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Europe Daily Bulletin No. 9781

13 November 2008
Contents Publication in full By article 9 / 34
GENERAL NEWS / (eu) eu/financial services
Credit rating agencies will now need to be registered in EU

Brussels, 12/11/2008 (Agence Europe) - On Wednesday 12 November, the European Commission submitted a draft regulation for introducing a Community registration system for Credit Rating Agencies (CRA). This goes even further than the International Organisation of Securities Commissions (IOSCO), this legislative initiative imposes strict rules on: tackling potential conflicts on interest that arising from the credit agency models and the quality and transparency of ratings given. The question...

Contents

A LOOK BEHIND THE NEWS
A Look Behind The News, by Ferdinando Riccardi: Accession not right option for EU nor especially Turkey
THE DAY IN POLITICS
(EU) EU/RUSSIA: At Nice Summit, Europeans and Russians will seek to coordinate their positions on financial crisis and Washington Summit
(EU) EU/LATIN AMERICA: Commission paves way to bilateral trade negotiations with Colombia and Peru
(EU) EU/GHANA: EU to send electoral observer mission to country
(EU) EU/ZAMBIA: EU welcomes peaceful presidential elections in Zambia
(EU) EU/TUNISIA: Group set up to consider granting Tunisia Morocco-style “advanced status”
(EU) EP/LIBYA: Simon Busuttil calls for immigration not to be forgotten in negotiations that open on Wednesday
(EU) EU/CHAD:
GENERAL NEWS
(EU) EU/FINANCIAL SERVICES: Credit rating agencies will now need to be registered in EU
(EU) EU/BUDGET: More flexible and more efficient budget to help main EU priorities?
(EU) EU/COMPETITION: Record fine for cartel in car glass industry
(EU) EU/COURT OF JUSTICE: Image of "Lego" brick cannot be registered as trademark
(EU) EU/STATE AID: Commission endorses privatisation of Alitalia but orders reimbursement of State loan granted in April
(EU) EU/TRANSPORT: European Commission authorises rescue aid for Italian company, Alpi Eagles
(EU) EU/TRANSPORT: European Commission approves State aid in favour of intermodal transport in Poland
(EU) EU/STATE AID: Commission expands investigation on proposed restructuring aid to PZL Hydral of Poland
(EU) EU/STATE AID: Commission finds that La Banque Postale in France did not receive aid for retirement pension financing reform for La Poste's state-payroll employees
(EU) EU/COMPETITION: Commission clears proposed acquisition of Applied Biosystems by Invitrogen
(EU) EU/FOOD: Wonky and misshapen fruit and vegetables may soon be allowed on sale
(EU) EU/JHA: Last lap before Switzerland joins Schengen
(EU) EU/JHA: EU calls on Balkan States for greater cooperation in fighting crime
(EU) EU/DEVELOPMENT: Council reaffirms need for EPAS to promote development and draw on ACP regional integration process
(EU) EU/AFRICA: Progress in EU-Africa partnership implementation will be assessed on 20-21 November by next joint ministerial troika
(EU) EU/ENVIRONMENT: Commission preparing to extend EMAS to entire organisation
(EU) EU/FISHERIES:
(EU) EU/TRADE: European Commission and OECD call on developed countries to resist temptation for protectionism
(EU) EU/ENERGY: IEA calls for global energy revolution
(EU) EU/TELECOMMUNICATIONS: ERG pleased that Commission leaves national regulators free to choose best remedies for their markets
(EU) EU/EESC: Committee must have clear, unique role based on authenticity of its members, says new Secretary General Martin Westlake
(EU) EU/CHINA: 4th Round Table calls for increased cooperation to face up to economic and financial crisis
(EU) EU/EIB: Bank plans to strengthen partnership with Greek commercial banks
(EU) EU/LEGISLATION: Main legislative acts published in EU Official Journal
(EU) EU/LEGISLATION:
€ VALUE IN DIFFERENT CURRENCIES ON 12/11/2008: