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Image header Agence Europe
Europe Daily Bulletin No. 13528
Contents Publication in full By article 19 / 30
ECONOMY - FINANCE - BUSINESS / Finance

European Securities and Markets Authority recommends a review of penalty mechanism for financial settlements

In a report published on Tuesday 19 November, the European Securities and Markets Authority (ESMA) presented its recommendations to the European Commission on the penalty mechanism of the EU on Central Securities Depositories Regulation (CSDR) (see EUROPE B13105A17).

The aim is to improve the efficiency of financial settlements, in particular with a view to reducing the settlement time for securities transactions from two (T+2) to one day (T+1) (see EUROPE B13527A22).

ESMA recommends...

Contents

INSTITUTIONAL
EUROPEAN PARLIAMENT: European Parliament agreement on finalising formation of ‘von der Leyen II’ Commission
EU INSTITUTIONS: Member States criticise agreement on basis for future cooperation between European Parliament and European Commission
BUDGET: Committee of Regions is calling for an ambitious long-term European budget post-2027, with better funding and built in partnership with local authorities
EXTERNAL ACTION
TRADE: EU27 trade ministers to take turn discussing future of transatlantic relations, on 21 November
MIDDLE EAST: voice of reason must prevail over voice of hatred, stresses Josep Borrell
ALBANIA: Albania and EU strengthen their security and defence partnership
COUNCIL OF EUROPE
MOLDOVA: Council of Europe adopts a new Action Plan for Moldova
SECTORAL POLICIES
ENVIRONMENT: EU Council to oppose European Parliament’s amendments at trilogue on postponement of ‘imported deforestation’
CLIMATE: collective goal for climate finance, Wopke Hoekstra affirms European unity at COP29
CLIMATE: COP29, European Committee of Regions calls for adaptation to be made “clear” political and financial priority
REGIONS: Spain hopes to obtain “as much funding as possible” from EU following floods in the country
HOME AFFAIRS: Austria could lift its veto on full accession of Bulgaria and Romania to Schengen area on 22 November
CONSUMERS/TOURISM: Package Travel Directive – Presidency of EU Council proposes two options to remove linked travel arrangements
HEALTH: Member States struggling to use EU funds for digital transformation of healthcare, says EU Court of Auditors
HEALTH: European Cancer Organisation warns of health worker crisis
ENERGY: ACER calls for greater consistency between future national plans for development of gas and hydrogen networks on European scale
FOOD SAFETY: EU identifies shortcomings in Brazil’s avian influenza control system
ECONOMY - FINANCE - BUSINESS
BANKING/FINANCE/INSURANCE: risks associated with climate transition alone do not threaten financial stability, according to ECB and EU supervisory authorities
FINANCE: European Securities and Markets Authority recommends a review of penalty mechanism for financial settlements
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
RULE OF LAW: Commission assures that Article 7 and freezing of EU funds will continue until Hungary has addressed all concerns
FUNDAMENTAL RIGHTS: European Commission adopts guidelines to strengthen community inclusion and autonomy of persons with disabilities
SOCIAL AFFAIRS
SOCIAL/EMPLOYMENT: Nicolas Schmit calls on future Commission to defend acquis of directive on adequate minimum wages
SECURITY - DEFENCE
DEFENCE: EU Council calls for update of permanent structured cooperation
NEWS BRIEFS
HUMANITARIAN AID: two EU-chartered aircraft deliver 50 tonnes of vital equipment to Beirut
BUDGET: European Commission is raising €7 billion in EU bonds, including €3 billion in Next Generation EU green bonds
CHINA: EU must absolutely maintain constructive dialogue with Beijing, says BusinessEurope
ENERGY: Energy Charter Treaty, Member States’ ambassadors approve Secretariat to become interim depositary
COMPANIES: EU Council approves agreement with European Parliament on regulation for environmental, social and governance ratings
POLAND25EU: security, key theme of forthcoming Polish Presidency of EU Council
DIGITAL: EU and Singapore join forces to regulate “safe and human-centred” AI