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Europe Daily Bulletin No. 13049

25 October 2022
Contents Publication in full By article 12 / 29
ECONOMY - FINANCE - BUSINESS / Finance
ESMA discusses mechanisms to limit price volatility of energy derivatives in financial markets
Brussels, 24/10/2022 (Agence Europe)

Verena Ross, Chair of the European Securities and Markets Authority (ESMA), was heard on Monday 24 October by the European Parliament Committee on Economic and Monetary Affairs (ECON). Asked by ECON Chair Irene Tignali (S&D, Italian) about the energy crisis, she reported on the current discussions within ESMA on mechanisms to stem the volatility of energy derivatives prices in financial markets.

Ms Ross said ESMA was looking at energy markets, in particular electricity. In addition to...

Contents

BEACONS
Beacons: Putin’s band of objective accomplices and allies
SECTORAL POLICIES
BIODIVERSITY: EU sets out its negotiating mandate for COP15 in Montreal for an ambitious global framework for biodiversity
ENVIRONMENT: Industrial Emissions Directive, EU27 ministers concerned about livestock sector and disappointed with postponement of REACH revision
ENVIRONMENT: EU regulation to reduce persistent organic pollutants in waste adopted
ENVIRONMENT: EU Council authorises Commission to negotiate legally binding international agreement on plastic pollution
ENVIRONMENT: almost 90% of EU citizens are concerned about impact of air pollution on health and environment, according to a Eurobarometer survey
ENERGY: methane emissions, Czech Presidency of EU Council proposes new approach to leak detection and repair
FISHERIES: Virginijus Sinkevičius suggests compromises to finalise reform of fisheries control
HEALTH: European Commission and Coalition for Epidemic Preparedness Innovations refine their cooperation
Russian invasion of Ukraine
RUSSIA: Poland and Baltic States propose additional sanctions
ECONOMY - FINANCE - BUSINESS
ECONOMY: MEPs refine position on ‘REPowerEU’ chapters of national recovery plans
FINANCE: ESMA discusses mechanisms to limit price volatility of energy derivatives in financial markets
BANKS: European banks will have to raise €1.2 billion in capital to fully comply with Basel III agreement
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
GENDER EQUALITY: Gender Equality Index 2022, limited or even declining progress
GENDER EQUALITY: third Gender Equality Week kicks off in European Parliament
EXTERNAL ACTION
AUSTRALIA: negotiations for a trade agreement with Canberra are progressing
SOCIAL AFFAIRS
SOCIAL: new study, published ahead of an European Parliament hearing, points to aggressive lobbying tactics by platforms
SOCIAL: 16 Member States not complying with latest ILO conventions on health and safety at work, say European trade unions
EU RESPONSE TO COVID-19
HEALTH: EU Council adopts three fundamental regulations of Health Union
NEWS BRIEFS
WESTERN BALKANS: next summit will be held on 6 December in Tirana
MONEY LAUNDERING: European Banking Authority launches call for applications and contributions for revision of remittance regulation
CHINA: EU extends anti-dumping duties on Chinese aspartame
CLIMATE: EU Council adopts conclusions ahead of COP27
ECONOMY: euro area average public deficit at 2.1% in second quarter
ENERGY: European Commission reaffirms its support for agreement in principle on modernisation of Energy Charter Treaty
ENERGY: European Commission says it is ready to support BarMar gas pipeline project, subject to certain conditions
FINANCE: European Commission launches first Academy for digital finance supervisory authorities
UNITED KINGDOM: Rishi Sunak becomes new British Prime Minister
HEALTH: Commission and ECDC highlight timeliness of polio control in Europe and globally