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Image header Agence Europe
Europe Daily Bulletin No. 12148
Contents Publication in full By article 13 / 37
ECONOMY - FINANCE - BUSINESS / Finances

Green light from Member States to pan-European framework for covered bonds

Member States' ambassadors to the EU (Coreper) reached a political agreement in principle on Wednesday 28 November on the proposal to create a European label for covered bonds (see EUROPE 11979). 

As a reminder, a covered bond is a debt issued by a credit institution and guaranteed by a separate pool of hedging assets to which investors have a preferential claim in case of failure of the issuer. 

Overall, the Council's position reflects the main elements of the Commission's proposal,...

Contents

SECTORAL POLICIES
CLIMATE: Commission is paving way for a future strategy to decarbonise European economy by 2050
FISHERIES: political agreement between Council and European Parliament on management plan for stocks in Western Waters
AGRICULTURE: Commission reimburses farmers for €444 million from crisis reserve
DIGITAL ECONOMY: fifth negotiating session between European Parliament and European Council will be necessary on cybersecurity
DIGITAL: Towards agreement in Council on Digital Europe programme on Tuesday 4 December
DIGITAL: SatCab, co-legislators meet in December
COMPETITIVENESS: intense debates expected on Horizon Europe at Council
INDUSTRY: Member States expect Commission to make recommendations on restrictive measures on diesel vehicles
TRANSPORT: ‘mobility’ package I, Austrian Council Presidency does not envisage any major changes ahead of ministerial meeting
TRANSPORT: ministers will approve a progress report on public procurement of clean vehicles on December 3
TRANSPORT: ball is in court of future Romanian Presidency of Council for completion of Trans-European Transport Network
ECONOMY - FINANCE - BUSINESS
TAXATION: political declaration or binding agreement, there is uncertainty about 'digital taxation' directive before ministerial meeting
FINANCES: green light from Member States to pan-European framework for covered bonds
BANKS: continuous reduction of financial risks makes it possible to make progress on risk sharing, stresses Commission
ECONOMY: disagreements in European Parliament on European Investment Stabilisation Function
EXTERNAL ACTION
AFGHANISTAN: EU announces a further 474 million euros in aid and proposes to support peace process
YEMEN: it is high time to press for an end to war, urges EU
FYROM: S&D and Greens/EFA groups would like European Parliament to decide on Mr Gruevski's case
WESTERN BALKANS: journalists from region call on EU to act for press freedom
TRADE: extra-European exports would support 36 million jobs
INSTITUTIONAL
FUTURE OF EU: Lars Løkke Rasmussen advocates total decarbonisation of Danish economy by 2050
POLAND: Warsaw questioned again on Tuesday 11 December by its peers on respect for rule of law
INSTITUTIONAL: Commission proposes to reduce composition of Committee of Regions and European Economic and Social Committee to 329 members
CITIZENSHIP: European Parliament/Council political agreement expected on reform of European Citizens' Initiative
SOCIAL AFFAIRS
SOCIAL: social security' regulation, EPP Group in European Parliament challenges negotiating mandate granted to Mr Balas
COURT OF JUSTICE OF THE EU
PARLIAMENT: fake employment of parliamentary assistant, Court dismisses Ms Le Pen's action
NEWS BRIEFS
AGRICULTURE: agreement on a seven-year extension of copper authorisation to viticulture
TRADE: European Parliament/Council political agreement on horizontal safeguard measures in EU trade agreements
COMPETITION: green light for acquisition of Tele2 NL by T-Mobile NL
CULTURE: Council's progress report on Creative Europe programme is available
JUSTICE: new Commission guidelines to improve combat of racism and xenophobia
ITALY: member States' experts will discuss trajectory of Italian debt on Thursday 29 November
KUWAIT: EU and Kuwait want to strengthen their cooperation
WTO: agreement in principle on post-Brexit accession of United Kingdom to Agreement on Government Procurement
SOCIAL: Romanian Finance Minister wants to limit work permits of Romanian nationals working in another Member State
TRANSPORT: trade unions and shipowners want to boost women’s employment in maritime transport
CORRIGENDUM
EDUCATION: correction concerning Member States' positions on post-2020 Erasmus programme