The European Commission has published its proposal to reform banking regulation, inline with international agreements on banking regulation (Basel III). The revisions to the Capital Requirements Directive and Capital Requirements Regulation are aimed at preserving financial stability by addressing the systematic underestimation of risks, and ensuring that banks have sufficient capital to avert another crisis…
The new draft law would set tighter cybersecurity obligations in terms of risk management, reporting obligations and information sharing. According to the legislative text adopted on Thursday by the Industry Committee, EU countries would have to meet stricter supervisory and enforcement measures, and harmonise their sanctions regimes. Compared to the existing legislation, the new directive would…
The European Parliament and Council have reached a provisional agreement on Thursday to make the European Medicines Agency more effective in tackling shortages of medicines and medical devices. The European Medicines Agency’s (EMA) capacity to manage the availability of medicinal products and medical devices will be strengthened with the creation of two “shortages steering groups”,…
The COVID-19 pandemic has exposed weaknesses in Europe’s economic landscape, notably regional inequalities, skills gaps and risks to the single market and supplies of strategic goods. In the light of these lessons, the European Commission has updated its blueprint for a greener, more digital and competitive industrial landscape, the New Industrial Strategy for Europe. In…
The EPP has warned the West: always be ready for a cyber attack. “In today’s world, it is not about whether a company or institution will be hacked, the question is whether you are prepared and resilient when it happens. Today’s vote is a clear signal that we stand for the strong cybersecurity protection of…
Fresh concern has been voiced about what has been called the “forced organ harvesting industry” in China. A conference in Brussels, called “China: forced organ harvesting and the CCP”, was told that China conducts “thousands” of such transplants every year and the practice amounts to a “crime against humanity.” Many of those targeted for the…
