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Image header Agence Europe
Europe Daily Bulletin No. 13088
Contents Publication in full By article 16 / 36
ECONOMY - FINANCE - BUSINESS / Insurance

EU Council adopts position on establishing framework for recovery and resolution of insurance and reinsurance undertakings

On Tuesday 20 December, the Member States’ ambassadors to the EU (Coreper) adopted their negotiating position (general approach) on the ‘IRRD’ directive on the recovery and resolution of insurance undertakings. This proposal will strengthen the Solvency II Directive with the aim of making the insurance and reinsurance sector more resilient and enhancing the protection of policyholders, taxpayers, the economy and financial stability in the EU. 

“The Insurance Recovery and...

Contents

SECTORAL POLICIES
BIODIVERSITY: EU ‘nature restoration’ regulation, EU ministers support level of ambition and call for flexibility
BIODIVERSITY: COP15, European Committee of Regions and local authorities recognised as key to protecting biodiversity
ENERGY: European Commission launches work with industry on EU gas supply
ENERGY: European Commission criticises Member States’ agreement on methane emissions regulation
ENERGY: EU Council agrees on two pieces of legislation to accelerate deployment of renewable energy
MIGRATION: asylum and migration reforms, EU Member States approve new mandates for further work with European Parliament
HOME AFFAIRS: Dutchman Hans Leijtens is new Executive Director of Frontex
FISHERIES: EU and UK agree on 2023 quotas in shared waters
HEALTH: European Commission, EMA and HMA publish recommendations to facilitate decentralised clinical trials
RESEARCH: European Commission announces New Zealand’s association agreement with Horizon Europe
ECONOMY - FINANCE - BUSINESS
Interview COMPANIES: “Around 50,000 companies” in Europe will have to apply our sustainability reporting standards by 2024, says EFRAG’s Patrick de Cambourg
COMPETITION: European Commission and Amazon reach agreement to close two investigations into Buy Box and Prime
COMPETITION: European Commission opens in-depth investigation into Broadcom’s proposed acquisition of VMware
FINANCE: EU Council adopts its position on proposed revision of texts governing markets in financial instruments
FINANCE: EU Council adopts its position on revision of rules on central securities depositories
INSURANCE: EU Council adopts position on establishing framework for recovery and resolution of insurance and reinsurance undertakings
MONEY LAUNDERING: five jurisdictions, including Gibraltar, added to EU list of high-risk third countries
EXTERNAL ACTION
TRADE: EU Member States adopt their negotiating mandate for Generalised Scheme of Preferences
TRADE/CLIMATE: European companies concerned about their exports after entry into force of CBAM
WTO: with no decision in Geneva, TRIPS waiver saga will continue at least until March
IRAN: Mr Borrell and Mr Abdollahian call for restoring Iran nuclear deal
IRAQ: Mr Borrell calls for more EU support for country
SECURITY - DEFENCE
DEFENCE: incoming Swedish Presidency of EU Council intends to strengthen EU’s role as a security actor
Russian invasion of Ukraine
STATE AID: €1.1 billion in Polish support for energy-intensive companies approved
STATE AID: green light for increase of up to €23 billion in Italian aid to businesses in context of war in Ukraine
NEWS BRIEFS
HOME AFFAIRS: Member States approve agreement reached with European Parliament on short-stay visa liberalisation regime for Kosovo citizens
AGRICULTURE: European Commission approves protection of Hungarian PGI ‘Keleméri bárányhús’
HUMANITARIAN AID: EU mobilises €3.2 million in emergency aid for Colombia
COHESION: Italy will receive €1 billion from Just Transition Fund
COHESION: REACT-EU, Spain to benefit from additional €1.8 billion
ECONOMY: green light from Member States for European Parliament/EU Council agreement on ‘REPowerEU’ chapters to be inserted in National Recovery Plans
EUROPEAN PARLIAMENT: Qatargate, S&D group is working on format of its own Internal Inquiry
CSDP: EU Member States approve appointment of Heads of Operation Althea and EUCAP Somalia
RESEARCH: four projects win EIT Community ‘New European Bauhaus’ Hackathon awards
TERRORISM: Europol concerned about rise of far-right online terrorist communities
TRANSPORT: EU Council adopts decision to allow Member States to notify EU-based operators of requirements of ‘CORSIA’ scheme