login
login
Image header Agence Europe
Europe Daily Bulletin No. 13049
Contents Publication in full By article 13 / 29
ECONOMY - FINANCE - BUSINESS / Banks

European banks will have to raise €1.2 billion in capital to fully comply with Basel III agreement

To fully comply with the Basel III agreement on prudential banking requirements by 2028, European banks will need “€1.2 billion” in Tier 1 capital, said the Chair of the European Banking Authority (EBA), José Manuel Campa, on Monday 24 October.

An increase such as this would correspond to a “15%” increase in current prudential requirements, he told a hearing of the European Parliament’s Committee on Economic and Monetary Affairs.

Mr Campa also made reference to the...

Contents

BEACONS
Beacons: Putin’s band of objective accomplices and allies
SECTORAL POLICIES
BIODIVERSITY: EU sets out its negotiating mandate for COP15 in Montreal for an ambitious global framework for biodiversity
ENVIRONMENT: Industrial Emissions Directive, EU27 ministers concerned about livestock sector and disappointed with postponement of REACH revision
ENVIRONMENT: EU regulation to reduce persistent organic pollutants in waste adopted
ENVIRONMENT: EU Council authorises Commission to negotiate legally binding international agreement on plastic pollution
ENVIRONMENT: almost 90% of EU citizens are concerned about impact of air pollution on health and environment, according to a Eurobarometer survey
ENERGY: methane emissions, Czech Presidency of EU Council proposes new approach to leak detection and repair
FISHERIES: Virginijus Sinkevičius suggests compromises to finalise reform of fisheries control
HEALTH: European Commission and Coalition for Epidemic Preparedness Innovations refine their cooperation
Russian invasion of Ukraine
RUSSIA: Poland and Baltic States propose additional sanctions
ECONOMY - FINANCE - BUSINESS
ECONOMY: MEPs refine position on ‘REPowerEU’ chapters of national recovery plans
FINANCE: ESMA discusses mechanisms to limit price volatility of energy derivatives in financial markets
BANKS: European banks will have to raise €1.2 billion in capital to fully comply with Basel III agreement
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
GENDER EQUALITY: Gender Equality Index 2022, limited or even declining progress
GENDER EQUALITY: third Gender Equality Week kicks off in European Parliament
EXTERNAL ACTION
AUSTRALIA: negotiations for a trade agreement with Canberra are progressing
SOCIAL AFFAIRS
SOCIAL: new study, published ahead of an European Parliament hearing, points to aggressive lobbying tactics by platforms
SOCIAL: 16 Member States not complying with latest ILO conventions on health and safety at work, say European trade unions
EU RESPONSE TO COVID-19
HEALTH: EU Council adopts three fundamental regulations of Health Union
NEWS BRIEFS
WESTERN BALKANS: next summit will be held on 6 December in Tirana
MONEY LAUNDERING: European Banking Authority launches call for applications and contributions for revision of remittance regulation
CHINA: EU extends anti-dumping duties on Chinese aspartame
CLIMATE: EU Council adopts conclusions ahead of COP27
ECONOMY: euro area average public deficit at 2.1% in second quarter
ENERGY: European Commission reaffirms its support for agreement in principle on modernisation of Energy Charter Treaty
ENERGY: European Commission says it is ready to support BarMar gas pipeline project, subject to certain conditions
FINANCE: European Commission launches first Academy for digital finance supervisory authorities
UNITED KINGDOM: Rishi Sunak becomes new British Prime Minister
HEALTH: Commission and ECDC highlight timeliness of polio control in Europe and globally