This briefing provides an overview of the European Parliament’s expectations and priorities for the banking union as set out in its annual Banking Union reports during the 8th legislative term. The main themes found in these reports over the last 4 years are highlighted in the first section of this briefing, while the second part turns to the ECB Banking Supervisor’s response to the 2017 Banking Union report, the most recent response available, as well as concrete actions expected from the SRB, who as yet have not provided a formal response. The annex of the briefing includes a comparison of the positions taken by the EP in the annual reports in the following policy areas: banking developments and structures; institutional and organisational issues; regulatory issues; completing the banking unions; risk assessment; supervisory issues and priorities; crisis management; and policies related to Anti-Money-Laundering (AML).
At their most recent meeting, EU Heads of State or Government postponed decisions on nominating a set of high-level EU appointments, including the position of President of the European Commission. EU leaders will now reconvene for a special meeting of the European Council on 30 June, with the aim of reaching an agreement on a package of candidates. On climate policy, the European Council did not achieve consensus on ensuring climate neutrality by 2050 either. Conversely, it adopted the strategic agenda for 2019-24, setting four priority areas that will guide the work of the EU institutions over the next five years. EU leaders also discussed a wide range of external relations issues, including the situation in eastern Ukraine and the Azov Sea, and reconfirmed economic sanctions on Russia.
Most of the plastic in our oceans originates from land-based sources. On European beaches, plastics make up 80-85 % of marine litter, which is considered a major threat to marine and coastal biodiversity. Marine litter also costs the European Union economy an estimated €259 million to €695 million per year.
The June 2019 European Council meeting, the last regular one in the current institutional cycle, has a full agenda. First, EU leaders will discuss, and potentially agree on, high-level appointments to EU institutions. Moreover, they are expected to adopt their 2019-24 strategic agenda, setting the EU’s political priorities for the next five years. The European Council will also discuss the timetable for the adoption of the next Multiannual Financial Framework (MFF) and the EU’s common climate change position ahead of the United Nations Secretary-General’s Climate Action Summit. Other agenda items include deciding on the number of Commissioners, concluding the 2019 European Semester, possible decisions on opening accession negotiations with Albania and North Macedonia, countering disinformation, and the situation in Ukraine. Finally, EU-27 leaders will meet for a Euro Summit in extended format, to discuss the report submitted by the Eurogroup on EMU reform.
Increased exports, jobs, opportunities for companies… Find out facts on how globalisation can benefit people and enterprises in the EU.
The role of the European Council – to ‘provide the Union with the necessary impetus for its development’ and to define its ‘general political directions and priorities’ – has evolved rapidly over the last decade. Since June 2014, the European Council Oversight Unit within the European Parliamentary Research Service (EPRS), the European Parliament’s in-house research service and think-tank, has been monitoring and analysing the European Council’s delivery on commitments made in the conclusions of its meetings. This overview of European Council conclusions is a new, updated and more comprehensive edition of the Rolling Check-List which has been published regularly by the European Council Oversight Unit since 2014. It is designed to review the degree of progress in achieving the goals that the European Council has set itself and to assist the Parliament in exercising its important oversight role in this field.