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Europe Daily Bulletin No. 11908

21 November 2017
Contents Publication in full By article 21 / 34
ECONOMY - FINANCE - BUSINESS / Finance
ESMA tightens up endorsement procedure for credit rating agencies outside EU
Brussels, 20/11/2017 (Agence Europe)

On Friday 17 November, the European Securities and Markets Authority (ESMA) made changes to its guidelines on the application of the endorsement procedure for ratings issued outside the EU by European credit ratings agencies (CRA), which are agencies that issue independent opinions on the credit quality of an entity, debt, financial obligation or financial instrument.

Readers may recall that the endorsement procedure allows ratings issued outside the EU by a third-country CRA to be used in...

Contents

INSTITUTIONAL
BREXIT: Amsterdam inherits European Medicines Agency and Paris gets European Banking Authority
BUDGET: 2018 EU budget in detail
GERMANY: Commission confident in German authorities' ability to form stable government
POLAND: Tusk says policy of ruling PiS is being dictated by Moscow
SOCIAL AFFAIRS - EDUCATION
EDUCATION: Council decides its position on European Solidarity Corps
GENDER EQUALITY: Jourová tackles gender wage gap which remains at average 16.3% in EU
SOCIAL: Mr Rolin proposes addition of diesel exhaust gases to directive on carcinogenic and mutagenic agents
SOCIAL: Commission launches second cycle of talks with social partners on access to social protection
SECTORAL POLICIES
ENVIRONMENT: Stop glyphosate ECI representatives press Commission to follow Parliament example
AGRICULTURE: Draft communication on future of CAP progressing before presentation on 29 November
AGRICULTURE: Member states give green light to revision of organic farming legislation
CLIMATE: COP 23 brings commendable progress but more remains to be done, says EU
DIGITAL: Council calls for assurances to be provided for implementing European cyber security strategy
JUSTICE: MEPs take stock of Council negotiations ahead of vote on reform of Brussels II regulation
ENERGY: European Parliament's Conservatives accused of jeopardising ambition of revised 'energy efficiency' directive
TRANSPORT: Commission revises rules applicable to use of non-motorised hot air balloons
TRANSPORT: Aviation unions oppose restrictions on right to strike
ECONOMY - FINANCE - BUSINESS
ECB: Completion of Banking Union must move forward in analysable and quantifiable stages, says Draghi
MONEY LAUNDERING: Continued strong opposition to transparency of trusts at Council of EU
STATE AID: Most of Greek measures in favour of Hellenic Defence Systems get green light
FINANCE: ESMA tightens up endorsement procedure for credit rating agencies outside EU
BANKS: EBA publishes its final methodology for 2018 'stress tests'
EXTERNAL ACTION
UKRAINE: Council extends EUAM mandate until May 2019
BURMA/MYANMAR: Federica Mogherini calls for agreement on repatriation of refugees
KAZAKHSTAN: EU works on technical level to strengthen trade cooperation with Astana
NEWS BRIEFS
STATE AID: Green light to German support scheme for solar panels on residential buildings
STATE AID: Green light to extending two French measures for audiovisual production
CAMBODIA: Federica Mogherini reiterates EU trade preferences are linked to human rights
CATALONIA: Juncker refers to his friendship with Rajoy again and blames Puigdemont
FINANCE: New European securitisation rules definitively adopted
JUSTICE: EU begins discussions with South Korea to reach agreement on data protection in 2018
CSDP: Atalanta operation apprehends six suspected pirates and seizes their vessels
TERRORISM: Final adoption of entry-exit system by EU Council
WEEKLY SUPPLEMENT
European Library: N. 1200