login
login
Image header Agence Europe
Europe Daily Bulletin No. 13737
Contents Publication in full By article 21 / 36
ECONOMY - FINANCE - BUSINESS / Accounting standards

EFRAG makes suggestions for improving ‘IFRS 16’ Standard

On Thursday 23 October, the European Financial Reporting Advisory Group (EFRAG) sent the International Accounting Standards Board (IASB) its comments on the implementation of accounting standard IFRS 16 on leases. EFRAG has made suggestions to address the above-mentioned issues it has identified.

In July, the IASB requested feedback (see EUROPE B13690A27). EFRAG noted that the Standard is generally working well, particularly for operating leases, and has largely met its objective of...

Contents

EUROPEAN COUNCIL
UKRAINE: twenty-six EU leaders task European Commission with presenting “options” to guarantee financing for Ukraine in 2026 and 2027
DEFENCE: European leaders call for a Europe capable of defending itself by 2030
CLIMATE: European leaders set out conditions for their support for a “pragmatic” 2040 target
COMPETITIVENESS: EU leaders call for simplification efforts to be stepped up
MERCOSUR: France well on way to lifting its veto on EU/Mercosur agreement
Russian invasion of Ukraine
RUSSIA: EU Council adopts 19th sanctions package
EXTERNAL ACTION
UNITED STATES: EU cannot lower its tariffs on US steel and aluminium without concession from Washington on its 50% tariff, says Bernd Lange
SECURITY - DEFENCE - SPACE
SECURITY/DIGITAL: European Commission announces further €20 million to improve safety of submarine cables
SPACE: according to Josef Aschbacher, merger of satellite divisions of Airbus, Thales and Leonardo to transform European industrial landscape
SECTORAL POLICIES
MIGRATION: Member States to discuss arrangements for setting up ‘return hubs’ in third countries on 27 October
MIGRATION: international conventions and irregular migration - Italy proposes ‘roadmap’ for discussions at Strasbourg Court
AGRICULTURE : on Monday 27 October, European ministers to discuss post-2027 CAP and agricultural markets
FISHERIES: European ministers attempt on 27 October to reach agreement on 2026 fishing opportunities in Baltic Sea
ENVIRONMENT: dozen Member States call for support for LIFE programme under 2028-2034 Multiannual Financial Framework
DIGITAL: with its 120 million monthly users, ChatGPT could be included in platforms subject to DSA
DIGITAL: two organisations file new complaint against Apple, accused of not wanting to comply with DMA interoperability rules
TRANSPORT: ‘ReFuelEU Aviation’ regulation will stimulate production of sustainable aviation fuels, according to EASA
TRANSPORT: 61% of respondents said they had given up travelling because of problems with online train bookings, according to T&E
ECONOMY - FINANCE - BUSINESS
ECONOMY : European Fiscal Board criticises surveillance vacuum in transition phase to revised Stability Pact
TAXATION: Belgium’s Court of Markets to rule on US ‘FATCA’ in December
ACCOUNTING STANDARDS: EFRAG makes suggestions for improving ‘IFRS 16’ Standard
EUROPEAN PARLIAMENT PLENARY
CLIMATE: European Parliament regrets that Council has still not presented EU’s 2035 target before COP30
ENERGY: Dan Jørgensen says work is ongoing to ban all imports of Russian fossil fuels by end of 2027
EUROPEAN COMMISSION : MEPs call for light to be shed on suspicion Hungary is spying on EU institutions
ECONOMY : European Parliament gives green light to delegated act authorising participation of defence companies from third countries in InvestEU programme
WOMEN’S RIGHTS: MEPs speak out on multi-dimensional issue of gender-based violence where “job is far from complete”
AFRICA: European Parliament calls for closer ‘EU-Africa’ cooperation
ENVIRONMENT : European Parliament validates postponement of application dates for revision of ‘CLP’ regulation on labelling of chemical products
ENVIRONMENT: European Parliament adopts resolution on international trade in endangered species of wild flora and fauna
ENVIRONMENT: following vote at second reading, European Parliament adopts regulation aiming to prevent plastic pellet loss
ENVIRONMENT: European Parliament adopts directive on soil monitoring
COURT OF JUSTICE OF THE EU
CONSUMERS : Court of Justice of EU sets out conditions under which traveller may be reimbursed if package tour is not properly executed
COUNCIL OF EUROPE
MIGRATION: combating migrant smuggling requires international cooperation, cautions Council of Europe
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS/COMPANIES: EU Fundamental Rights Agency explains need for “effective human rights due diligence (HRDD) frameworks”
NEWS BRIEFS
TRADE: EU imposes anti-dumping duty on Chinese screws without heads
JUSTICE: European Public Prosecutor’s Office dismantles €19.6 million agricultural fraud in Greece