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Image header Agence Europe
Europe Daily Bulletin No. 13687
Contents Publication in full By article 9 / 33
ECONOMY - FINANCE - BUSINESS / Banks

Prohibition on third-country banks providing core services directly in EU should be clarified, according to EBA

On Wednesday 23 July, the European Banking Authority (EBA) took the view that the provisions of the banking prudential rules (Article 21 of Directive 2024/1619), relating to the prohibition of financial institutions from third countries from directly providing core banking services (deposits, repayable funds, granting of loans or guarantees) without being established in the European Union, should not be amended.

However, these provisions could be clarified by means of specific guidance,...

Contents

EXTERNAL ACTION
CHINA: EU-China summit in Beijing - EU receives no concrete response to trade concerns
UNITED STATES: agreement still in abeyance - EU has its response ready if negotiations fail
MOLDOVA: EU and Chișinău agree on new tariff quotas for agri-food products
MIDDLE EAST: European Commission continues to assess developments in humanitarian situation in Gaza
SYRIA: EU calls for ceasefire to be fully respected
IRAN: Tehran threatens to leave Nuclear Non-Proliferation Treaty if Europe reimposes sanctions
ECONOMY - FINANCE - BUSINESS
ECB: “inflationary shock” of Russia’s war of aggression against Ukraine is behind us, says Christine Lagarde
COMPETITION: KKR/NetCo - formal EU investigation into possible failure to provide accurate information
BANKS: prohibition on third-country banks providing core services directly in EU should be clarified, according to EBA
TAXATION: “Ireland should consider introducing a 15% tax rate for all companies”, says MEP Pasquale Tridico
SECTORAL POLICIES
AGRICULTURE: European Commission says CAP reform aims to deliver “more targeted and fairer” support for farmers
AGRICULTURE: EU agri-food trade remains stable in April 2025
FISHERIES: European fishermen denounce existential threat posed by creating marine protected areas
HEALTH: European Commission earmarks €571.3 million for 2025 EU4Health programme
DIGITAL: five associations accuse Alphabet of knowingly contravening DMA obligations
DIGITAL: European Commission proposes template for suppliers of general AI models to ensure transparency of their data
CLIMATE: Patriots for Europe are tackling 2040 target, for which they are main rapporteurs in European Parliament
TRANSPORT: European Commission awaiting conclusions of European Civil Aviation Conference before authorising C3 scanners
TOURISM/HOME AFFAIRS: European tourism sector raises concern over proposed ETIAS fee increase
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: European Commission keeps ‘anti-discrimination’ directive on agenda, with view to a compromise in EU Council
MEDIA: public media are under political pressure in more than half of EU Member States, according to a Reporters Without Borders report
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION: Erasmus+, a success for participants, organisations and education systems, but funding does not match success
BREACHES OF EU LAW
EU LAW: European Commission criticises numerous EU countries for failing to transpose legislation
COUNCIL OF EUROPE
JUSTICE: Council of Europe report highlights serious concerns about Irish prisons
NEWS BRIEFS
HUMANITARIAN AID: EU provides €150,000 for flood victims in Honduras
TRADE: European Commission to closely monitor imports and exports of recycled steel
ENERGY: ACER recommends greater alignment of national and European planning efforts for development of electricity grid
ENVIRONMENT: PAN Europe submits formal request for internal review of authorisation of 28 PFASs under European pesticides legislation
ENVIRONMENT: waste management alone will not solve plastics crisis, warns Environmental Justice Foundation
LEBANON: EU launches €12.5 million project to support armed forces in rebuilding efforts in Southern Lebanon
CIVIL PROTECTION: EU activates civil protection mechanism after fire in Limassol district of Cyprus
TRANSPORT: EASA consults on guidance for drone airworthiness
THAILAND/CAMBODIA: EU calls for a de-escalation of conflict on border between two countries