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Europe Daily Bulletin No. 13076

3 December 2022
Contents Publication in full By article 26 / 38
ECONOMY - FINANCE - BUSINESS / Finance
ESMA updates its guidelines on stress tests for money market funds
Brussels, 02/12/2022 (Agence Europe)

The European Securities and Markets Authority (ESMA) published, on Wednesday 30 November, the Final Report on the 2022 update of guidelines on money market funds stress tests under the Money Market Funds Regulation (MMFR).

This update comes against the backdrop of the resurgence of the Covid-19 pandemic, compounded with ‘zero Covid’ policies in some regions, uncertainty about the economic consequences of Russia’s invasion of Ukraine and geopolitical tensions.

The calibration takes...

Contents

SECTORAL POLICIES
ENERGY: Czech Presidency of EU Council proposes to slightly relax conditions for activating gas price capping
ENERGY: Czech Presidency of EU Council confirms its proposal to set a 40% target for renewable energy by 2030
CONSUMERS: Czech Presidency of EU Council and European Parliament seal political agreement on consumer credit agreements in digital age
SPACE: EU countries reiterate need to speed up exploitation of space data
RESEARCH: Czech Presidency completes its work with adoption of three texts to maximise impact of European efforts in research and innovation
ENVIRONMENT: European Parliament and EU Council negotiators meet on Monday to seal a deal on ‘fight against imported deforestation’ Regulation
HEALTH: Commission expected to submit its proposal on general EU legislation on medicines in first half of 2023
AGRICULTURE: European Commission approves ‘CAP strategic plans’ for Italy and Cyprus
FISHERIES: European Commission has adopted four national programmes implementing EMFAF 2021-2027
TRANSPORT: EU Council adopts conclusions to make tourism sector more environmentally friendly and resilient
TRANSPORT: TEN-T, Ukraine and NAIADES III on agenda for transport ministers on 5 December
TRANSPORT: European Commission validates French measure to ban certain domestic flights when rail alternatives exist
DIGITAL: EU Ministers will seek to agree on their position on AI and European Digital Identity Portfolio on 6 December
MIGRATION: draft reports on ‘single work and residence permit’ and ‘long-term status of third-country nationals’ welcomed in European Parliament committee
INTERNAL MARKET: European Commission wants to tackle barriers to packaging and border services
INTERNAL MARKET: Ukraine, Georgia and Moldova join European standardisation system
REGIONS: plenary session of European Committee of Regions shaped by youth and need to support regions in face of crises
Russian invasion of Ukraine
ECONOMY/ENERGY: EU Member States agree to cap Russian oil at $60 per barrel
UKRAINE: Mr Borrell calls for more to be done to help country
CSDP: EU has started training 1,100 Ukrainian soldiers
JUSTICE: European Commission presents directive to harmonise criminal legal response to violations of EU sanctions
EXTERNAL ACTION
UNITED STATES: EU-US Trade and Technology Council meets on 5 December amid high expectations
WESTERN BALKANS: Várhelyi calls on Serbia to attend summit
ECONOMY - FINANCE - BUSINESS
ECOFIN: protection of EU budget in Hungary, reform of Stability Pact and energy taxation on agenda of EU finance ministers
FINANCE: MEPs disagree on details of ESAP
FINANCE: ESMA updates its guidelines on stress tests for money market funds
INSTITUTIONAL
FUTURE OF EU: no vote expected in EU Council before spring 2023 on launching a Convention, says Mikuláš Bek
COUNCIL OF EUROPE
COUNCIL OF EUROPE: towards a substantial increase in capital of Development Bank, particularly for reconstruction of Ukraine
NEWS BRIEFS
HOME AFFAIRS: Committee on Civil Liberties MEPs adopt new rules for future European Drugs Agency
AGRICULTURE: geographical indications, European Committee of Regions welcomes new tasks entrusted to EUIPO
AGRICULTURE: European Commission proposes labelling rules for organic dog and cat food
CANADA: German Bundestag approves CETA
CLIMATE: methane emissions in EU have fallen by 36% compared to 1990
COHESION: €623 million for just transition in the Netherlands, announces European Commission
COHESION: four Interreg programmes including Ukraine and Moldova approved by European Commission
ENERGY: EU and Japan pledge to strengthen cooperation on hydrogen
ENVIRONMENT: 326 NGOs and trade unions urge European Commission to keep its promise to ban EU exports of banned pesticides
INTELLECTUAL PROPERTY: European Commission has presented new EU rules on industrial designs