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Europe Daily Bulletin No. 13181

13 May 2023
Contents Publication in full By article 23 / 26
NEWS BRIEFS / Finance
‘MiFID-MiFIR’, Better Finance concerned that interinstitutional negotiations will lead to an imbalance for retail investors

12/05/23 (Agence Europe) – The European Federation of Investors and Financial Services Users (Better Finance) on Thursday 11 May expressed its concerns about the ongoing interinstitutional negotiations on the ‘MIFIR’ Regulation and the ‘MiFID’ Directive governing markets in financial instruments (see EUROPE B13172A8). Better Finance believes that, as it stands, “market structure - a key component of the Capital Markets Union action plan - is still biased against the interests...

Contents

Russian invasion of Ukraine
UKRAINE: we will not get tired in our support for Ukraine, warns Josep Borrell
AGRICULTURE: 13 Members States criticise grain agreement with EU countries close to Ukraine
SERBIA: Ana Brnabić provides assurances that her country “will not be a platform” for circumventing EU sanctions on Russia
EXTERNAL ACTION
CHINA: EU wants to “recalibrate” its relationship with China and strengthen its strategic unity
SUDAN: EU welcomes commitment of rival military forces to protect civilians and calls on both sides to respect it
INDIA: EU and India to conclude Memorandum of Understanding on semiconductors by September 2023
COUNCIL OF EUROPE
COUNCIL OF EUROPE: Ukraine and defence of fundamental rights will be at centre of Reykjavik Summit, which will bring together over 40 European leaders
COUNCIL OF EUROPE: in a Europe in democratic crisis, Reykjavik Summit will be “crucial” for European Court of Human Rights, says Belgian judge Frédéric Krenc
SECTORAL POLICIES
COMPETITIVENESS: Emmanuel Macron’s call for a “European regulatory pause” interpreted in different ways by EU institutions
DIGITAL: European Digital Identity Wallet, Swedish EU Council Presidency probes Member States on national single points
HOME AFFAIRS: EU Member States move closer to mandate over freezing and confiscation of assets of criminal groups or individuals under restrictive measures
CIRCULAR ECONOMY: Ecodesign for Sustainable Products Regulation, EU Council position expected on 22 May at Competitiveness Council
ENVIRONMENT: European Commission consults public on better implementation of polluter pays principle
AGRICULTURE: Farm Europe regrets “variable geometry” conditionality on CAP
ECONOMY - FINANCE - BUSINESS
ECOFIN: administrative cooperation in tax field, banking crisis management and European Recovery Plan on agenda of EU finance ministers
BANKS: ECB must do better job of monitoring credit risk exposure of large banks, says European Court of Auditors
STATE AID: European Commission raises ceilings for aid allowed for certain disadvantaged regions in Hungary
COURT OF JUSTICE OF THE EU
TRANSPORT: transferring responsibility for compliance with driver working conditions to a third person does not relieve a road transport undertaking of its responsibilities, according to EU Court of Justice
NEWS BRIEFS
STATE AID: green light for establishment of ‘Danish Public Investment and Export Fund’
CHINA: EU extends anti-dumping duty on Chinese high tenacity polyester yarn
CONSUMERS: sustainable consumption, Carbon Market Watch welcomes European Parliament vote to ban climate greenwashing
ECONOMY: European Commission approves revised Estonian recovery plan
FINANCE: ‘MiFID-MiFIR’, Better Finance concerned that interinstitutional negotiations will lead to an imbalance for retail investors
DIGITAL: High Level Group on DMA holds first meeting to address implementation of legislation
REGIONS: meeting between partners of 25 beneficiary projects of call for cross-border cooperation microprojects for Pyrenees
TUNISIA: EU is looking at new ways to deepen relationship