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Europe Daily Bulletin No. 12594

4 November 2020
Contents Publication in full By article 5 / 33
ECONOMY - FINANCE - BUSINESS / Finance
ESMA concludes that German supervision failed in Wirecard scandal
Brussels, 03/11/2020 (Agence Europe)

The European Securities and Markets Authority (ESMA) on Tuesday 3 November unveiled the results of its peer review of what went wrong in the accounting scandal involving the German payment service provider ‘Wirecard’ (see EUROPE B12512A15). It concludes that there are a series of “deficiencies, inefficiencies and legal and procedural obstacles” in German supervision.

It was the European Commission that asked ESMA at the end of June to conduct a preliminary investigation into the...

Contents

EU RESPONSE TO COVID-19
ECONOMY: Europe is now better equipped to weather economic fallout, says Eurogroup
BUDGET: EU institutions hope to conclude negotiations on post-2020 MFF and Recovery Plan on Monday 9 November 
EUROPEAN COUNCIL: next videoconference of EU leaders on 19 November
MOZAMBIQUE: Commission mobilises €100 million to help Maputo deal with pandemic
ECONOMY - FINANCE - BUSINESS
FINANCE: ESMA concludes that German supervision failed in Wirecard scandal
SECTORAL POLICIES
TERRORISM: EU denounces terrorist attacks in Vienna
MIGRATION: key principles on the ‘Pact on Migration and Asylum’ submitted to the Ambassadors for EU Council meeting on 13 November
DIGITAL: procedure for seat of Competence Centre launched, with decision expected 9 December
DIGITAL: European Commission finalises its Data Governance Act
CONSUMERS: Commission closes seven out of ten infringement proceedings against Package Travel Directive
ENERGY: nearly 250 members of European and national parliaments call for removal of protection of fossil investments from Energy Charter Treaty
ENVIRONMENT : Commission publishes roadmap for new EU Forest Strategy
AGRICULTURE: European Commission launches consultation on delegated act on organic seeds 
FISHERIES: infringement proceedings against Belgium and the Netherlands on catch registration
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
WOMEN: five European Parliament political groups call on Polish Prime Minister over country’s restriction on right to abortion
COUNCIL OF EUROPE
POLAND: Congress of Local and Regional Authorities of the Council of Europe is investigating situation of LGBTI+ people
UNITED KINGDOM: Council of Europe Commissioner for Human Rights calls for rejection of some of provisions of draft law on external military operations
EXTERNAL ACTION
UNITED KINGDOM: negotiations are continuing in Brussels to reach an agreement on post-Brexit relationship
TANZANIA: Europeans call for dialogue after election results announced
CÔTE D’IVOIRE: EU calls for calm and dialogue
MOLDOVA: EU calls for credible, inclusive, and transparent elections
GEORGIA: highest democratic standards must be guaranteed throughout electoral process, stresses EU
WTO: United States is blocking appointment of next Director-General of WTO
NEWS BRIEFS
FOREIGN AFFAIRS: More than 70 countries, including 25 EU Member States, denounce US sanctions against ICC
AFGHANISTAN: EU strongly condemns attack on Kabul University
CLIMATE: start of inter-institutional negotiations on revision of ‘MRV Regulation’ for ship emissions on 10 November
ENVIRONMENT: Lithuania calls on EU to react to launch of Astravets nuclear power plant in Belarus
RULE OF LAW: Hungarian government was asked to state how it intends to implement CJEU ruling on foreign universities
HONG KONG: EU to closely follow arrest of several MPs
SOCIAL: launch of a European fund for German companies tackling social and environmental problems
TRANSPORT: Commission opens public consultation on possible revision of Driving Licence Directive
CORRIGENDUM
FINANCE: European Parliament’s ECON Committee did not approve opening of negotiations with EU Council on adaptations to MiFID II Directive
Kiosk
KIOSK: No. 024