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Europe Daily Bulletin No. 12829

10 November 2021
Contents Publication in full By article 2 / 34
ECONOMY - FINANCE - BUSINESS / Banks
Single Resolution Fund safety net to be in place by early 2022, says ESM
Brussels, 09/11/2021 (Agence Europe)

On Monday 8 November at the end of the Eurogroup meeting the chief economist of the European Stability Mechanism (ESM), Rolf Strauch, estimated that all the elements were in place for the euro area’s permanent rescue fund to start “at the beginning of 2022” to play its role as a safety net for the Single Resolution Fund (SRF), the financial arm of the ‘resolution’ component of the banking union.

By the end of 2021, all euro area countries must have ratified the ESM reform agreed at...

Contents

ECONOMY - FINANCE - BUSINESS
BANKS: Basel III, home country differences of banking groups resurface at EU Council
BANKS: Single Resolution Fund safety net to be in place by early 2022, says ESM
ECONOMY: EU Council discussions on revision of EU fiscal rules kick off
PAYMENTS: seven EU countries support European Payments Initiative
SECTORAL POLICIES
CLIMATE: COP26, European Commission pledges €100 million to ‘Adaptation Fund’
ENERGY: Germany joins commitment to stop financing fossil fuel projects abroad by end of 2022
ENERGY: MEPs want to strengthen implementation of energy performance of buildings directive
MIGRATION: Commission proposes that Member States consider further sanctions against Belarus and against third countries involved in arrivals at EU’s external borders
MIGRATION: Members of European Parliament’s Committee on Civil Liberties want action against Belarus that is both resolute and protective of migrants’ rights
JUSTICE: MEPs doubt effectiveness of a self-certification system for transfer of personal data to US
DIGITAL: artificial intelligence development, draft ‘Voss’ report presented to European Parliament urges EU to act
INTERNAL MARKET: European Commission outlines ways to improve implementation of Firearms Directive
FISHERIES: France calls for “a rapid solution” to problem of licences in British waters
AGRICULTURE: MEPs are concerned about inclusion of fertilisers in EU’s Carbon Border Adjustment Mechanism
AGRICULTURE: European Commission submits parts of CAP secondary legislation to Member States
AGRICULTURE: production costs are rising for farmers, warn MEPs
HEALTH: work in European Parliament on cancer plan is progressing, including on sensitive issue of prevention
EXTERNAL ACTION
AFGHANISTAN: Jutta Urpilainen updates MEPs on implementation of EU’s direct financial support to Afghans
DEVELOPMENT: future EU humanitarian action strategy, MEPs call for a more robust and predictable budget
TRADE: trade agreements are not there to fill gaps in international diplomacy, warns Sabine Weyand
TRADE: MEPs waiting for clear timetable on WTO reform
EU RESPONSE TO COVID-19
HEALTH: European Parliament to review its position on cross-border health threats in light of HERA launch
HEALTH: EMA to provide EU27 with recommendations on possible emergency use of molnupiravir for Covid-19
ECONOMY: Madrid to request payment of first instalment of financial assistance under Spanish recovery plan
COURT OF JUSTICE OF THE EU
UNITED KINGDOM: Ireland is still obliged to apply provisions of European Arrest Warrant relating to United Kingdom
MIGRATION: according to the Court, Common European Asylum System does not, in principle, preclude a Member State from automatically extending refugee status to a minor whose parent has that status
NEWS BRIEFS
COMPETITIVENESS: Thierry Breton confirms priorities of future French EU Council Presidency
FUNDAMENTAL RIGHTS: FRA worries too few Member States collect information on antisemitic incidents properly
ENVIRONMENT: European Commission consults on setting a limit value for hexachlorobenzene, a persistent organic pollutant
INTERNAL MARKET: Energy prices and skills shortages are clouding business optimism, says Eurochambres
SOCIAL: MEPs give green light to €1.2 million EGF grant for Spain
TRANSPORT: European Commission launches a call for input for revision of Air Services Regulation
TRANSPORT: EU Council formally adopts revision of ‘Eurovignette’ Directive
CORRIGENDUM
SOCIAL: wrong link for EU Council compromise on minimum wage directive