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Image header Agence Europe
Europe Daily Bulletin No. 13693
Contents Publication in full By article 11 / 31
ECONOMY - FINANCE - BUSINESS / Banks

At end of 2024, few banks in breach of requirements for ‘MREL’ instruments eligible for resolution

Only a handful of banks failed to meet their minimum requirements for own funds and eligible liabilities (MREL) in the event of resolution, with a shortfall of €2.3 billion for the sample as a whole (or 2.1% of risk-weighted assets - RWA), according to the semi-annual dashboard updated by the European Banking Authority (EBA) on Thursday 31 July, based on aggregated statistical information for 345 banks available at the end of 2024.

Overall, the banks meet the MREL requirements in line...

Contents

Time off: Summer break
COURT OF JUSTICE OF THE EU
MIGRATION: Court of Justice of EU confirms that Member States must duly justify designation of a third country as a safe country of origin
MIGRATION: Ireland had no valid excuse in 2023 for failing to cover basic needs of asylum seekers
JUSTICE: Court considers that temporary double appointment of judges in Poland does not affect their independence under EU law
JUSTICE/SPORT: national courts have power to review decisions of arbitral tribunals, according to EU Court of Justice
CONSUMERS: Court of Justice of European Union interprets right to compensation of a purchaser whose vehicle is fitted with an unlawful defeat device
ENVIRONMENT: EU Court of Justice annuls contentious classification of titanium dioxide as a carcinogen
PAYMENTS: according to EU Court of Justice, consumers can be denied reimbursement for unauthorised transactions if they knew about said transactions and were slow to report them
RUSSIA: EU Court of Justice approves sanctions targeting Timchenkos
ECONOMY - FINANCE - BUSINESS
BANKS: EBA’s 2025 stress test reveals a stronger banking sector than in 2023
BANKS: at end of 2024, few banks in breach of requirements for ‘MREL’ instruments eligible for resolution
TAXATION: Belgian political party Les Engagés questions European Commission about Meta’s practices in its country
EXTERNAL ACTION
UNITED STATES: Washington publishes decree on trade agreement with EU, but does not include certain sensitive parts on “strategic” products
BOSNIA AND HERZEGOVINA: EU calls for verdict on conviction of Milorad Dodik to be respected
SECTORAL POLICIES
ENVIRONMENT: European Commission to champion legally binding ‘Plastics Treaty’ covering entire plastics value chain in Geneva
ENVIRONMENT: plastic recyclability claims mislead consumers, according to a study conducted in several EU Member States
DIGITAL: AI Act obligations officially enter into force in EU
TRANSPORT: EMSA says ammonia-based marine fuel is a promising technology, but requires effective safety measures
TRANSPORT: France and Italy contact European Commission informally about Autostrada Ferroviaria Alpina
ENERGY: new coalition of NGOs sets up a tool to monitor implementation of ‘methane’ regulation
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
GENDER EQUALITY: European Institute for Gender Equality publishes a guide for anticipating more inclusive and sustainable policies
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: European Foundation for the Improvement of Living and Working Conditions observes progress in reducing child poverty
COUNCIL OF EUROPE
JUSTICE: Council of Europe calls on Spanish authorities to take “determined action” against executive corruption
FUNDAMENTAL RIGHTS: Secretary General of Council of Europe speaks on occasion of European Roma Holocaust Memorial Day
NEWS BRIEFS
ECONOMY: inflation estimated at 2.0% in July in euro area
CIRCULAR ECONOMY: European Commission launches a consultation on its forthcoming circular economy legislation
ENERGY: Council of European Energy Regulators formulates its recommendations for future ‘networks’ package
HONG KONG: EU condemns extraterritorial arrest warrants against pro-democracy activists, including one EU citizen
IRAN: ten EU Member States and four non-EU countries condemn Iran’s state threats
LAOS: EU signs memorandum of understanding for elimination of child labour in Luang Prabang province
UKRAINE: Germany will deliver two Patriot systems to Kyiv “in the coming days”