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Europe Daily Bulletin No. 13333

23 January 2024
Contents Publication in full By article 11 / 26
ECONOMY - FINANCE - BUSINESS / Banks
Public consultation on changes to rules governing MREL assets that can be transferred in event of bank resolution
Brussels, 22/01/2024 (Agence Europe)

On Monday 22 January, the Single Resolution Board (SRB), the European authority responsible for resolving major bank failures within the euro area banking union, opened a public consultation aimed at reflecting on the future of the policy on MREL assets that can be transferred in the event of a bank resolution.

The aim is to take account of the failures that took place in spring 2023 in Switzerland and the United States, such as that of Silicon Valley Bank (see EUROPE B13146A13), which...

Contents

EXTERNAL ACTION
MIDDLE EAST: European ministers call for a relaunch of two-state solution process
SYRIA: EU imposes sanctions on six individuals and five entities
SUDAN: EU sanctions six entities undermining stability and political transition in Sudan
TRADE: thirteenth WTO Conference and EU’s strategic autonomy on agenda of informal meeting of trade ministers
Russian invasion of Ukraine
UKRAINE: European foreign ministers call for greater military support for Kyiv
AGRICULTURE: European Commission is considering ‘safeguard measures’ for EU countries close to Ukraine
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: digital platform workers, Belgian Presidency of EU Council is giving most reluctant countries a few more guarantees in order to obtain an agreement from Member States on 24 January
Interview SOCIAL: for European Trade Union Confederation, current work by EU Council on digital platform workers could weaken existing laws
ECONOMY - FINANCE - BUSINESS
COMPANIES: environmental, social and governance ratings, European Commission proposes compromise on internal ratings
ECONOMY/FINANCE: Vincent Van Peteghem stresses importance of “rapid” agreement with European Parliament on reform of European fiscal rules
BANKS: public consultation on changes to rules governing MREL assets that can be transferred in event of bank resolution
INSTITUTIONAL
BUDGET/RULE OF LAW: European Commission examines reforms presented by Poland, a prerequisite for release of €76 billion in European funds
EUROPEAN PARLIAMENT: Niklas Nienaβ and Ana Collado Jiménez launch debate on fair and transparent formula for distributing European Parliament seats
SECTORAL POLICIES
AGRICULTURE: outcome of European Parliament committee vote on new genomic techniques regulation remains uncertain
AGRICULTURE: European Commission issues overall positive assessment of use of crisis measures
FISHERIES: EU fishermen criticise France’s decision to ban fishing for a month to protect dolphins
INTERNAL MARKET: fifteen EU countries detail their strategy for strengthening Single Market
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: Frans van Daele warns European Parliament’s Committee on Civil Liberties against politicising religion
FUNDAMENTAL RIGHTS: 45% of people of African descent face racial discrimination in Europe, a figure that is rising, according to EU Agency for Fundamental Rights
COUNCIL OF EUROPE
COUNCIL OF EUROPE: Greece’s Theodoros Rousopoulos elected President of Parliamentary Assembly of Council of Europe
NEWS BRIEFS
ACP: preparatory work for European Parliament consent to Samoa Agreement
AGRICULTURE: European Commission approves a new French Traditional Speciality Guaranteed
CONSUMERS: product safety, European Commission consults public on Safety Gate’s interoperable interface
COMPANIES: European Commission extends scope of SME Fund
UN: EU approves its priorities within United Nations human rights fora in 2024
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