ESMA STRESS TEST OF CENTRAL COUNTERPARTIES FINDS CLEARING SYSTEM RESILIENT
(Source ESMA)
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the results of its fourth stress test exercise of Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs, as well as third-country Tier 2 CCPs, to credit, concentration and operational risks […]
Ombudsman criticises how Commission handled request for access to President’s text messages
(Source European Ombudsman)
The Ombudsman has criticised how the Commission handled a request for public access to text messages between its President and the CEO of a pharmaceutical company.
She has now asked it to do a more extensive search for the relevant messages.
In response to the public access request by a journalist, the […]
EU’s contribution to energy efficiency in businesses is unclear
(Source ECA)
In a special report published today, the European Court of Auditors (ECA) calls for clarification of the contributions made by EU funds to energy efficiency in businesses. The auditors conclude that EU funding remains insufficiently linked to business needs. And its expected results, though they are impossible to capture under the […]
ESMA ISSUES 2021 REPORT ON ACCEPTED MARKET PRACTICES UNDER MAR
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its annual report on the application of accepted market practices (AMPs) in accordance with the Market Abuse Regulation (MAR).
The number of liquidity contracts and the volumes traded under the AMPs has decreased for the four NCAs […]
The Commission’s response to fraud in the Common Agricultural Policy – Time to dig deeper/ Special Report
(Source: European Court of Auditors)
Fraud harms the EU’s financial interests and prevents EU resources from achieving the policy objectives. In this report, we present an overview of the fraud risks affecting the Common Agricultural Policy (CAP) and assess the Commission’s response to fraud in the CAP. We conclude that the Commission has […]
Special report 17/2022: External consultants at the European Commission – Scope for reform
(Source: Court of Auditors)
The Commission makes extensive use of external consultants, committing almost €1 billion for this purpose each year between 2017 and 2020. We analysed whether the Commission manages external consultants’ services in a way which safeguards its interests and ensures value for money. External consultants contribute to the development of […]
Special report 17/2022: External consultants at the European Commission – Scope for reform
(Source: European Court of Auditors)
The Commission makes extensive use of external consultants, committing almost €1 billion for this purpose each year between 2017 and 2020. We analysed whether the Commission manages external consultants’ services in a way which safeguards its interests and ensures value for money. External consultants contribute to the development […]
Ombudsman: EU administration at critical point in treatment of ‘revolving doors’
(Source: European Ombudsman)
The European Commission risks undermining the integrity of the EU administration without a more robust approach to the movement of staff to the private sector, the Ombudsman concluded following a broad inquiry into ‘revolving doors’.
While the Commission has made improvements since the last Ombudsman inquiry, it still needs to do […]
Ombudsman criticises how Commission handled request for access to President’s text messages
(Source European Ombudsman)
The Ombudsman has criticised how the Commission handled a request for public access to text messages between its President and the CEO of a pharmaceutical company.
She has now asked it to do a more extensive search for the relevant messages.
In response to the public access request by a journalist, the […]
Debate on EU future should not be an exercise in ‘citizen-washing’, warns Ombudsman
(Source: European Ombudsman)
The Ombudsman has called on the EU, and especially national governments, to take seriously ideas submitted by the public during the ongoing Conference on the Future of Europe or risk alienating citizens.
Speaking today at the conference plenary in Strasbourg to discuss the recommendations made by two citizens’ panels, Ms O’Reilly praised the people involved […]
Amended Europol Regulation weakens data protection supervision
(Source: European Data Protection Supervisor)
Amended Europol Regulation weakens data protection supervision
Following the publication of the amended Europol Regulation in the Official Journal of the EU today, the EDPS expresses its concerns that the amendments, which will enter into force on 28 June 2022, weaken the fundamental right to data protection and […]
EDPS Conference 2022: A pan-European approach is going to be necessary for effective enforcement
(Source: European Data Protection Supervisor)
EDPS Conference 2022: A pan-European approach is going to be necessary for effective enforcement
This week, on 16 and 17 June 2022, European Data Protection Supervisor (EDPS) Wojciech Wiewiórowski welcomed over 2000 participants, both in-person and remotely, at his conference titled, “The future of data protection: […]
A new United Nations convention on cybercrime: fundamental rights come first
(Source: European Data Protection Supervisor)
A new United Nations convention on cybercrime: fundamental rights come first
The EDPS published on 18 May 2022 its Opinion concerning the EU’s participation in the United Nations’ negotiations for a Comprehensive International Convention on Countering the Use of Information and Communications Technologies for Criminal Purposes (the future […]
New Regulation on European Union Agency for Asylum (EUAA) will strengthen personal data protection of asylum seekers
(Source: EUROPEAN DATA PROTECTION SUPERVISOR)
Today marks the entry into force of Regulation 2021/2303, establishing a European Union Agency for Asylum (EUAA) to replace and succeed to the European Asylum Support Office (EASO), and transform it into a fully-fledged asylum agency.
EDPS orders Europol to erase data concerning individuals with no established link to a criminal activity
(Source: EUROPEAN DATA PROTECTION SUPERVISOR)
On 3 January 2022, the EDPS notified Europol of an order to delete data concerning individuals with no established link to a criminal activity (Data Subject Categorisation). This Decision concludes the EDPS’ inquiry launched in 2019.
The European Data Protection Board (EDPB)
The European Data Protection Board (EDPB)
(Source: European Union)
Overview
Role: To ensure that the General Data Protection Regulation (GDPR) and the Data Protection Law Enforcement Directive are consistently applied in the EU countries, as well as Norway, Liechtenstein and Iceland.
Chair: Andrea Jelinek
Established in: 2018
Number of staff: 21
Location: Brussels
Website: European Data Protection Board
The EDPB is […]
Doping crackdown in cycling
(Source: Europol)
Law enforcement and judicial authorities in France, Belgium, Spain, Croatia, Italy, Poland and Slovenia have carried out a coordinated action against the use of prohibited substances in cycling races. Based on a request from the French authorities, the Danish Police have also carried out searches at one of the Tour de […]
Thirteen arrested over German cashpoint explosions that netted gang over EUR 1.6 million
(Source: Europol)
The last phase of the investigation took place on 28 June, which saw over 100 officers involved on the ground in Germany (North Rhine Westphalia) and the Netherlands.
A total of thirteen gang members were arrested as a result of this investigation:
One arrest in Deurne, the Netherlands (28 June 2022)
One arrest in […]
Three arrests after police action against religious extremist propaganda in Germany
(Source: Europol)
On 28 June 2022, the German Regional Police (Landeskriminalamt) struck against the so-called ‘Caliphate State’ religious extremist organisation. During the action day, coordinated by the Landeskriminalamt Rhineland-Palatinate, German law enforcement officers from six German States raided 50 locations in a joint operation and arrested three individuals. The arrested individuals are suspected […]
ESMA STRESS TEST OF CENTRAL COUNTERPARTIES FINDS CLEARING SYSTEM RESILIENT
(Source ESMA)
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the results of its fourth stress test exercise of Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs, as well as third-country Tier 2 CCPs, to credit, concentration and operational risks […]
ESMA STRESS TEST OF CENTRAL COUNTERPARTIES FINDS CLEARING SYSTEM RESILIENT
(Source: ESMA)
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the results of its fourth stress test exercise of Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs, as well as third-country Tier 2 CCPs, to credit, concentration and operational risks under the […]
ESMA WILL NOT PUBLISH AUGUST SYSTEMATIC INTERNALISER REGIME DATA FOR NON-EQUITY INSTRUMENTS OTHER THAN BONDS AND CTP DATA
(Source: ESMA)
The European Securities and Markets Authority (ESMA) will not publish the 1 August 2022 publication of the systematic internaliser (SI) regime data for non-equity instruments other than bonds, as well as that of the consolidated tape (CTP) data. This is due to operational constraints which prevent it from performing the scheduled calculations.
ESMA, […]
EU current account surplus €16.6 bn
(Source: Eurostat)
In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €16.6 billion (0.4% of GDP), down from a surplus of €52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of €126.4 billion (3.6% […]
Household saving rate up to 15.0% in the euro area
(Source: Eurostat)
The household saving rate in the euro area was at 15.0% in the first quarter of 2022 (compared with 14.1% in the fourth quarter of 2021).
Industrial producer prices up by 0.7% in the euro area and by 0.8% in the EU
(Source: Eurostat)
In May 2022, industrial producer prices rose by 0.7% in the euro area and by 0.8% in the EU, compared with April 2022, according to estimates from Eurostat, the statistical office of the European Union. In April 2022, prices increased by 1.2% in the euro area and by 1.3% in the […]
Åsa Larson re-elected as member of EIOPA’s Management Board
(Source: EIOPA)
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) today re-elected Åsa Larson, Executive Director of Insurance at the Swedish Financial Supervisory Authority, Finansinspektionen, as member of the EIOPA’s Management Board. Her term on the Management Board has been extended by two and a half years.
EIOPA’s supervisory activities in 2021
(Source: EIOPA)
The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual report on supervisory activities in 2021. The report highlights the most important deliverables achieved during the year, including a review of the priorities in the field of supervisory convergence to take stock of emerging and future challenges both from […]
ESAs refer stakeholders to Commission statement on the application date of new PRIIPs rules
(Source: EIOPA)
The European Supervisory Authorities (ESAs) would like to draw the attention of stakeholders to a Statement by the European Commission concerning the application date of new rules for the Key Information Document (KID) for packaged retail and insurance-based investment products (PRIIPs).
The Statement of the European Commission confirms that it is intended:
for the […]