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Image header Agence Europe
Europe Daily Bulletin No. 13682
Contents Publication in full By article 25 / 38
ECONOMY - FINANCE - BUSINESS / Banks

Claudia Buch warns against simplification that would lead to weakening of rules

On Tuesday 15 July, Claudia Buch, Chair of the ECB’s Single Supervision Mechanism (SSM), said that “simplification should not weaken [prudential]standards” for banks.

“Lowering resilience [of the banking sector] would be a dangerous road to go down”, Ms Buch told the European Parliament’s Committee on Economic and Monetary Affairs. In her view, “there are no indications of credit supply constraints [...] related to bank capital requirements”.

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Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
BUDGET: European Commission ratifies its ‘budget revolution’, with a historic amount, a new structure and loans “beyond ceilings”
BUDGET: MEPs concerned about risk of renationalisation in draft post-2027 Multiannual Financial Framework
AGRICULTURE: European Commission forecasts budget of €300 billion for 2028–2034 CAP, down by 20%
AGRICULTURE: Christophe Hansen says post-2027 Common Agricultural Policy “retains its entire toolbox”
COHESION: €452 billion will be earmarked for cohesion, rural development and fisheries in 2028-2034, according to Raffaele Fitto
COMPETITIVENESS: European Commission proposes €410 billion Competitiveness Fund
SOCIAL: employment, skills, poverty - with a budget of €100 billion, post-2027 ESF+ will set an unprecedented minimum target for reforms to be put in place
RESEARCH: ten EU countries want to bring together various overlapping funding programmes under direct management
DEVELOPMENT: financing instrument for external action post-2027 forms “key priority” of Danish Presidency of EU Council
SECTORAL POLICIES
COHESION: EU Council and European Parliament reach compromise on mid-term review of cohesion policy
CLIMATE: 2040 target - ambition of Danish EU Council Presidency hampered by timetable and Member States’ concerns
AGRICULTURE: Cyprus stresses need to balance environmental goals with agricultural competitiveness
FISHERIES: MEPs call for vigilance over implementation of EU-UK Trade and Cooperation Agreement
FISHERIES: European Commission submits proposals for new fisheries agreement with São Tomé and Príncipe
TRANSPORT: MEPs approve exemption for zero-emission heavy duty vehicles from road tolls until 2031
HOME AFFAIRS: readmissions - European Commission proposes to tighten conditions for issuing short-stay visas to Guinea nationals
INTERNAL MARKET: MEPs call for better enforcement of Single Market rules
DIGITAL: nine civil society organisations urge European Commission to open a new investigation against X for breaches of DSA
DANISH PRESIDENCY OF THE COUNCIL OF THE EUROPEAN UNION
JUSTICE: Peter Hummelgaard defends “rights-based” approach to protecting vulnerable adults and European families to MEPs
EYCS: Danish Presidency of EU Council to work on vocational training, accessibility of Erasmus+ and digital framework
SOCIAL/EMPLOYMENT: labour mobility - Ane Halsboe-Jørgensen wants to fix shortcomings, but rules out work on coordinating social security schemes
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: Danish Presidency of EU Council and European Parliament reach agreement on new ESF+ flexibilities
Russian invasion of Ukraine
DEFENCE: support for Ukraine - Danish defence minister calls for more investment in ‘Danish model’
EXTERNAL ACTION
RUSSIA: EU sanctions 9 persons and 6 entities responsible for destabilising actions in EU and Ukraine
ECONOMY - FINANCE - BUSINESS
BANKS: Claudia Buch warns against simplification that would lead to weakening of rules
COMPETITION: European Commission approves sustainability agreement in French wine sector
FINANCE: ‘DORA’ - European Supervisory Authorities publish a guide on oversight activities
EDUCATION - YOUTH - CULTURE - SPORT
SPORT: MEPs support European model based on solidarity, inclusiveness and transparency
COURT OF JUSTICE OF THE EU
EUROPEAN PARLIAMENT: General Court of EU confirms European Parliament’s decision to recover over €300,000 unduly received by Jean-Marie Le Pen
NEWS BRIEFS
AFRICA: EU countries prepare to sanction new players involved in crises in Sudan and Mali
TRADE: merchandise trade increased significantly in early 2025 in anticipation of US tariffs
CULTURE: Culture Moves Europe - first edition supports 7,274 artists and cultural professionals
ENERGY: ‘REPowerEU’ - in his official response to European Commission, Robert Fico considers proposed guarantees to be “too vague”
ENERGY: EU Member States approve extension and revision of gas storage regulation
FINANCE: reducing intra-market fragmentation, fastest way to boost liquidity in EU, according to Oliver Wyman
DIGITAL: European Commission proposes to sign and ratify United Nations Convention against Cybercrime
SYRIA: EU urges implementation of ceasefire in Sweida
TRANSPORT: MEPs approve agreement with EU Council on River Information Services Directive