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Image header Agence Europe
Europe Daily Bulletin No. 13533
Contents Publication in full By article 30 / 32
COURT OF JUSTICE OF THE EU / Finance

EU General Court upholds €31.7 million fine imposed on HSBC for its euro derivatives cartel

In a judgment on Wednesday 27 November (Case T-561/21), the General Court of the European Union dismissed in its entirety HSBC’s appeal against the European Commission’s revised decision, adopted in 2021, and upheld the fine of €31.7 million for restricting competition.

The case dates back to 2016 and a European Commission decision accusing Crédit Agricole, HSBC and JPMorgan Chase of restricting competition in the euro interest rate derivatives (EIRD) market (see...

Contents

EUROPEAN PARLIAMENT PLENARY
EUROPEAN PARLIAMENT: MEPs approve ‘von der Leyen II’ Commission by a narrow majority
EUROPEAN PARLIAMENT: ‘von der Leyen II’ Commission - resigned, MEPs now hope to make progress on legislative dossiers
COMPETITIVENESS: MEPs want to go further than ‘Budapest Declaration’
ENERGY: MEPs call on European Commission to act to reduce persistently high energy prices
CLIMATE: MEPs unanimous on “disappointing” results of COP29
GEORGIA: electoral irregularities, European Parliament is expected to call on EU to adopt measures
MOZAMBIQUE: MEPs warn of breakdown in Rule of law and post-election violence
JUSTICE/FUNDAMENTAL RIGHTS: European Commission highlights shortcomings in prisons and advocates common standards before MEPs
GENDER EQUALITY: salaries - MEPs denounce structural injustices and persistent economic violence
FISHERIES: European Parliament does not object to delegated regulation on protecting dolphins
REGIONS: MEPs approve €116 million in aid following floods in Germany and Italy
HOME AFFAIRS: European Parliament confirms definitive revocation of visa waiver agreement for Vanuatu citizens
BUDGET: MEPs adopt EU budget for 2025
BUDGET: European Parliament adopts draft amending budget for 2024
SECTORAL POLICIES
COHESION: EU Member States slightly reduce scope of proposal on support in event of natural disasters
HOME AFFAIRS: Schengen area, Member States approve decision to lift last land controls with Romania and Bulgaria on 1 January 2025
MIGRATION: migrant smuggling, EU Member States move closer to agreement on draft directive introducing tougher penalties for people smugglers
ENVIRONMENT: negotiations on international treaty against plastic pollution stall in Busan
ENVIRONMENT: MEPs launch draft reports designed to improve efficiency and transparency of chemical safety assessments
COMPETITIVENESS/RESEARCH: EU Council to attempt to give direction to EU industrial policy
DIGITAL: Romania asks European Commission to investigate TikTok’s role in elections following “various irregularities”
EXTERNAL ACTION
MIDDLE EAST: Europeans welcome ceasefire agreement between Israel and Hezbollah
HUMANITARIAN AID: a “cross-party mobilisation” in European Parliament urges European Commission to protect Palestinian people
GABON: EU leaders strengthen cooperation with Gabon, at a meeting with Brice Clotaire Oligui Nguema, President of transition
SECURITY - DEFENCE - SPACE
SPACE: future of space policy, reinforcing competencies and evaluating space programme on agenda for Friday’s Competitiveness Council
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: working conditions for trainees, Hungarian Presidency of EU Council does not yet have qualified majority
ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: MEPs select Italian Bruna Szego as Chair of new AMLA
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
WOMEN’S RIGHTS: EU Member States approve conclusions on integrating mental health into promotion of gender equality
COURT OF JUSTICE OF THE EU
ENERGY: EU General Court dismisses Nord Stream 2’s application contesting gas legislation
FINANCE: EU General Court upholds €31.7 million fine imposed on HSBC for its euro derivatives cartel
NEWS BRIEFS
CONSUMERS: Toy Safety Directive - next trilogues to focus on details of banned chemical substances
ENERGY: CINEA allocates over €67 million from the CEF to renewable energy cross-border projects