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Image header Agence Europe
Europe Daily Bulletin No. 11685
Contents Publication in full By article 3 / 43
ECONOMY - FINANCE - BUSINESS / Finance

Securitisation – European Parliament sets risk retention threshold at 10%

The Parliament took its time, but it managed, on Thursday 8 December, officially to agree on the proposed regulation of the Commission aiming to revitalise the European securitisation market (see EUROPE 11387). The Council has been waiting for it to do so for a year (see EUROPE 11445).

Securitisation is a technique that allows banks to convert the loans it grants (mortgages, consumer loans) into financial securities in order to resell them on the markets. Although it has been accused of...

Contents

BEACONS
BEACONS: Time to listen to new civil society, not (overly) to public opinion (I)  
ECONOMY - FINANCE - BUSINESS
ECB: Highly accommodative monetary policy is here to stay, says Draghi
FINANCE: Securitisation – European Parliament sets risk retention threshold at 10%
FINANCE: Interinstitutional agreement on revision of 'prospectuses' directive
TAXATION: Group that owns high-street chain Zara under fire over tax practices
ENTERPRISE: Interinstitutional agreement on changes to shareholder rights directive
SECTORAL POLICIES
JHA: Agreement on suspension of visa-free travel paves way for lifting of visas for Georgians and Ukrainians
JHA: Commission advocates 'gradual' resumption of asylum seeker transfers to Greece under Dublin system
JHA: Commission adopts action plan on tackling fraudulent travel documents
JHA: European prosecutor's office, enhanced cooperation option looms large
JHA: Between legislative initiative or other actions, still no clear orientation on encryption
DIGITAL: Another attempt made on fair use policy for roaming
HEALTH: Commission looking to force matters on endocrine disruptors before end of year
TRANSPORT: Commission withdraws Kazakhstan airline companies from blacklist
FISHERIES: Ministers expected to set 2017 catch limits on 13 December
AGRICULTURE: Food chain and organic farming on agenda for Monday's Council
AGRICULTURE: Committee of Regions calls for action on price volatility
ENERGY: Commission hails swift agreement on IGA transparency revision
BIODIVERSITY: LIFE pilot project to involve young volunteers in Natura 2000
SOCIAL AFFAIRS
SOCIAL: Opposition at Council to revision of rules on posting of workers persists but seems to be crumbling
BREACHES OF EU LAW
ENVIRONMENT: Italy threatened with heavy fines for failure to treat waste waters appropriately
INDUSTRY: Volkswagen scandal, Commission sends seven member states to court
BIODIVERSITY: France taken to Court of Justice over ortolan bunting poaching
TAXATION: Corporate taxation – France back before Court
ENERGY: Hungary warned about failture to implement two energy directives from third liberalisation package
EXTERNAL ACTION
CANADA: European Parliament's employment and social affairs committee advocates non-ratification of CETA
CAMBODIA: EU and OECD action for more sustainable trade in clothes and shoes
TURKEY:  Agreement with EU has slowed migration flows, but returns of migrants from Greece remain limited
MEDITERRANEAN: Both shores want their security cooperation strengthened
MAGHREB: Lack of integration costs each country 2 to 3% of its GDP every year
ISRAEL: EU warns against adoption of law legalising settlements and outposts
INSTITUTIONAL
BUDGET: Italy maintains its reservation on revision of multi-annual financial framework of EU
NEWS BRIEFS
TRADE: Entry into force of WTO agreement on trade facilitation
CONSUMERS: Commission says member states must face up to responsibilities on connected toys
CULTURE: Javier Cercas and Erri De Luca 2016 winners of European Union Prize for Literature
ENVIRONMENT: New NEC directive on air pollution adopted
FINANCE: Formal adoption of revised 'pension funds' directive
FINANCE: Formal approval of postponement of entry into force of 'Priips' regulation until January 2018
JHA: 8,162 people relocated from Greece and Italy since September 2015
JORDAN: Council adopts decision for macro-financial aid worth €200 million
RUSSIA/UKRAINE: Trilateral talks in Brussels on gas supplies to Ukraine
TRANSPORT: MEPs request Parliament debate draft German road tariff law
TRANSPORT: EPP launches campaign to support its InterRail project for young people