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Image header Agence Europe
Europe Daily Bulletin No. 13318
Contents Publication in full By article 25 / 36
COURT OF JUSTICE OF THE EU / Competition

EU General Court dismisses most of appeals brought by JPMorgan Chase and Crédit Agricole in interest rate manipulation case

On Wednesday 20 December, the General Court of the EU largely dismissed two appeals brought by banks JPMorgan Chase and Crédit Agricole against the Commission’s decision of 7 December 2016 fining them and HSBC a total of €485 million for restricting or distorting competition in the euro-denominated interest rate derivatives sector (see EUROPE B11684A3).

The General Court upheld the Commission’s findings concerning JPMorganChase’s participation in an infringement of competition...

Contents

SECTORAL POLICIES
MIGRATION: European Parliament and EU Council negotiators reach agreement on five regulations of ‘Pact on Migration and Asylum’
MIGRATION: European Parliament and Spanish Presidency of EU Council agree on revision of directive on single permits
HOME AFFAIRS: online child sexual abuse material – member states approve extension of interim measures
HOME AFFAIRS: in derogation of ‘e-Privacy’ directive, a European Commission report demonstrates effectiveness of voluntary reporting against online child sexual abuse
JUSTICE: Laura Kövesi warns against legislative reforms in Slovakia that jeopardise rule of law and EU’s interests
BIODIVERSITY: European Commission proposes to relax protection for wolves in EU
DIGITAL: Cyber Solidarity Act, EU Council ready to negotiate with European Parliament
DIGITAL: DSA, European Commission designates Pornhub, Stripchat and XVideos as Very Large Online Platforms
ENERGY: European Commission and Member States welcome Spanish Presidency of EU Council’s work to conclude important energy dossiers
ENERGY: European Commission, 26 Member States and wind energy industry sign ‘European Wind Charter’
ENERGY: European Commission, Baltic States and Poland undertake to speed up synchronisation of Baltic electricity network with continental Europe
ENERGY: with energy poverty rising in EU, Climate Action Network Europe and Right to Energy Coalition call for urgent reforms
ECONOMY - FINANCE - BUSINESS
ECONOMY: EU Council adopts its position on reform of European fiscal rules
COMPANIES: EU Council adopts position on ESG ratings
FINANCE: EU Council adopts negotiating mandate on third-country benchmarks
STATE AID: European Commission announces €350 million Danish measure to support carbon capture and storage
ECB: coalition of researchers and NGOs calling on Emmanuel Macron to support dual rate system in euro area, in support of green transition
EXTERNAL ACTION
SWITZERLAND: European Commission preparing for EU to enter into negotiations with Switzerland on package of bilateral agreements
TUNISIA: EU and Tunisia agree a €150 million programme for country’s economy
NORTH KOREA: EU and G7 countries condemn launch of a new intercontinental ballistic missile
Russian invasion of Ukraine
RESEARCH: European Commission is announcing three initiatives, with EIC and EIT, to support research and innovation players in Ukraine
COURT OF JUSTICE OF THE EU
BANKS: General Court annuls Single Resolution Board’s decision concerning 2021 contributions of seven banks to Single Resolution Fund
BANKS: restructuring of Banca Tercas - Banca Popolare di Bari’s claim for damages dismissed
STATE AID: Covid-19, General Court of EU annuls decisions approving aid to Air France and Air France-KLM
COMPETITION: EU General Court dismisses most of appeals brought by JPMorgan Chase and Crédit Agricole in interest rate manipulation case
COMPETITION: EU General Court upholds Commission’s decision concerning acquisition by E.ON of Innogy distribution activities and production assets
NEWS BRIEFS
MONEY LAUNDERING: EU Council approves agreement on future ‘AMLA’
TRADE: European Commission initiates anti-dumping proceedings on imports of biodiesel from China
CONSUMERS: PayPal undertakes to revise its terms and conditions to make them more transparent, in response to EU requests
ENERGY: Germany becomes first Member State to participate in European Hydrogen Bank’s “Auctions-as-a-Service” system
ENERGY: ACER proposes changes to European Commission’s grid connection codes
ENERGY: European Climate, Infrastructure and Environment Executive Agency opens call for cross-border renewable energy projects
RULE OF LAW: Poland joins ‘Friends of the Rule of Law’ group in EU Council
RESEARCH: EIT unveils list of innovators from its Europe-wide ecosystem nominated for its 2024 awards
HEALTH: new strategic reserves for medical and radio-nuclear emergencies receive €690 million in EU funding
ADDENDUM
SOCIAL: coordination of social security schemes – Poland does not consider itself to be “a key country” for achieving an EU Council agreement