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Image header Agence Europe
Europe Daily Bulletin No. 13658
Contents Publication in full By article 26 / 37
ECONOMY - FINANCE - BUSINESS / Banks

European Commission proposes to postpone application of EU rules governing banks’ trading until January 2027

On Thursday 12 June, the European Commission once again proposed to postpone by one year - to January 2027 - the entry into force of provisions concerning the market activities of investment banks (Fundamental Review of the Trading Book or FRTB) included in the ‘Basel III’ package strengthening banking prudential requirements (see EUROPE B13420A31, B13460A9).

In its legislative proposal, the EU institution justifies this approach by the need not to put the European banking sector at a...

Contents

SECTORAL POLICIES
JUSTICE: political agreement in EU Council on protection of vulnerable adults
JUSTICE: EU Member States adopt common position to harmonise certain aspects of national insolvency law
HOME AFFAIRS: European Commission proposes establishing new agreements on transfer of air passenger data with Iceland and Norway
MIGRATION: UNHCR deplores record number of people displaced worldwide by conflict
ENERGY: European Commission wants to put efficiency at heart of energy policy efforts
ENERGY: seven Member States put forward recommendations for simplifying ‘methane’ regulation within ‘omnibus’ procedure
ENERGY: three Baltic countries want protection of critical energy infrastructure to be a key priority in EU’s post-2027 budget
CLIMATE: European Commission asks countries that have not yet submitted national energy and climate plans to do so without further delay
SEA: reducing bottom trawling in marine protected areas, one of issues at stake at United Nations conference in Nice
AGRICULTURE: Europe Jacques Delors institute puts forward bold proposal for greener CAP
RESEARCH: universities have a role to play in scientific diplomacy according to several European experts
HEALTH: WHO Europe worries chronic respiratory diseases are largely under-diagnosed
HEALTH: ‘European Heart Network’ suggests measures to reduce alcohol-related harm
TRANSPORT: T&E recommends limiting height of car bonnets to improve road safety
Russian invasion of Ukraine
UKRAINE/RUSSIA: Keith Kellogg optimistic about possible ceasefire
AGRICULTURE: EU Council ratifies decision granting Ukraine equivalence with EU requirements over seeds
TRANSPORT: European Union inaugurates goods scanner at Polish-Ukrainian border
EXTERNAL ACTION
ISRAEL: Sweden calls for sanctions against Israeli ministers
GUATEMALA: EU sanctions three Guatemalan officials and one entity for undermining rule of law
HAITI: Ambassador Stavros Lambrinidis reiterates EU support for stabilisation efforts
TRADE: Member States want to keep control of foreign investment screening process
SECURITY - DEFENCE - SPACE
SPACE: possible drop in NASA funding—Member States call on ESA to strengthen Europe’s resilience and autonomy
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: coordination of social security schemes – negotiations between European Parliament and EU Council scheduled around 17 June appear in jeopardy
ECONOMY - FINANCE - BUSINESS
FINANCE: European Commission examines centralised financial supervision models
FINANCE: European Economic and Social Committee identifies ‘missing pieces’ in strategy for ‘Savings and Investment Union’
BANKS: European Commission proposes to postpone application of EU rules governing banks’ trading until January 2027
INSTITUTIONAL
BUDGET: European Commission’s timetable for presenting post-2027 Multiannual Financial Framework takes shape
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
MEDIA: MEPs examine loopholes in EU legislation on media freedom and protection of journalists
MEDIA: Dutch journalists want to include Israel’s attacks on press freedom in revision of EU-Israel Association Agreement
HOUSING: Social Democrat MEPs formulate EU-level measures to take to address housing crisis
COURT OF JUSTICE OF THE EU
SPACE: EU Court of Justice upholds OHB System’s action against award of contract for satellites for Galileo programme
COUNCIL OF EUROPE
TURKEY: Turkey is experiencing serious problem of racist and anti-LGBTI violence, warns Council of Europe
FUNDAMENTAL RIGHTS: Ukraine making progress in fight against human trafficking, but must continue its efforts, says Council of Europe
NEWS BRIEFS
TRADE: green light from EU Council to increase tariffs on Russian and Belarusian agricultural products and fertilisers
CYBER SECURITY: two EU calls for tenders worth €150 million to help SMEs and public authorities deploy cybersecurity solutions
UNITED STATES: tariff pause between EU and Washington could well be extended
INDUSTRY: three NGOs lodge complaint against European Commission’s support for lithium extraction project in Portugal