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Europe Daily Bulletin No. 12224

29 March 2019
Contents Publication in full By article 23 / 28
ECONOMY - FINANCE - BUSINESS / Finance
ESMA imposes a fine of more than €5 million on credit rating agency Fitch for breaching conflicts of interest rules
Brussels, 28/03/2019 (Agence Europe)

The European Securities and Markets Authority (ESMA) imposed a total fine of €5,132,500 on three credit rating agencies belonging to the Fitch Group on Thursday, 28 March for breaching European rules aimed at avoiding conflicts of interest. 

Between June 2013 and April 2018, 20% of the British, Spanish and French subsidiaries of the Fitch group were indirectly owned by one individual shareholder - who ESMA did not name - and who was also sitting on boards of three entities being rated by...

Contents

EUROPEAN PARLIAMENT PLENARY
FINANCE: European Parliament sets out its vision of European taxonomy on sustainable finance
INDUSTRY: Dieselgate – European Parliament regrets the wait-and-see attitude of Commission and Member States
MIGRATION: European Parliament rejects Commission's plan to make 'controlled centres' eligible for European funds
JUSTICE: European Parliament validates Interinstitutional Agreement on minimum harmonisation of business insolvency frameworks
VENEZUELA: European Parliament calls for additional EU sanctions against Maduro regime
ENVIRONMENT: drinking water Directive, European Parliament adopts its official position on safe, accessible water for all in EU
ENVIRONMENT: European Parliament opposes proposed further authorisation of certain uses of DEHP phthalate and chromium trioxide
COHESION: European Parliament strengthens environmental dimension of European Regional Development Fund and 2021–2027 Cohesion Fund
BUDGET: European Parliament calls for “full transparency” on financing of European political parties
CULTURE: European Parliament calls for a substantial increase in funding for creative Europe after 2020
JHA: European Parliament confirms desire to see Kosovo accede to visa liberalisation regime
GMOs: European Parliament vetoes Monsanto's authorisation to place GMOs on market
EDUCATION: European Parliament adopts its position on terms of Erasmus programme after 2020
SECTORAL POLICIES
MIGRATION: European Border and Coast Guard Agency will have 10,000 staff in 2027
COHESION: process of allocating funds after 2020 is more transparent, but still complex, according to European Court of Auditors
DIGITAL: 112 advertising tracking companies monitor EU citizens on public sector websites
HEALTH: more than half of Member States are joining forces to buy influenza vaccines
TRANSPORT: launch of a transport security platform and a transport blending facility
FISHERIES: several Member States, including Italy, asked to ratify International Convention on Training of Ship's Personnel
EXTERNAL ACTION
TRADE: EU considers that it has won its complaint against US aid to Boeing
TRADE: trade defence policy, Commission recalls that EU is not “naïve”
INSTITUTIONAL
UNITED KINGDOM: EU forced to continue preparations for no deal in face of British impasse
ECONOMY - FINANCE - BUSINESS
FINANCE: ESMA imposes a fine of more than €5 million on credit rating agency Fitch for breaching conflicts of interest rules
COURT OF JUSTICE OF THE EU
STATE AID: annulment of Commission's decision stating that 2012 German law on renewable energy involved State aid
EU LAW: Advocate General advances a broad interpretation of a Member State's failure to comply with its obligation to notify transposition measures
COUNCIL OF EUROPE
CSDP: Council of Europe criticises reduction in naval resources for EUNAVFORMed Sophia operation
NEWS BRIEFS
DIGITAL: Huawei, a security risk detected in United Kingdom
ANIMAL HEALTH: Estonia has a good surveillance system for African swine fever