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Europe Daily Bulletin No. 12068

24 July 2018
Contents Publication in full By article 20 / 25
NEWS BRIEFS / Finance
ESMA fines five banks €2.48 million for issuing credit ratings without authorisation

23/07/2018 (Agence Europe) – The European Securities and Markets Authority (ESMA) decided on Monday 23 July to levy fines totalling €2.48 million on a Danish bank (Danske Bank) and four Swedish banks (SEB, Nordea Bank, Svenska Handelsbanken and Swedbank) for issuing credit ratings without authorisation.  Each bank is being fined €495,000 for violation of the regulation governing the modalities for issuing credit ratings in the EU, which stipulates that prior authorisation is...

Contents

SECTORAL POLICIES
DIGITAL: Technical questions about digital content are in process of being settled
DIGITAL: Common platform of web giants to facilitate portability of personal data
COMPETITIVENESS: “Bureaucracy is a danger for democracy in the long term view,” says Leitl, president of Eurochambres
FISHERIES: EU and Morocco confirm renewal of agreement which still has to be ratified
GMO: New GMOs should be seen as previous GMOs, says Rivasi
CIVIL PROTECTION: Record level of support for Sweden in combatting forest fires
TRANSPORT: Parliament's concern at Commission's lack of ambition about transport section of CEF 2021-2027
SECURITY - DEFENCE
CSDP: Member states give themselves five weeks to revise EUNAVFORMed Sophia mandate
EXTERNAL ACTION
USA: Juncker's visit to Trump to defuse transatlantic trade tension
TRADE: Relative detente between USA and G20 partners on trade dossier
MERCOSUR: Calls on sidelines of G20 finance ministers' meeting to conclude EU-Mercosur trade talks in coming months
SYRIA: Federica Mogherini hails evacuation of 800 White Helmets
DEVELOPMENT: Neven Mimica assures Greenlandic authorities of stronger EU-Greenland cooperation
ECONOMY - FINANCE - BUSINESS
G20: In Buenos Aires, Europeans defend digital taxation
MONEY-LAUNDERING: Controversy continues in Malta despite publication of report clearing M. Muscat
SOCIAL AFFAIRS
SOCIAL AFFAIRS: Member states reported to tend to favour European level for regulating digital platforms
INSTITUTIONAL
UNITED KINGDOM: May and cabinet members doing rounds of member states
SPAIN: New People's Party leader calls for European leadership on migration
NEWS BRIEFS
ALGERIA: David McAllister calls for cooperation on security to be continued
FINANCE: ESMA fines five banks €2.48 million for issuing credit ratings without authorisation
EP2019: European Parliament seeking citizens wishing to get involved in encouraging people to vote in European elections in May 2019
POLAND: Polish parliament accelerates preparations to replace head of supreme court who is being pushed out
TRANSPORT: Toll road operators against charges for external costs and congestion
TUNISIA: Jo Leinen calls for decentralisation process to be continued
TURKEY: Germany lifts its economic sanctions