banks EU

Banking Package 2021: new EU rules to strengthen banks’ resilience and better prepare for the future

Banking Package 2021 (PDF)

The European Commission has today adopted a review of EU banking rules (the Capital Requirements Regulation and the Capital Requirements Directive). These new rules will ensure that EU banks become more resilient to potential future economic shocks, while contributing to Europe’s recovery from the COVID-19 pandemic and the transition to climate neutrality.

Today’s package finalises the implementation of the Basel III agreement in the EU. This agreement was reached by the EU and its G20 partners in the Basel Committee on Banking Supervision to make banks more resilient to possible economic shocks. Today’s proposals mark the final step in this reform of banking rules.

The review consists of the following legislative elements:


EU Council adopts blue card directive to attract highly-qualified workers

Directive on the conditions of entry and residence of third-country nationals for the purpose of highly qualified employment (PDF)

The Council has adopted a directive establishing the entry and residence conditions for highly-qualified non-EU nationals coming to live and work in the EU (the blue card directive). This EU-wide admission system aims to attract and retain highly-qualified workers, particularly in sectors facing skills shortages.

The new rules, which will replace the existing ones, further harmonise the conditions of entry and residence for highly-qualified workers and increase the attractiveness of the EU blue card. In particular, they establish more inclusive admission criteria, facilitate intra-EU mobility and family reunification, simplify procedures for recognised employers, grant a very high level of access to the labour market and extend the scope to include non-EU family members of EU citizens and beneficiaries of international protection.

EU students

Students abroad in the EU: residence rights

Students – residence rights

You have the right to live in the EU country where you are studying for the duration of your studies if you:

  • are enrolled in an approved educational establishment
  • have sufficient income, from any source, to live without needing income support
  • have comprehensive health insurance cover there.
    National authorities may not require your income to be above the level that would qualify you for basic income support.

You could lose your right to stay in the country if you finish your studies and cannot prove you are working or have sufficient resources to support yourself.