The European Parliament today voted on proposals to revise EU legislation on market abuse and insider trading, which were proposed in response to the LIBOR scandal. The Greens welcomed the outcome, notably provisions for tougher fines, more transparency and greater protection for whistleblowers, with Green finance spokesperson Sven Giegold stating:
ETS allowances – CSRF: Europe needs an industrial vision, not another burden
Brussels, 10th of September 2013:, Eurometaux, European association of metals, is highly concerned about the consequences and timing of the European Commission’s decision on the allocation of ETS allowances, more precisely on the cross-sectoral reduction factor (CSRF), published on Friday, 6 September.
“Cheaper energy strengthens the competitiveness of the EU economy and boosts economic growth and job creation; it also means more money in our pockets. What gives us the chance for cheaper energy is an integrated and solidary energy market. Its speedy implementation will ensure our security and sustainable use of our natural resources. It is now a moral obligation of the governments of all Member States", said Jerzy Buzek after the plenary vote of his Report on the completion of the EU internal energy market.
In October 2013, the first fully-fledged European Cyber Security Month (ECSM) will take place all over Europe. The campaign is under intensive planning with more than 40 partners and, currently, stakeholders in 25 countries across Europe participating. The EU’s ‘cyber security’ agency ENISA is, together with the European Commission Vice President and Commissioner, Neelie Kroes and the Commission Directorate General DG CONNECT, supporting this first full scale European Cyber Security Month, with more than 50 activities.
The European Parliament today adopted new EU legislation establishing the right of access to a lawyer in criminal proceedings, based on a final legislative agreement. After the vote, Green justice and home affairs spokesperson Jan Philipp Albrecht stated:
"The immorality, opacity and rampant abuse of some actors in the financial sector must be exposed and decisively punished," Portuguese MEP Marisa Matias told Commissioner Michel Barnier in today's European Parliament debate on insider trading and market manipulation that took place five years to the week since the collapse of Lehman brothers.
CEN (European Committee for Standardization) and CENELEC (European Committee for Electrotechnical Standardization) have signed a Memorandum of Understanding with ENTSO-E (European Network of Transmission System Operators for Electricity). The three organisations are committed to ensuring continuous cooperation, including regular exchanges of information and expertise, notably with regard to the development of European Standards and Network Codes that are necessary for efficient and reliable electricity distribution in Europe.
Brussels, September 10th, 2013: The European Copper Institute (ECI) launches a new, comprehensive web platform to address multiple stakeholders including copper users, professionals, journalists, students and policy makers. The platform contains the latest information on the uses of copper and its alloys, along with the benefits provided in the main areas of application. It also showcases the efforts of the European copper industry to strengthen the sustainability of its operations and products.
CLEPA has defied the global economic crisis by adding in a rapid pace 27 new organisations to its membership. Seven of these have enrolled soon after the General Assembly in June 2013. “Joining forces gives the automotive suppliers a stronger voice in policy shaping. Moreover CLEPA is launching a range of additional services. Membership is therefore more attractive than ever”, said Jean-Marc Gales, CLEPA CEO.
Commenting on the revelation that the US secret service NSA was also involved in the surveillance of SWIFT (the international bank transfer company), which was reported by the Washington Post based on new information from Edward Snowden (1), Green home affairs spokesperson Jan Philipp Albrecht, European Parliament rapporteur/draftsperson for new EU data protection rules, stated: