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Image header Agence Europe
Europe Daily Bulletin No. 13644
Contents Publication in full By article 33 / 36
NEWS BRIEFS / Finance

European Parliament Committee on Economic and Monetary Affairs in favour of reducing settlement cycle for securities transactions in EU

20/05/25 (Agence Europe) – On Tuesday 20 May, the members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) approved by 48 votes in favour and 3 abstentions the draft report by Johan Van Overtveldt (ECR, Belgian) on the shortening of the settlement cycle for securities in the EU (‘T+1’), proposed by the European Commission for October 2027 (see EUROPE B13639A39). Approval by the European Parliament in plenary session will enable interinstitutional...

Contents

EXTERNAL ACTION
MIDDLE EAST: a majority of Member States call on European Commission to review EU-Israel Association Agreement
SYRIA: EU Member States agree to lift economic sanctions
HUMANITARIAN AID: Hadja Lahbib calls for greater “collective action” to tackle growing number of crises
UNITED KINGDOM: European Parliament political groups welcome new partnership agreements between EU and UK
Russian invasion of Ukraine
UKRAINE: having just adopted new sanctions against Russia, Europeans are already discussing next ones
RUSSIA: EU adopts new sanctions against Russia
ECONOMY: call to European Parliament for confiscation of frozen Russian assets
SECURITY - DEFENCE
DEFENCE: Spain opposes target of spending 5% of GDP on defence
SECTORAL POLICIES
MIGRATION: ‘safe third countries’ - European Commission makes it optional to consider a connection criterion between a person who has been rejected for asylum in EU and a third country
HOME AFFAIRS: stronger role for Europol in fight against smuggling networks, European Parliament ready to negotiate with EU Council
TRANSPORT: agreement between EU Council and European Parliament to strengthen role of European Maritime Safety Agency
DIGITAL: MEPs deem directive on AI liability “premature” and “superfluous”
CONSUMERS: faced with excesses of online commerce, MEPs are in favour of a fee per parcel
ENERGY: second European Hydrogen Bank auction—total of €992 million in funding to go to 15 selected projects
ENERGY: European energy efficiency financing coalition holds first General Assembly
ENERGY: energy price crisis—revenue collected from mandatory solidarity contribution totals more than €28 billion
ENERGY: Energy Charter Treaty, EU Council approves European Parliament’s position on intra-EU arbitration procedures
CLIMATE: EU Forum on adaptation to climate change - Wopke Hoekstra supports resilience built at all territorial levels
HEALTH: WHO member states adopt first-ever ‘global agreement on pandemics’
COHESION: EU countries due to adopt declaration on future of European Cohesion Policy on 21 May
FISHERIES: EU fishers come out winners in EU/UK fisheries agreement
ECONOMY - FINANCE
COMPANIES: ‘omnibus’ - Polish Presidency of EU Council submits second text on CSRD and CSDDD directives
ECONOMY: MEPs call for an 18-month extension of post-Covid-19 European Recovery Plan for most mature projects
ECONOMY: European Parliament / EU Council agreement on macrofinancial assistance to Egypt worth €4 billion
INSTITUTIONAL
BUDGET: Competitiveness Fund should be guided by joint investments, recommend experts at Annual EU Budget Conference
BUDGET: European People’s Party prepares its position on post-2027 multiannual financial framework
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
WOMEN’S RIGHTS: implementation of Istanbul Convention is a political commitment, Ana Carla Pereira reminded MEPs
EDUCATION - YOUTH - CULTURE - SPORT
SPORT: Bogdan Andrzej Zdrojewski calls for greater EU commitment to protect European model from commodification
NEWS BRIEFS
ALBANIA: with opening of its fourth fundamental achievements cluster, Tirana is one step closer to EU membership
COMPETITION: European Commission unveils draft decision on EU/UK bilateral agreement
DEVELOPMENT: European Parliament Development Committee approves ‘Goerens’ report on aid funding
ECONOMY: euro area inflation at 2.2% in April
FINANCE: European Parliament Committee on Economic and Monetary Affairs in favour of reducing settlement cycle for securities transactions in EU
RESEARCH: Poland inaugurates first national hub dedicated to EU Cancer Mission
REGIONS: initial EU support of €24 million for Mayotte
SOCIAL: coordination of social security schemes - EU co-legislators are due to meet again on 3 June to try to reach agreement