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Bangladesh under Fire: A Call for Justice and Accountability

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Recent developments in Bangladesh have raised significant alarm within the international community, particularly regarding the announcement of a controversial “shoot on sight” policy. As violence escalates, the High Representative’s statement during the ASEAN Regional Forum Ministerial Meeting sheds light on the urgent need for accountability and justice. This blog post examines the troubling situation in Bangladesh, the implications for human rights, and the necessary steps toward restoring peace and order.

A Growing Concern: Shoot on Sight Policy

The alarm bells began ringing on July 27, 2024, when the High Representative conveyed serious concerns to Dr. A.K. Abdul Momen, Bangladesh’s former Foreign Minister, regarding the government’s newly declared “shoot on sight” policy. This directive, coupled with the unlawful killings reported in recent days, has sparked widespread condemnation and fear among citizens and international observers alike.

The repercussions of such a policy are both immediate and profound, threatening to erode trust in law enforcement and escalating an already volatile situation. The potential for human rights abuses is alarmingly high, and the High Representative’s statement reflects a strong stance against the government’s actions, underscoring the need for restraint and adherence to human rights standards.

Rising Violence and Accountability Demands

The situation in Bangladesh is exacerbated by reported violence, including attacks on law enforcement officers, torture, mass arrests, and widespread damage to property. These acts not only disrupt societal harmony but also propel the nation into a spiral of fear and distrust. The High Representative has called for thorough investigations into these acts, stressing that those responsible must be held accountable.

Accountability is vital in restoring public faith in the justice system. The need for an impartial investigation into these unlawful killings and violent acts cannot be overstated. Importantly, all individuals arrested must receive their due process, reflecting fundamental democratic principles and respect for human rights.

Protecting the Innocent: A Human Rights Crisis

Amidst the turmoil, it is crucial to highlight the indiscriminate nature of the violence that has swept across Bangladesh. Reports indicate that protesters, journalists, and even children have not been spared from excessive and lethal force employed by law enforcement. Such disproportionate responses are not only a blatant violation of human rights but also a significant threat to individual freedoms and civil liberties.

The High Representative’s statement underscores an essential truth: protection of the innocent should be paramount. The international community must stand in solidarity with the victims and advocate for a framework that prioritizes human rights, allowing Bangladesh to emerge from this crisis with renewed commitment to justice and equality.

The Path Forward: EU-Bangladesh Relations

As the High Representative pointed out, the developments in Bangladesh will be closely monitored, taking into consideration the fundamentals of EU-Bangladesh relations. The European Union has historically engaged with Bangladesh to promote sustainable development, human rights, and stability. However, these recent actions pose a significant challenge to the integrity of that relationship.

Moving forward, it is crucial for the Bangladeshi authorities to realign their approach, emphasizing respect for human rights and the rule of law. The EU is in a unique position to facilitate dialogue and encourage reforms that can enable Bangladesh to navigate this crisis while maintaining its commitment to human rights.

A Hope for Justice

The unfolding events in Bangladesh are a stark reminder of the delicate balance between governance and human rights. The High Representative’s concerns encapsulate the urgent need for an end to violence, accountability for wrongful acts, and the protection of civilian lives.

As the international community watches closely, it is essential for Bangladesh to reassess its approach, ensuring that all citizens can enjoy their rights without fear of retribution. Only through genuine commitment to justice and accountability can Bangladesh hope to restore public trust and pave the way for a peaceful and prosperous future. The world stands ready to support this journey towards achieving true justice and respect for human rights for all Bangladeshi citizens.

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President Costa to travel to Paris, Strasbourg, and Samarkand (31 March – 4 April)

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ECCC to finance EUR 390 million in cybersecurity projects under Digital Europe Programme for 2025-2027

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Priorities for investment range from new technologies for cybersecurity, including on AI and post-quantum transition, to actions for improving EU cyber resilience and supporting SMEs.

The adoption of the DEP WP 2025-2027 constitutes a fundamental instrument for the implementation and advancement of the mission of the ECCC. The Centre aims to pool investment in cybersecurity research, technology, and industrial development, and ensure the efficient implementation of projects and initiatives in coordination with the Network of National Coordination Centres (NCCs).

During 2025-2027, the ECCC will continue to finance uptake and deployment actions in cybersecurity by the means of calls for proposals. The programme is structured as follows:

New technologies, AI and post-quantum transition

Dedicated actions will support entities in developing and deploying systems and tools for cybersecurity based on AI (including GenAI based technologies), reliable, secure and resilient AI models and algorithms or build the European testing infrastructure for the post quantum transition.

These enabling technologies should allow more effective creation and analysis of Cyber Threat Intelligence (CTI), automation of large-scale processes, as well as faster and scalable processing of CTI and identification of patterns that allow for rapid detection and decision making.

It will also include actions aimed at improving industrial and market readiness for the cybersecurity requirements for SMEs as specified in relevant EU cybersecurity legislation and  to ensure the development and use of more secure hardware and software products.

Cyber Solidarity Act Implementation

The ECCC will contribute to the creation of the European Cybersecurity Alert System (ECAS) foreseen in the Cyber Solidarity Act, to build and enhance coordinated detection and common situational awareness capabilities at European level. In this regard, a pan-European network of national and cross-border Cyber Hubs will be established. The ECCC will support preparedness activities, part of the Cybersecurity Emergency Mechanism and the mutual assistance mechanisms foreseen in the Cyber Solidarity Act.

Additional actions improving EU cyber resilience

The ECCC will support the integration of relevant cybersecurity requirements deriving from several regulations and directives: NIS 2 directive, Cyber Resilience Act, CSA, DORA, GDPR, AI Act as required. It will contribute to the EC priorities, including to support the cybersecurity of hospitals and healthcare providers in alignment with the Action Plan. In addition, it is envisaged to provide support to improve the resilience and security of the infrastructure critical for global communications and solutions to cover the surveillance and protection of critical undersea infrastructure, such as submarine cables, as well as the detection of malicious activities around them.

ECCC Executive Director Luca Tagliaretti said: “The first ECCC Cybersecurity Work Programme is an important milestone in our establishment as key player in the EU cybersecurity landscape. The funding available will support innovation and deployment of technologies in Europe and contribute to the common goal of building a cyber resilient EU.”

Background

The ECCC implements the ‘Specific Objective 3: Cybersecurity and Trust’ from the DEP Regulation (EU) 2021/694. This is the first DEP Work Programme developed by ECCC following its financial autonomy reached in 2024. The Cybersecurity WP is meant to complement the main DEP WP and was written in close consultation with the ECCC Governing Board and the European Commission.

This document includes inputs from the ECCC strategic agenda and considers all the legal obligations stemming from the ECCC regulation, DEP regulation, Cyber Solidarity act, while supporting the implementation of other key legislative files including the Cyber Resilience Act, the Cybersecurity Act and NIS 2 Directive.

For more information: Digital Europe Cybersecurity Work Programme 2025-2027

Contact for media: communicationeccc [dot] europa [dot] eu (communication[at]eccc[dot]europa[dot]eu)

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EIOPA proposes one-to-one capital requirements for EU insurers’ crypto asset holdings

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The European Insurance and Occupational Pensions Authority (EIOPA) published today its technical advice to the European Commission, recommending that a one-to-one capital requirement be applied consistently to all crypto holdings of EU (re)insurers. EIOPA considers a 100% haircut in the standard formula prudent and appropriate for these assets in view of their inherent risks and high volatility.

Crypto assets are a relatively new assets class in finance and their regulatory treatment is still evolving. While the Capital Requirements Regulation (CRR) and the Markets in Crypto-Assets Regulation (MiCAR) include transitional prudential measures for crypto assets, the EU’s regulatory framework for (re)insurers so far has lacked specific provisions on crypto assets. As a result, (re)insurers currently classify their crypto assets without a consistent approach. This raises concerns about the risk sensitivity of these practices and the level of prudence associated with them.

EIOPA’s empirical analysis of historical crypto asset data suggests that current capital weight options – such as the 80% stress level applied to intangible assets – in fact underestimate the risks associated with crypto exposures.

Policy proposal

To promote a harmonized, prudent and proportionate treatment of crypto assets, EIOPA is proposing the introduction of a blanket 100% capital requirement across all crypto holdings, regardless of their balance sheet treatment or whether the exposure is direct or indirect.

The uniform treatment EIOPA proposes would adequately reflect the high risks associated with crypto investments without creating unnecessary complexity or imposing additional reporting requirements on (re)insurers at a time when their investments in crypto assets are still modest in size.

A possible broader adoption of crypto assets may, however, require a more differentiated approach down the line. The treatment of crypto holdings under Solvency II should therefore be reviewed in the future in light of market developments and regulatory approaches in other sectors.

Read the Technical Advice

Background and next steps

This publication comes in response to the European Commission’s Call for Advice and follows a public consultation on the topic with stakeholders. The Commission will now consider EIOPA’s technical advice in the review of level 2 provisions of Solvency II.

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