The Basel Committee on Banking Supervision (BCBS) has recently agreed on a new set of rules with more restrictive requirements for the banking sector. These provisions will force European banks to converge to standardised risk-weighting of their assets by 2027 and should create better harmonisation of international capital requirements.
READ MOREPESCO, a dormant Lisbon Treaty provision to deepen defence integration among EU Member States, finally saw the light of day. While broad questions remain about the future of European defence, the initiative surely promises to be the biggest leap forward for the bloc’s defence policy in decades.
READ MOREImagine if every time you read about breast cancer in the newspaper there was an image of a crab holding onto a breast next to the article.
READ MOREOne of the main goals of the post-Lisbon Institutional reforms was to make EU decision-making more efficient. Following many claims that EU legislative processes are overly bureaucratized, the main goal of such efforts was to make the EU law-making more fit for the many ongoing challenges requiring great institutional re-activeness. The result of such fitness operation is quite striking.
READ MOREThe Japan-EU Economic Partnership Agreement (JEEPA) is especially beneficial for the Japanese car industry as it reduces tariff barriers on car imports from Japan. This new deal reinforces Japan’s trade strength in the car industry and asserts their growing dominance in the sector. The flip side of the deal ‘coining’ reveals two interesting aspects. One, in exchange of tariff reduction for Japanese cars, the EU will obtain tariff reductions mainly on its agricultural exports to Japan; more significantly on cheese. Two, the EU automobile market is offering a larger latitude to a country which is already a daunting competitor in the sector. Is the deal sending the EU on an uneven road?
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