purposes (RegTech) needs to be “balanced” to promote market efficiency while ensuring oversight of the associated risks, the European Banking Authority (EBA) said in a report published on Tuesday 29 June.

RegTech solutions are most often used for anti-money laundering and terrorist financing and fraud prevention (automated behavioural tracking), to comply with reporting obligations, to enhance security and to assess a...

Contents

BEACONS
Beacons: Slovenia, the brilliant student starting to regress (2)
ECONOMY - FINANCE - BUSINESS
FINANCE: European Commission wants to expand the EU’s toolbox for sustainable finance
FINANCE: Christine Lagarde calls for a ‘green’ capital markets union
TAXATION: European Commission expects significant decrease in tax revenues in EU in 2021 and 2022
BANKS: European Banking Authority sets out its vision for a balanced approach to RegTech
EU RESPONSE TO COVID-19
BUDGET: European Commission raises €15 billion in 2nd operation to support economic recovery
CULTURE: Commission presents its recommendations for a coordinated recovery in cultural and creative sectors
HEALTH: Margarítis Schinás presents the European Commission’s reflection on “early lessons from the Covid-19 pandemic” to MEPs
HOME AFFAIRS: European Commission calls on Member States to respect Recommendation on non-essential travel in EU
TRANSPORT: passenger rights, European Court of Auditors deplores airlines’ shortcomings during health crisis
CONSUMERS: Covid-19—airlines operating in EU urged to improve handling of flight cancellations
CIVIL PROTECTION: Covid-19: EU coordinates shipment of vaccines to Kosovo and medicines to Brazil
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOGRAPHY: European Commission develops its long-term vision for more prosperous European rural areas
SECTORAL POLICIES
MIGRATION: agreement between European Parliament and EU Council Presidency on new European Union Agency for Asylum
MIGRATION: European Asylum Support Office confirms a drastic drop in asylum applications for 2020 due to pandemic
DIGITAL: DMA, Portuguese Presidency of EU Council proposes a broader definition of gatekeepers and more recourse for Member States
AGRICULTURE: pesticides, EU Ministers support a specific protection goal for honey bees
AGRICULTURE: several EU ministers call for an end to fur farming in EU
HOME AFFAIRS: European Parliament Committee on Civil Liberties validates three new EU funds dedicated to asylum and migration and internal security
CLIMATE: EU and Morocco want to establish a ‘Green Partnership’
CLIMATE: CO2 emissions from new cars in Europe down sharply in 2020, says EEA
COMPANIES: EPP group in European Parliament continues its rebellion against EU SME Envoy
JUSTICE: MEPs call on Commission to act on missing Slovenian nominations to European Public Prosecutor’s Office
EXTERNAL ACTION
BELARUS: EU regrets Lukashenko regime’s countermeasure announcements
AUSTRALIA: Australian trade minister warns against carbon border adjustment mechanism
SECURITY - DEFENCE
TERRORISM: stabilisation and reconstruction essential to prevent Da’esh resurgence, Borrell says
COUNCIL OF EUROPE
POLAND: European Court of Human Rights condemns Poland again after its judicial reform
TURKEY: ECHR condemns Turkey for arrest of a Constitutional Court judge after coup attempt
INSTITUTIONAL
EU2021SI: Slovenia battle ready for its EU Council Presidency
FUTURE OF THE EU: European Trade Union Confederation calls for change to EU treaties
NEWS BRIEFS
INSURANCE: Member States green-light agreement with European Parliament on Motor Insurance Directive revision
FUNDAMENTAL RIGHTS: LGBTI, EU-OSHA calls for non-binary occupational safety and health legislation and administrative procedures
EMPLOYMENT: OSH, S&D group in European Parliament would have preferred more ambition from European Commission
ENERGY: more than €41 billion could be invested in fossil gas infrastructure in Europe under 5th CIP list, according to CAN Europe
G20: Foreign Ministers call for multilateralism and post-pandemic cooperation
INTERNAL MARKET: in 2019, there were 554 million nights booked via digital platforms, according to Eurostat