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Image header Agence Europe
Europe Daily Bulletin No. 12026
Contents Publication in full By article 3 / 39
ECONOMY - FINANCE - BUSINESS / Finance

Commission hopes to promote emergence of sovereign bond-backed securities market

On Thursday 24 May, the European Commission unveiled a proposal aiming to support the emergence of a market for sovereign bond-backed securities (SBBS) issued by Eurozone countries (see EUROPE 12022).

This proposal aims to reduce financial risks in the banking system by supporting the diversification of investments in sovereign debt instruments, explained the Commissioner for Financial Services, Valdis Dombrovskis. He stressed the following clarifications: the proposal will not entail any...

Contents

BEACONS
BEACONS: When Europe is resolutely blind to the fact that it is digging its own grave... (I)
ECONOMY - FINANCE - BUSINESS
COMPETITION: Commission places several obligations on Gazprom to preserve competition on the gas market
FINANCE: Commission hopes to promote emergence of sovereign bond-backed securities market
FINANCE: Step by step, Commission completes its action plan on sustainable finance
FINANCE: Commission proposes new measures to help SME flotations
INSURANCE: Commission proposes to make it easier for road accident victims to receive compensation if insurance company becomes insolvent
ECOFIN: Political agreement hoped for at Council on 'reduction of banking risks' package
INSTITUTIONAL
FUTURE OF THE EU: Luca Jahier considers the member states to be the 'major problem' in European integration narrative
ITALY: Europeans will judge future Italian government on its acts
UNITED KINGDOM: London wants the broadest free-trade deal possible based on mutual recognition
SECTORAL POLICIES
MIGRATION: Council enters home straight in trying to reform EU asylum system by end of June
TRANSPORT: MEPs recommend moving from the vignette system to a toll system for heavy-duty vehicles and vans in 2023
TRANSPORT: MEPs back Commission proposal on interoperability of electronic toll systems
JUSTICE: European Parliament-Council agreement on stricter controls of cross-border movements of cash
INTERNAL MARKET: Political agreement between Parliament and Council on single digital gateway
REGIONS: Commission selects a number of regional and national programmes to help boost their governance and administration
AGRICULTURE: Italy still required to recover money due from milk producers
AGRICULTURE: EU needs blueprint for food and farming, according to University of Pisa study
AGRICULTURE: Direct payments should be paid only to active farmers, says EESC
CLIMATE: Citizens lodge complaint with General Court against EU 2030 target
EXTERNAL ACTION
USA: Commission ridicules Donald Trump's threat to tax car imports
RUSSIA/UKRAINE: Maroš Šefčovič urges Moscow and Kiev to resume trilateral talks on gas supply
UKRAINE: Johannes Hahn hails progress on country's decentralisation
IRAN: Supreme Leader Ali Khamenei puts pressure on Europeans
ACP: ACP group says it is determined to negotiate post-Cotonou agreement with EU as a single bloc
ACP: EU finalises draft negotiating mandate on post-Cotonou partnership
AFRICA: Africa-EU partnership grows with €400 million committed by EU to support youth
NEWS BRIEFS
AGRICULTURE: Expert group to strengthen EU-Africa agriculture partnership launched
AGRICULTURE: Most members of Parliament agriculture committee have links with industry, Greenpeace reveals
CHINA: EU calls for release of several human rights defenders
TRADE: Review of countervailing measures against imports of Indian polyethylene terephthalate
TRADE: EU anti-dumping investigation concerning imports of solar glass originating in Malaysia
YOUTH: 'DiscoverEU' website launched
JUSTICE: Postponement of LIBE committee vote on draft resolution assessing suitability of Privacy Shield
JUSTICE: European Parliament receives first written answers from Mark Zuckerberg after his hearing
DIGITAL: 'Copyright' directive, no let-up in suspense at Council
DRC: European solidarity grows to help DRC fight Ebola
TRANSPORT: Parliament ready to negotiate with Council over hire of planes and staff from non-EU companies
CORRIGENDUM
ENTERPRISE: Clarification of article on Parliament's position on European definition of SMEs