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Europe Daily Bulletin No. 13296

21 November 2023
Contents Publication in full By article 21 / 34
ECONOMY - FINANCE - BUSINESS / Finance
Christine Lagarde advocates setting up European stock market watchdog
Brussels, 20/11/2023 (Agence Europe)

On Friday 17 November, the President of the European Central Bank (ECB), Christine Lagarde, suggested extending the powers of the European Securities and Markets Authority (ESMA) to make it a true stock market watchdog at European Union level, similar to the US Securities and Exchange Commission (SEC), with the aim of stimulating the development of a capital markets union.

ESMA already directly supervises certain financial players such as rating agencies. “Supervision remains largely at...

Contents

SECTORAL POLICIES
AGRICULTURE: EU ministers divided over merits of proposal to regulate new genomic techniques
AGRICULTURE: 15 EU ministers call for partial extension of derogations from CAP rules
AGRICULTURE: EU Council endorses conclusions on future of rural areas
BIODIVERSITY: Wadden Sea – cooperation between three EU countries and Commission to monitor migratory birds and their habitats
DIGITAL: interinstitutional negotiations on AI – France, Germany and Italy unite to oppose rules on foundation models
DIGITAL: Didier Reynders announces future adequacy decision on data transfers between EU and international organisation
DIGITAL: targeted advertising, MEPs question Commission on possible measures to protect data of online political decision-makers
RESEARCH: EU Council is ready to adopt conclusions on role of science and innovation in democratic processes
RESEARCH: EU countries to discuss use of research as tool for economic and industrial recovery and resilience
ENERGY: at “dawn of clean hydrogen era”, Ursula von der Leyen and Maroš Šefčovič reaffirm Europe’s commitments to a green transition
ENERGY: offshore wind energy, Kadri Simson says European Commission is considering proposing to extend temporary regime for granting permits to offshore wind farms
TRANSPORT: Tilly Metz proposes creation of a “European Rail International Capacity Allocation body”
TRANSPORT: infrastructure and interconnection are key to developing European inland waterway freight, say experts
EXTERNAL ACTION
MIDDLE EAST: situation in Gaza, Josep Borrell calls for cooperation between EU and Arab countries
FOREIGN AFFAIRS/DEVELOPMENT: EU external aid funding – MEPs call for more effective ‘NDICI Global Europe’ instrument
SECURITY - DEFENCE
DEFENCE: one year after launch of ‘military 2.0’ action plan, EU highlights measures taken to enhance military mobility
ECONOMY - FINANCE - BUSINESS
ECONOMY: reform of Stability Pact, option of an extraordinary meeting of Ecofin Council ruled out
STATE AID: European Commission extends validity of certain provisions of crisis framework in order to authorise safety nets this winter
COMPETITION: European Commission takes preliminary view that proposed acquisition of Figma by Adobe poses a problem
STATE AID: Commission approves amendment to existing Spanish aid scheme designed to support certain energy-intensive companies
FINANCE: Christine Lagarde advocates setting up European stock market watchdog
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL: coordination of social security systems – Spanish Presidency of EU Council has secured majority support from Member States for its proposals to relaunch negotiations with European Parliament
INSTITUTIONAL
EUROPEAN COMMISSION: Jutta Urpilainen applies for unpaid leave to campaign for presidential elections in Finland
BUDGET: 2024 budget, EU Council validates agreement reached with European Parliament
NEWS BRIEFS
ARGENTINA: EU ready to work with Javier Milei to tackle common global challenges
CLIMATE/ENVIRONMENT: to strengthen EU’s resilience, European Environment Agency calls for better implementation of nature-based solutions
TRADE: EU inaugurates new trade facilitation mechanism for island of Cyprus
COMPETITIVENESS: NGO coalition calls for careful management of carbon capture and storage ahead of vote on ‘Net-Zero Industry Act’
EUROPEAN COURT OF AUDITORS: EU Council appoints new Spanish member to European Court of Auditors and renews mandates of Danish and Irish members
DEVELOPMENT: Josep Borrell to meet European development ministers in Brussels on Tuesday
ENERGY: annual Energy Charter Conference, no reform yet in sight
ENERGY: European directive on renewable energies has officially come into force
EUROPEAN PARLIAMENT: new European Parliament building to be inaugurated in Strasbourg
SUDAN: fifth flight of EU Humanitarian Air Bridge lands in Port Sudan last weekend