The Council adopted new rules aimed at making banks operating in the EU more resilient to possible economic shocks. The changes aim to increase the resilience of banks, strengthen their supervision and reinforce risk management. In addition they will strengthen supervision and sustainability in the banking sector. Vincent Van Peteghem, Belgian minister for finance, stated last Thursday: “The […]
Commission publishes guidelines for the mitigation of systemic risks online for elections
The Commission has published guidelines on recommended measures to Very Large Online Platforms and Search Engines to mitigate systemic risks online that may impact the integrity of elections, with specific guidance for the upcoming European Parliament elections in June. Under the Digital Services Act (DSA), designated services with more than 45 million active users in the EU […]
European Commission publishes new tools for anticipating and adapting to the sectoral consequences of droughts
In recent years, droughts have significantly affected regions across the EU. However, accurate assessment and quantification of drought risks and their impacts had remained challenging due to the complex nature of these events. Droughts cannot be easily defined or predicted: they develop gradually, can occur outside of seasonal patterns, and may persist over extended periods. […]