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Europe Daily Bulletin No. 12855

17 December 2021
Contents Publication in full By article 24 / 36
ECONOMY - FINANCE - BUSINESS / Finance
European Commission unveils new EU financial reporting strategy
Brussels, 16/12/2021 (Agence Europe)

On Wednesday 15 December, the European Commission presented a new strategy to modernise financial reporting requirements for prudential supervision.

This strategy, which contributes to the achievement of the capital markets union, is based on the following elements: (1) ensure consistent and standardised data based on common terminology and formats: the Commission will in particular decide in 2023 on the appropriateness of generalising the Legal Entity Identifier (LEI) for parties to...

Contents

EUROPEAN COUNCIL
ENERGY: rising energy prices, EU Member State leaders in a deadlock
HEALTH: in response to Omicron variant, EU leaders want to accelerate “vaccination for all” and coordinate travel restrictions
UKRAINE: EU leaders threaten Russia with sanctions if there is further aggression against Ukraine
DEFENCE: European leaders argue for both greater EU autonomy and cooperation with NATO
MIGRATION: Member States call for more results regarding returns of migrants to countries of origin and transit
EMU: euro area countries take pulse of macroeconomic situation
EU INSTITUTIONS: signing of interinstitutional declaration on EU legislative priorities for 2022
EU RESPONSE TO COVID-19
ECB: Monetary Institute sets end of March 2022 as end of PEPP programme created to tackle Covid-19 pandemic
TRANSPORT: European Commission extends slot relief rules for airlines
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: European Parliament and EU Council reach “surprise” political agreement on social security coordination regulation
EMPLOYMENT: European Parliament and EU Council reached a provisional agreement on 4th revision of Directive on protection at work from carcinogens or mutagens
EXTERNAL ACTION
EASTERN PARTNERSHIP: EU stands by partner countries
TRADE: public procurement instrument, co-legislators want to reach agreement by next spring
EUROPEAN PARLIAMENT PLENARY
UKRAINE: European Parliament condemns Russian military build-up on border
WESTERN BALKANS: European Parliament calls for efforts to fight organised crime
SLOVENIA: European Parliament still concerned about state of rule of law in Slovenia
MIGRATION: migrants at Belarusian border—MEPs reiterate their concerns about exceptional measures granted to Poland, Lithuania, and Latvia
HUMANITARIAN AID: a strong and flexible humanitarian budget, a priority of European Parliament for future EU humanitarian action
TRADE: MEPs call for strengthening of Kimberley Process for diamond certification
NICARAGUA: European Parliament urges EU to directly sanction Daniel Ortega
EMPLOYMENT: European Parliament calls for a framework Directive to strengthen workers’ information and consultation rights
ENERGY: European Parliament adopts recommendations on implementation of Energy Performance of Buildings Directive
ANIMAL HEALTH: MEPs call for EU-wide ban on use of wild animals in circuses
ECONOMY - FINANCE - BUSINESS
FINANCE: European Commission unveils new EU financial reporting strategy
COURT OF JUSTICE OF THE EU
STATE AID: decision holding that tax ruling granted to Fiat by Luxembourg was illegal should be annulled, according to Advocate General of Court of Justice
SECTORAL POLICIES
AGRICULTURE: €185.9 million for promotion of EU agri-food products in 2022
ENVIRONMENT: EU Member States’ progress towards achieving good water status by 2027 is still too slow, says Commission
ENERGY: second part of European Commission’s ‘Fit for 55’ package receives a mixed reception
COUNCIL OF EUROPE
FUNDAMENTAL RIGHTS: with EU and Council of Europe support, Tunisia launches national mechanism to protect human trafficking victims
NEWS BRIEFS
AGRICULTURE: administrative burden limits efficiency of CAP support in rural areas, according to a European Commission evaluation
BIODIVERSITY: European Commission adopts new rules ending most ivory trade in EU
CHINA: European Commission imposes definitive anti-dumping duty on Chinese steel wind towers
CLIMATE: EU has mobilised funds totalling around €900 million in first year of operation of ‘Modernisation Fund’
CLIMATE: European Commission consults on changes to emission monitoring and reporting rules
SOCIAL/CLIMATE: European Parliament’s negotiation schedule on Social Climate Fund specified
TRANSPORT: European Commission consults to start work on strategy for green and efficient mobility