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Europe Daily Bulletin No. 13314

15 December 2023
Contents Publication in full By article 14 / 44
ECONOMY - FINANCE - BUSINESS / Insurance
Agreement between EU institutions on revision of prudential rules governing insurance sector
Brussels, 14/12/2023 (Agence Europe)

Negotiators from the European Parliament and the Spanish Presidency of the Council of the European Union reached agreement in Strasbourg on Wednesday 13 December on an amendment to the ‘Solvency II’ Directive, which lays down solvency rules for insurance undertakings in the EU. On Thursday 14 December, they also agreed on a regulatory framework for the recovery and resolution of insurance and reinsurance undertakings (IRRD).

The ‘Solvency II’ Directive has been implemented since...

Contents

EUROPEAN COUNCIL
ENLARGEMENT: European Council opens EU accession talks with Ukraine and Moldova
BUDGET: revision of Multiannual Financial Framework, EU27 leave negotiating table without agreement
SECTORAL POLICIES
HEALTH: European Parliament/EU Council agreement on proposal concerning quality and safety standards for substances of human origin
ENERGY: EU co-legislators reach agreement on electricity market reform
JUSTICE/CONSUMERS: European Parliament and EU Council reach provisional agreement on product liability
ENVIRONMENT: EU Council expected to reach agreement on ‘Packaging and Packaging Waste’ regulation at ministerial meeting on 18 December
AGRICULTURE: Copa-Cogeca calls on EU Council to correct agreement on industrial emissions directive
TRANSPORT: European Court of Auditors recommends developing a strategic approach to biofuels beyond 2030
TRANSPORT: Pascal Canfin and Barbara Thaler want to make it compulsory to use primary data when accounting for greenhouse gas emissions
DIGITAL: European Commission’s targeted advertising campaign, Max Schrems’ association accuses social network X of violating GDPR rules
ECONOMY - FINANCE - BUSINESS
ECB: Governing Council is keeping rates unchanged and intends to stop reinvestments under PEPP at end of 2024
COMPANIES: at end of a long all-nighter, EU Council and European Parliament reach a provisional agreement on corporate sustainability due diligence directive
ECONOMY: European Finance Ministers to attempt to finalise reform of Stability and Growth Pact on 20 December
INSURANCE: agreement between EU institutions on revision of prudential rules governing insurance sector
SOCIAL AFFAIRS
SOCIAL: European Commission to launch first stages of presenting legislative initiative on right to disconnect
SOCIAL: fate of regulation on coordinating social security systems depends on Spanish Presidency’s final informal attempts
EUROPEAN PARLIAMENT PLENARY
DIGITAL: Geo-blocking, MEPs approve Beata Mazurek’s report, but slightly scale down ambitions for audiovisual media
CLIMATE: COP28, EU representatives hail “Made in Europe” agreement
TRANSPORT: MEPs disagree on solidarity lanes with Ukraine
JUSTICE: European Parliament supports recognition of parenthood throughout European Union
RULE OF LAW: European Commission confirms its concerns about a Slovak draft law that could weaken anti-corruption framework
MIGRATION: MEPs call on Frontex to do more to uphold values of European Union
ENERGY: MEPs set out position on creation of European Hydrogen Bank
ENVIRONMENT: European Parliament vetoes increase in maximum residue levels for fipronil and tricyclazol in imported agricultural products
GMOs: European Parliament opposes placing on market of glufosinate-tolerant maize and oilseed rape
GUATEMALA: European Parliament in favour of sanctions against those hindering Bernard Arévalo’s accession to power
BELARUS: European Parliament calling for immediate and unconditional release of all political prisoners
TANZANIA: European Parliament urges authorities to stop forced evictions of Maasai communities
JAPAN: European Parliament defines EU-Japan relations
CHINA: MEPs condemn forced assimilation practices in Chinese boarding schools in Tibet
INSTITUTIONAL
FUTURE OF EU: Council of EU to vote on 18 December on European Parliament’s request to reform European treaties
SECURITY - DEFENCE - SPACE
SPACE: EU and ESA strengthen their cooperation
COURT OF JUSTICE OF THE EU
STATE AID: Luxembourg’s tax ruling for Amazon was compatible with internal market, according to EU Court of Justice
JUSTICE: according to EU Court of Justice, fear of potential misuse of personal data by third parties is likely to constitute ‘non-material damage’
ENVIRONMENT: Romania sentenced to financial penalties for failing to close 31 illegal landfills
NEWS BRIEFS
AGRICULTURE : PAN Europe calls on Poland to maintain its position against proposal on new genomic techniques
WESTERN BALKANS: Member States undertake to grant scholarships to students at new College of Europe campus in Tirana
EESC: European Economic and Social Committee celebrates its 65th birthday
CHINA: EU reinstates definitive anti-dumping duty on Chinese acid imports
COMPETITION: European Commission approves Slovakian aid worth €1 billion to support investment in green transition
DIGITAL: European Commission calls on Google and Apple to account for measures taken to assess risks of their application shops under DSA
RESEARCH: ‘2023 EU Industrial R&D Investment Scoreboard’ shows investment on rise
REGIONS: European Commission calls on regions to harness existing talent
HEALTH : EU to step up cooperation with Iceland, Liechtenstein and Norway on health emergency response