The European Parliament has published the text of the position it adopted at first reading on 27 February 2024 with a view to the adoption of the draft Directive amending the Bank Recovery and Resolution Directive 2014/59/EU (BRRD) and the Single Resolution Mechanism (SRM) Regulation (EU) 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities.

Europol is the EU agency for law enforcement cooperation based in The Hague (Netherlands). It aims to create a safer Europe by improving cooperation between Member States, police authorities and law enforcement services. Its mission is to help Member States to prevent and combat international crime, cybercrime and terrorism. Whereas Europol provides support and coordination to national police officers and other law enforcement services, Eurojust supports and coordinates national investigating and prosecuting authorities, see ‘Eurojust’. For more information on Europol, see its website.

Europol and Eurojust have launched the third phase of the SIRIUS project, aimed at improving cross-border access to electronic evidence. This new phase will support law enforcement agencies and judicial authorities in navigating complex legal frameworks, including forthcoming EU-wide legislation, the Second Additional Protocol to the Budapest Convention, and the draft UN Convention on Cybercrime. The project will expand its geographical focus, strengthen cooperation with non-EU countries and develop new investigative tools. It will also prepare authorities for the implementation of the EU Electronic Evidence legislative package and other relevant legal changes. SIRIUS continues to serve competent authorities from over 50 countries and fosters collaboration with 220 service providers, positioning itself as a centre of excellence in the field of cross-border electronic evidence access within the EU.

Europol has published the European Union Serious and Organised Crime Threat Assessment (SOCTA 2021) which outlines threats of serious and organised crime facing the EU. The SOCTA 2021 states that the coronavirus (COVID-19) pandemic has threatened to create ideal conditions for organised crime to spread in the EU and that a key characteristic of criminal networks is their agility in adapting to and capitalising on the changes caused by coronavirus. It also reports that migrant smuggling, trafficking and exploitation of human beings, offline and online frauds, and property crime present substantial threats to EU citizens.

Europol has published a report on the benefits and challenges of artificial intelligience (AI) for law enforcement. The report aims to provide the law enforcement authorities with an understanding of the various applications and uses of AI in daily operations. It seeks to offer guidance on how to responsibly and compliantly implement AI technologies.

Europol's Quantum Safe Financial Forum (QSFF) has issued an urgent call to action for financial institutions and policymakers to address the transition to quantum-safe cryptography. The forum emphasised the imminent threat posed by quantum computing to current cryptographic security measures and highlighted the need for a proactive response to secure financial systems against this emerging risk. Key recommendations include prioritising the transition to quantum-safe cryptography, establishing a coordinated approach among stakeholders, and implementing a voluntary framework to guide the collaboration between regulators and the private sector. These steps are deemed essential to mitigate the risks associated with quantum vulnerabilities in financial systems.

The European Central Bank (ECB) has decided to launch initiatives to improve cross-border payments within the European Union and globally. These initiatives build upon the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service.

The European Central Bank (ECB) has announced that the Eurosystem will accept marketable assets issued in central securities depositories (CSDs) using distributed ledger technology (DLT)-based services as eligible collateral for Eurosystem credit operations as of 30 March 2026. The ECB says further work is underway exploring ways to expand eligibility to assets issued and settled entirely on DLT networks.

The European Central Bank (ECB) has announced that the Eurosystem has revised its cyber resilience strategy to further address evolving cyber threats. The revised strategy now incorporates additional entities in addition to financial market infrastructures (FMIs).

CASE HUB ARCHIVED–this archived case hub reflects the position at the date of the decision of 9 January 2015; it is no longer maintained. See further, timeline, commentary and related cases. Note–a subsequent appeal was lodged at the Court of Appeal–see SCOP v CMA and DFDS (Court of Appeal) Case facts Outline Second appeals by Eurotunnel and Société Coopérative de Production SeaFrance in relation to the completed acquisition by Eurotunnel of SeaFrance assets—these appeals are against the CMA’s decision in the Eurotunnel/SeaFrance remittal investigation confirming it does have jurisdiction and again banning Eurotunnel from operating ferries from Dover. The CAT handed down its judgment and dismissed the appeals on 09/01/2015. Parties Groupe Eurotunnel, the Channel Tunnel operator who acquired three SeaFrance ferries and other assets and now operates them between Dover and Calais under the MyFerryLink brand. Société Coopérative de Production SeaFrance (SCOP). SCOP is the workers' co-operative of former SeaFrance employees who operate the MyFerryLink ferries for Eurotunnel and act as sales and marketing agent, while Eurotunnel accept the

CASE HUB ARCHIVED—this archived case hub reflects the position at the date of the judgment of 4 December 2013; it is no longer maintained. See further, timeline, commentary and related/relevant cases. Note–the case was remitted back to the CC/CMA–see Eurotunnel/SeaFrance (remittal investigation). Case facts Outline First appeals by Eurotunnel and Société Coopérative de Production SeaFrance against the Competition Commission’s decision prohibiting the completed acquisition by Eurotunnel of SeaFrance assets Parties Groupe Eurotunnel, the Channel Tunnel operator who acquired three SeaFrance ferries and other assets and now operates them between Dover and Calais under the MyFerryLink brand Société Coopérative de Production SeaFrance (SCOP). SCOP is the workers' co-operative of former SeaFrance employees who operate the MyFerryLink ferries for Eurotunnel and act as sales and marketing agent whilst Eurotunnel accept the commercial risk Competition Commission Market(s) Transportation of freight and passengers across the 'short sea' part of the English Channel. This covers all routes from Newhaven to Dieppe in the west to Ramsgate to Ostend in the east, including the Channel

CASE HUB (note–appealed in Eurotunnel and Société Coopérative de Production SeaFrance v CMA (2)) ARCHIVED–this archived case hub reflects the position at the date of the decision of 27 June 2014; it is no longer maintained. See further, timeline, commentary and related cases. Case facts Outline UK merger investigation into the acquisition by Eurotunnel of ferries and other assets of SeaFrance (including the remittal investigation looking, in particular, at the question of jurisdiction following the first CAT appeals). Latest developments On 22 and 24 July 2014 respectively, Eurotunnel and SCOP lodged appeals with the CAT against the CMA's decision in the remittal investigation (see Eurotunnel and Société Coopérative de Production SeaFrance v CMA (2)). The appeals were dismissed by the CAT in its judgment of 9 January 2015. On 27 June 2014, the CMA published its final decision. It confirmed that it did have jurisdiction to investigate the transaction as the assets acquired by Eurotunnel/SCOP did amount to an enterprise. It also confirmed that there hadn't been a material change of circumstances since the first decision in June