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Image header Agence Europe
Europe Daily Bulletin No. 13039
Contents Publication in full By article 30 / 37
NEWS BRIEFS / Banks

European Banking Authority‘s state of play on assets eligible for resolution

10/10/2022 (Agence Europe) – On Friday 7 October the European Banking Authority (EBA) updated its October 2020 monitoring report on the quality of bank own funds and eligible liabilities (MREL) instruments in the event of a banking group failure. It notes that its recommendations have generally been followed, although it makes some new ones and also reports on best practice observed. In this updated report, EBA analysed 25 transactions issued in 16 countries for a total of €15.3 billion. In April, the European authority noted that the MREL asset gap has been reduced from €110 to 67.6 billion in 2020. See the EBA report: https://aeur.eu/f/3i1 (MB)

Contents

SECTORAL POLICIES
ENERGY: energy performance of buildings, Germany, France, Luxembourg and the Netherlands call for ambitious compromise
ENERGY: price increases, electricity market reform and energy security on agenda of informal meeting of EU energy ministers
CLIMATE: revision of ETS, prospect of an interinstitutional agreement before COP27 is receding
JUSTICE: modernisation of justice, ‘Azmani’ report setting up a collaboration platform for Joint Investigation Teams adopted in European Parliament committee
HOME AFFAIRS: European Commission seeks to reassure MEPs of scope of its new regulation on detecting child pornography online
CONSUMERS: online video games, MEPs negotiate harmonised approach to child protection, without harming industry
MIGRATION: management of migratory flows, ‘Med5’ interior ministers again call on their European partners for credible solidarity mechanism
INTERNAL MARKET/TRADE: European Parliament fears fragmented implementation in Member States of ban on forced labour products
COHESION: European Week of Regions and Cities, a meeting on future challenges of Cohesion Policy
TRANSPORT: ‘ReFuelEU Aviation’, EU Council and European Parliament positions far apart before second round of inter-institutional negotiations
TRANSPORT: Cláudia Monteiro de Aguiar calls on European Parliament to formally approve EU-Ukraine and EU-Moldova agreements on road freight transport
FISHERIES: European Commission stands firm with MEPs on regulation banning fishing using bottom gear
HEALTH: MEPs deplore Pfizer CEO Albert Bourla cancelling attendance at European Parliament
Russian invasion of Ukraine
SOCIAL: Commission launches new pilot project to help Ukrainians find jobs in EU
UKRAINE: EU, NATO and Council of Europe denounce attacks on several Ukrainian cities, including Kyiv
RUSSIA: EU condemns Moscow’s illegal seizure of Zaporizhia nuclear power plant
EXTERNAL ACTION
FOREIGN AFFAIRS: Borrell calls on EU ambassadors to change their working methods
CAUCASUS: EU must do more, says special envoy in loco
TRADE: ‘Lange’ report on EU anti-coercion tool passes European Parliament committee stage
TRADE: Colombian anti-dumping duties on Belgian, Dutch and German frozen fries are illegal, says WTO
SOCIAL - CULTURE
SOCIAL: European Parliament will try to raise EU’s level of ambition regarding minimum income and poverty
CULTURE: launch of three-year EU artist mobility programme
ECONOMY - FINANCE - BUSINESS
TAXATION: MEPs want to strengthen rules to prevent misuse of shell entities for tax purposes
FINANCE/CLIMATE: Austria files complaint against complementary delegated act including nuclear and gas in taxonomy
FINANCE: ESMA sets out its new five-year strategy
COMPETITION: statement of objections sent to Teva concerning practices delaying competition for Copaxone
STATE AID: €1.1 billion Slovak aid schemes to help industry decarbonise production processes get green light
HEALTH: mental health of young people disproportionately affected by Covid-19 pandemic
COUNCIL OF EUROPE
FUNDAMENTAL RIGHTS: Russian opponent Vladimir Kara-Murza receives Council of Europe’s Václav Havel Prize
NEWS BRIEFS
BANKS: European Banking Authority‘s state of play on assets eligible for resolution
BELARUS: EU denounces crackdown on independent media representatives
CITIZENSHIP: ‘Save Bees’ ECI presented to European Commission
CUBA: EU disburses €1 million in initial emergency aid for Hurricane Ian victims
HUMAN RIGHTS: EU welcomes Nobel Peace Prize award to Ales Bialiatski, Memorial and Center for Civil Liberties
ECONOMY: European Technical Support Instrument for reforms promotes gender equality
NICARAGUA: Nicaraguan ambassador to EU declared persona non grata
HEALTH: EMA announces two public consultations on health-related data