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Europe Daily Bulletin No. 12937

23 April 2022
Contents Publication in full By article 20 / 27
NEWS BRIEFS / Banks
MREL asset deficit reduced from €110 to 67.6 billion in 2020

22/04/2022 (Agence Europe) – In 2020, progress in building up capital and eligible liabilities in the event of a bank resolution (MREL) was mainly driven by large European banks, notes the European Banking Authority (EBA) in an annual report published on Friday 22 April. The report highlights that at the end of 2020, 110 banking groups were €67.6 billion short of their final MREL targets set for January 2024. This deficit was €115 billion at the end of 2019. One reason for the...

Contents

EXTERNAL ACTION
UNITED STATES: Stefano Sannino and Wendy Sherman hope that China “learns the right lessons from the Russian-Ukrainian” crisis
UNITED STATES: Valdis Dombrovskis in Washington DC to prepare for next EU-US Trade and Technology Council meeting
UNITED KINGDOM: new confrontation between Commission and UK government on Northern Ireland Protocol in sight
NORTH KOREA: EU extends list of persons and entities sanctioned for Pyongyang’s illegal weapons programmes
Russian invasion of Ukraine
UKRAINE: Charles Michel calls for humanitarian ceasefire for Orthodox Easter
BUDGET: European Commission proposes to amend 2022 budget to ensure support for people fleeing Ukraine
AGRICULTURE: European co-legislators give green light to release agricultural crisis reserve
SECTORAL POLICIES
CLIMATE: European Parliament negotiators still far from agreement on ETS review
CLIMATE: Europe had its warmest summer on record in 2021, according to data from Copernicus programme
ENVIRONMENT: combating imported deforestation in EU, Christophe Hansen caught between ambition and pragmatism
FISHERIES: European Commission proposes transposal of new rules of International Commission for the Conservation of Atlantic Tunas
DIGITAL: European Parliament/EU Council negotiations on EU rules for digital services prove arduous
COHESION: Constanze Krehl wants to profoundly change cohesion policy post-2027
TRANSPORT: Commission consults to evaluate work of European Union Aviation Safety Agency
SECURITY - DEFENCE
DEFENCE: EU provides further €45 million in aid to Mozambique’s armed forces
ECONOMY - FINANCE - BUSINESS
ECONOMY: government deficit reduced to 5.1% of GDP and government debt to 95.6% in euro area by end of 2021
COMPETITION: Kingspan and European Architectural Systems abandon proposed transaction to purchase Trimo
EU RESPONSE TO COVID-19
HEALTH: European Commission says it is committed to transparency over Covid-19 vaccine procurement contracts
NEWS BRIEFS
AFGHANISTAN: EU calls on Afghan authorities to ensure safety of citizens after new attacks in country
BANKS: MREL asset deficit reduced from €110 to 67.6 billion in 2020
CLIMATE: European Commission formally commits to achieving climate neutrality as an institution by 2030
COHESION: European Commission adopts Lithuania’s Partnership Agreement
COURT OF JUSTICE: hearings and pleadings soon to be broadcast online
ECONOMY: euro area inflation at 7.4% in March
INTERNAL MARKET: European Parliament vote on machinery and equipment regulation is postponed
DIGITAL: artificial intelligence, EDRi calls on MEPs to strengthen measures to protect human rights
TIMOR LESTE: EU congratulates José Ramos Horta on winning presidential elections