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Image header Agence Europe
Europe Daily Bulletin No. 12576
Contents Publication in full By article 38 / 39
NEWS BRIEFS / Finance

EU Council adopts its position on replacement of critically important benchmarks that are due to disappear

07/10/2020 (Agence Europe) – As announced (see EUROPE B12575A7), the ambassadors of the Member States to the EU (Coreper) approved, on Wednesday 7 October, the negotiating mandate of the EU Council on the proposal to amend the European regulation to grant the European Commission the power to designate, by means of an implementing act, a substitute index for a widely used and discontinued financial benchmark - such as LIBOR - in order to avoid disruption of the financial markets (see...

Contents

EUROPEAN PARLIAMENT PLENARY
CLIMATE: Under ‘Climate Law’, European Parliament approves target of a 60% reduction in EU emissions by 2030
FINANCE: ‘Wirecard’ scandal highlights need for a single supervisor, say MEPs
RULE OF LAW: European Parliament confirms its desire for an annual cycle of monitoring Rule of law with concrete recommendations and objectives
NAGORNO-KARABAKH: MEPs call for an immediate ceasefire
VENEZUELA: ‘Spain vs Spain’ controversy in European Parliament on role of EU in search for a solution to political crisis
REGIONS: European Parliament gives green light to reduced tax rate on “traditional” rum from four French outermost regions
EUROPEAN COMMISSION : Valdis Dombrovskis is new EU Trade Commissioner
EUROPEAN COMMISSION : European Parliament approves appointment of Mairead McGuinness as Commissioner
SECTORAL POLICIES
FUNDAMENTAL RIGHTS: inclusion of Romani, Commission presents a new draft recommendation without binding targets
GENDER EQUALITY: postponement of publication of draft Directive on wage transparency worries European trade unions
JUSTICE: digitisation of judicial systems, child sexual abuse and antisemitism on agenda of Justice Ministers
HOME AFFAIRS: 8 October sees long-awaited first ministerial exchange on Pact on Migration and Asylum
DIGITAL: online services, Commission confirms its intention to leave limited liability untouched
DIGITAL: conclusions link digitalisation and environmental protection in preparation for EU Council
DIGITAL: Commission harmonises 5.9 GHz band to facilitate deployment of intelligent transport
ENERGY: Peter Altmaier underlines key role of energy sector in ending contradiction between economic and climate objectives
AGRICULTURE: strong French commitment to obtain maintenance of European POSEI funds
CIVIL PROTECTION: EU council formalises negotiating mandate for financing of more effective EU response to major disasters
EXTERNAL ACTION
UNITED KINGDOM: status quo stands on main points of divergence between London and EU
UNITED STATES: Sonny Perdue, impact of EU’s ‘Farm to Fork’ strategy on transatlantic trade will be “extremely problematic”
TRADE: new anti-dumping duties on steel imports from Indonesia, China and Taiwan
UKRAINE: Ukraine and EU underline importance of their partnership
CYPRUS: EU condemns unilateral opening of Varosha
MALI: EU welcomes inauguration of a new transitional government as a step towards civilian transition
AFRICA: EESC calls for an EU/Africa partnership based on human rights and more balanced relations
ACP: post-Cotonou agreement, Co-chairs of ACP/EU Joint Parliamentary Assembly pressing for continuation of assembly
INSTITUTIONAL
FUTURE OF EU: European Parliament will refuse to allow EU Council to solely determine Presidency of Conference on Future of Europe, says Pascal Durand
TRANSPARENCY: negotiators from EU institutions note progress on transparency register
ECONOMY - FINANCE
COMPETITION: Commission accepts Broadcom’s commitments relating to modem and television set-top box chipset markets
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: EU Council gives go-ahead to Interinstitutional Agreement to extend network of public employment services
SOCIAL: Almost 40 MEPs demand explanation from Amazon regarding its anti-union policy
EU RESPONSE TO COVID-19
SOCIAL: European Commission starts issuing bonds for SURE instrument
HOME AFFAIRS : German Presidency of the EU Council aims for ministerial agreement on 13 October over coordination of national measures
COUNCIL OF EUROPE
ANTISEMITISM: Council of Europe appoints a Special Representative on Antisemitic and Anti-Muslim Hatred and Hate Crimes
NAGORNO-KARABAKH: European Court of Human Rights, referred to by Armenia, calls on Turkey to refrain from any act derogating from the Convention
NEWS BRIEFS
BELARUS: 25 MEPs call on security forces to side with people
DEFENCE: EU-Japan joint exercise in Gulf of Aden
FINANCE: EU Council adopts its position on replacement of critically important benchmarks that are due to disappear
RUSSIA: Navalny case, Germany and France to propose sanctions