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Image header Agence Europe
Europe Daily Bulletin No. 13298
Contents Publication in full By article 24 / 32
ECONOMY - FINANCE - BUSINESS / Competition

European Commission imposes fine of €26.6 million on Rabobank for colluding with Deutsche Bank on Euro-denominated bonds

On Wednesday 22 November, the European Commission announced that it had imposed a fine of €26.6 million on Rabobank for participating in a cartel with Deutsche Bank between 2006 and 2016 on the trading of Euro-denominated SSA bonds (or Supra-Sovereign, Foreign Sovereign, Sub-Sovereign/Agency bonds) and government guaranteed bonds traded in the European Economic Area (EEA).

The Commission informed Deutsche Bank and Rabobank of its objections on 6 December 2022 (see EUROPE B13078A7).

Contents

EUROPEAN PARLIAMENT PLENARY
AGRICULTURE: MEPs kill off proposal on sustainable use of pesticides
ENVIRONMENT: European Parliament reconciles ambition and pragmatism in its negotiating position on ‘Packaging and Packaging Waste’ Regulation
NEW ZEALAND: European Parliament gives go-ahead for ratification of free trade agreement with Wellington
MIDDLE EAST: Europeans welcome announcement of an agreement between Hamas and Israel
RULE OF LAW: European Parliament political groups clash over Spanish amnesty law for Catalan independentists
RULE OF LAW: conditionality of European funds, Commission has given assurances that not a single cent will be paid to Budapest unless all reforms demanded are carried out
FUTURE OF EU: European Parliament justifies its call for reform of European treaties
FUTURE OF EU: Bulgaria and Romania meet all conditions for joining Schengen area, says Nikolaï Denkov
BUDGET: MEPs adopt 2024 EU budget and call for progress on MFF negotiations
DEFENCE: ASAP regulation, European Commission should select around 20 ammunition production projects
TAXATION: Parliament adopts its opinion on new framework for e-commerce and VAT in digital age
JUSTICE: European Parliament approves a report on digitalisation of administrative processes
EUROPEAN COURT OF AUDITORS: European Parliament gives green light for extension of Annemie Turtelboom’s term of office and appointment of Petri Sarvamaa
SOCIAL AFFAIRS
SOCIAL: Spanish Presidency of EU Council to submit new proposals to Member States on legal presumption of salaried employment for platform workers
SECTORAL POLICIES
AGRICULTURE: European Commission proposes a regulation on forest monitoring
FISHERIES: European Union welcomes decisions on sustainable fishing taken at ICCAT annual meeting
FISHERIES: European Commission examines future of fishermen up to 2050
ENVIRONMENT: management of electrical and electronic waste, Parliament and EU Council agree on bringing ‘WEEE’ directive into line
TÉLÉCOMMUNICATIONS: high-speed infrastructure, cyber capabilities and AI on agenda of next Council of Telecommunications and Digital Ministers of Member States
EXTERNAL ACTION
CANADA: strengthening bilateral cooperation, trade and international situation on agenda at EU/Canada summit
WESTERN BALKANS: Jens Stoltenberg urges Belgrade and Pristina to “refrain from any escalatory action” in Serbia-Kosovo dialogue
SWITZERLAND: European Commission adopts joint declaration with Switzerland which should provide a framework for negotiations on a package of bilateral agreements
TRADE: Russia refuses to address link between diamond trade and conflict at Kimberley Process meeting
ECONOMY - FINANCE - BUSINESS
COMPETITION: European Commission imposes fine of €26.6 million on Rabobank for colluding with Deutsche Bank on Euro-denominated bonds
STATE AID: European Commission approves an Italian support scheme for renewable energy, partly financed by the European Recovery Plan
EDUCATION - YOUTH - CULTURE - SPORT
EYCS: education and culture in digital age, gender equality in sport, mental health and youth mainstreaming on EU Council’s agenda
COURT OF JUSTICE OF THE EU
BANKS: shareholders and creditors affected by resolution of Banco Popular were not entitled to compensation, rules EU General Court
NEWS BRIEFS
ENVIRONMENT: reauthorisation of glyphosate, PAN Europe preparing EU Court of Justice appeal
ENERGY: European Commission publishes new rules to reduce energy consumption of household tumble dryers
ENERGY: European Commission consults on Spain’s electricity market reform plan
FINANCE: Insurance Europe and PensionsEurope call on legislators to include ESG data products in regulation on ESG rating agencies
UKRAINE: European Parliament could have an office in Ukraine