Latest news from EU institutions and bodies

ESAs establish framework to strengthen coordination in case of systemic cyber incidents 17 July 2024 Digital Finance and Innovation Joint Committee The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) will establish the EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA), that will facilitate an effective financial sector response to a cyber incident that poses a risk to financial stability, by strengthening the coordination among financial authorities and other relevant bodies in the European Union, as well as with key actors at international level. Over the coming months, the ESAs will kickstart the implementation of the framework by setting up: the EU-SCICF Secretariat, supporting the functioning of the framework; the EU-SCICF Forum, working on testing and maturing the functioning; the EU-SCICF Crisis Coordination, facilitating during a crisis the coordination of actions by the participating authorities. The ESAs will identify legal and other operational hurdles encountered during the initial set up and report these to the European Commission. The further development of the framework will be subject to the availability of resources and other measures taken by the European Commission. Background After identifying a shortfall in crisis management frameworks that could lead to a lack of financial sector coordination in the event of a significant cross-border information and communication technologies (ICT) incident, the European Systemic Risk Board (ESRB) recommended the ESAs to build on the role foreseen in the Digital Operational Resilience Act (DORA), and to gradually develop a pan-European systemic cyber incident coordination framework (EU-SCICF).   Further information: Cristina Bonillo Senior Communications Officerpress@esma.europa.eu 17/07/2024 EU-SCICF One Pager on EU-SCICF

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The European Supervisory Authorities will establish the EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA), that will facilitate an effective financial sector response to cyber incidents

The European Investment Bank (EIB) and the University of Camerino have signed a €22 million finance contract with the main goals of supporting the expansion, renovation and modernisation of the university’s campus, bringing it into line with the highest teaching, research and environmental sustainability standards.

European Commission Statement Brussels, 17 Jul 2024 The Commission takes note of the judgments of the General Court in the two cases concerning access to the COVID-19 vaccine contracts and related information. Th...

European Commission Daily news Brussels, 17 Jul 2024 L'UE va investir un montant record de 7 milliards d'euros dans des infrastructures de transport durables, sûres et intelligentes La Commission européenne a séle...

Bytedance v Commission Approximation of laws Digital Markets Act: The General Court dismisses the action brought by Bytedance (TikTok) against the decision of the Commission designating it as a gatekeeper

Bytedance v Commission Approximation of laws Digital Markets Act: The General Court dismisses the action brought by Bytedance (TikTok) against the decision of the Commission designating it as a gatekeeper

Auken and Others v Commission Law governing the institutions The Commission did not give the public sufficiently wide access to the purchase agreements for Covid-19 vaccines