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Europe Daily Bulletin No. 13437

22 June 2024
Contents Publication in full By article 16 / 22
NEWS BRIEFS / Banks
European Commission to propose postponing application in EU of ‘Basel III’ rules governing certain market activities until January 2026

21/06/24 (Agence Europe) – On Friday 21 June, the European Commissioner for Financial Services, Mairead McGuinness, confirmed the European Commission’s intention to propose, by means of a delegated act, to postpone by one year, until January 2026, the entry into force of certain rules in the ‘Basel III’ package strengthening banking prudential requirements (see EUROPE B13420A31). These provisions concern the ‘fundamental review of the trading book’ of investment banks. Ms...

Contents

ECONOMY - FINANCE - BUSINESS
TAXATION: Estonia fails to push through opt-in system in directive on VAT for digital platforms at EU Council
TAXATION: carbon tax should apply to carbon emissions from all sectors at same rate, according to Tax Foundation Europe
EIB: EU Bank adopts its 2024-2027 Strategic Roadmap
BANKS: European Commission criticises EU Council’s agreement on ‘CMDI’ banking crisis management package
FRANCE: Bruno Le Maire explains reasons behind opening of excessive deficit procedure against his country
STATE AID: European Commission authorises a €3 billion German scheme to support development of Hydrogen Core Network
SECTORAL POLICIES
HEALTH: pharmaceutical package, European ministers show differences over incentive system
HEALTH: EU Council defines main areas for action to strengthen European Health Union
HEALTH: many EU Member States are calling for stricter rules to protect young people from tobacco products
CLIMATE/RESEARCH: INCITE, European Commission welcomes new centre to accelerate implementation of clean industrial technologies
EXTERNAL ACTION
FOREIGN AFFAIRS: Ukraine, Middle East, Georgia, Great Lakes and Western Balkans on EU Foreign Affairs Council agenda
INSTITUTIONAL
FUTURE OF EU: tripartite majority in European Parliament sufficient to elect Ms von der Leyen as President of Commission, according to Jean-Claude Juncker
EP2024: seven members of Czech party ANO 2011 leave Renew Europe group
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL/EMPLOYMENT: Hungarian Presidency of EU Council to focus on labour market reserves in EU and inclusion of people with disabilities
NEWS BRIEFS
STATE AID: European Commission authorises Hungarian aid of €35 million for expansion of Hyginett toothbrush factory in Gyöngyös
BANKS: European Commission to propose postponing application in EU of ‘Basel III’ rules governing certain market activities until January 2026
ECONOMY: EU Council approves revised recovery plan for Ireland
EMPLOYMENT/COMPETITIVENESS: ‘NZIA’, European Commission launches an ‘Academy’ to train 100,000 workers in solar photovoltaic value chain over next three years
COMPANIES: TNFD and EFRAG publish correspondence mapping of respective standards
ENVIRONMENT: Austrian minister Leonore Gewessler subject of complaint for abuse of power following her vote in favour of nature restoration
FINANCE: European Banking Authority publishes technical standards and guidelines on crypto-assets
ERRATUM
DIGITAL: ENISA carries out pan-European exercise to prepare for cyber attacks