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Image header Agence Europe
Europe Daily Bulletin No. 13662
Contents Publication in full By article 43 / 43
NEWS BRIEFS / Finance

Insurance Europe calls for simplification of draft regulation on financial data sharing to avoid excessive costs

18/06/25 (Agence Europe) – In a press release issued on Tuesday 17 June, Insurance Europe, the European insurance and reinsurance federation, said that the draft regulation on access to financial data (FIDA) (see EUROPE 13654/21) needed to be simplified as a matter of urgency if it was to achieve its objectives without unnecessarily increasing burdens on businesses. While the federation welcomes certain progress that has been made – notably the exclusion of gatekeepers and a focus on retail customers – Insurance Europe is calling on the EU institutions, who are currently in negotiations between the European Parliament and the EU Council (‘trilogue’), to refocus the text on gradual implementation, a narrower scope of data, “realistic” deadlines and stronger safeguards to protect sensitive consumer data. (BD)

Contents

EUROPEAN PARLIAMENT PLENARY
MIDDLE EAST: European Parliament torn over concept of genocide
NATO: MEPs support increased defence spending, but do not want to sacrifice social Europe
MOLDOVA: MEPs welcome progress on reforms
FUNDAMENTAL RIGHTS: as Budapest Pride approaches, pro-European MEPs urge Commission to act to uphold Rule of law
RULE OF LAW: European Parliament report confirms persistence of serious threats in Member States
TRANSPORT: European Parliament considers that EU Council agreement on air passenger rights undermines consumer protection
TRANSPORT: European Parliament calls for greater investment to improve public transport services in EU
ENERGY: European Parliament argues that arbitration clause of Energy Charter Treaty cannot be applied to intra-EU arbitration proceedings
SEA: European Oceans Pact generally supported by MEPs, except on left of political spectrum
ECONOMY: European Parliament recommends extending post-Covid-19 European recovery plan until end of 2027 for most mature projects
ECONOMY: European Parliament gives green light to Interinstitutional Agreement on EU macro-financial assistance of €4 billion to Egypt
SECTORAL POLICIES
DIGITAL: European Commission validates certain commitments made by AliExpress while maintaining that Chinese platform continues to infringe DSA regulation
TELECOMMUNICATIONS: European Commission proposes including Ukraine in EU roaming area
COHESION: mid-term review of cohesion policy - EU Council ready to negotiate agreement with European Parliament
ENVIRONMENT: EU Council and European Parliament fail to reach agreement in negotiations on substances to be monitored in water
ENVIRONMENT: eight EU Member States call on European Commission to withdraw its proposal to restrict lead in hunting ammunition and fishing tackle
ENERGY: Iberian Peninsula blackout - Spanish electricity grid operator presents its analysis, in face of criticism for lack of planning
CLIMATE/ENERGY: European Commission’s Joint Research Centre publishes methodological guide to implementing local authority action plans
EXTERNAL ACTION
HUMANITARIAN AID: European Court of Auditors identifies a series of shortcomings in remote management of EU humanitarian aid
AUSTRALIA: EU to begin negotiations on security and defence partnership with Canberra
AFGHANISTAN: four years after start of Taliban regime, EU reiterates urgent need for humanitarian aid in Afghanistan
TRADE/CLIMATE: provisional agreement between European Parliament and EU Council on simplifying Carbon Border Adjustment Mechanism
ECONOMY - FINANCE - BUSINESS
COMPANIES: ‘omnibus’ - EU Member States soon ready to adopt their position on simplification of ‘CSRD’ and ‘CSDDD’ directives
FINANCE: more than a year after European Parliament, EU Council adopts position on ‘payment services’ legislative package
ECOFIN: Customs Union reform, energy prices and EU fiscal rules on agenda of European Finance Ministers
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL/EMPLOYMENT: on 19 June, EU27 Employment Ministers will be called upon to decide on fate of directive on quality traineeships
EMPLOYMENT: European Parliament’s Committee on Employment and Social Affairs sets out views on future directive governing algorithmic labour management
EMPLOYMENT: European Pillar of Social Rights - Commission launches consultation to prepare its next Action Plan
INSTITUTIONAL
EUROPEAN PARLIAMENT: European Parliament Employment Committee is again assessing whether Amazon representatives should be granted permanent access
BREACHES OF EU LAW
HOME AFFAIRS: Bulgaria, Ireland and Portugal referred to CJEU by Commission for failure to correctly transpose regulation on removal of terrorist content online
HOME AFFAIRS: European Arrest Warrant - Sweden and Poland brought before CJEU
JUSTICE: access to justice in environmental cases - European Commission has decided to refer Poland to CJEU
ENVIRONMENT: European Commission refers Greece to EU Court of Justice for non-compliance with noise directive
ENERGY: European Commission urges Greece and Finland to transpose rules accelerating authorisation procedures for renewable projects
PUBLIC PROCUREMENT: European Commission takes Germany to court over inadequate transposition of public procurement directives
EMPLOYMENT: transparent and predictable working conditions under national law - European Commission takes Spain to court
TAXATION: European Commission refers Portugal to CJEU for failing to notify measures in area of excise duty
COUNCIL OF EUROPE
FUNDAMENTAL RIGHTS: “Hate speech is a challenge to democracy itself”, warns Secretary General of Council of Europe
NEWS BRIEFS
DEVELOPMENT: Conservatives and Reformists in European Parliament welcome rejection of ‘Goerens’ report for being too ideological
ENERGY: new Euratom safeguards regulation will enter into force on 6 July
ENVIRONMENT: European Commission pilot project for ‘nature credits’ accused of destroying Estonian forests by NGOs Fern and Canopée
FINANCE: European Parliament/EU Council reach agreement on shortening time limit for securities transactions in EU to one working day from 2027
FINANCE: Insurance Europe calls for simplification of draft regulation on financial data sharing to avoid excessive costs