Latest news from EU institutions and bodies

The Council approved conclusions on the 2024 in-depth reviews under the macroeconomic imbalance procedure. 

European Commission Speech Paris, 16 Jul 2024 Ladies and gentlemen, I am so grateful for this opportunity to address this event organised by the International Longevity Centre.  It is my privilege to accept...

European Commission Speech Virtual event, 16 Jul 2024 Dear colleagues and partners, Warm congratulations to German colleagues for an exemplary organisation of the European Football Championship which just ended. I ...

ESMA consults on firms’ order execution policies under MiFID II 16 July 2024 Investor protection The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today launched a consultation on draft technical standards specifying the criteria for how investment firms establish and assess the effectiveness of their order execution policies. The objective of the proposed technical standards is to foster investor protection by enhancing investment firms’ order execution.  ESMA is seeking stakeholder input on:   the establishment of an investment firm’s order execution policy. This includes the classification of financial instruments in which firms execute client orders and the initial selection of venues for the order execution policy; the investment firm’s procedures to monitor and regularly assess the effectiveness of its order execution arrangements and order execution policy; the investment firm’s execution of client orders through own account dealing; and on how an investment firm should deal with client instructions. Further information on the MiFID II / MiFIR review and the upcoming consultations can be found on the dedicated webpage. Next steps ESMA will consider all comments received by 16 October 2024.  Based on the input received, ESMA will prepare the final report for subsequent submission of the final draft technical standards to the European Commission.   Further information: Sarah Edwards Senior Communications Officerpress@esma.europa.eu 16/07/2024 ESMA35-335435667-5891 Consultation Paper on the Technical Standards specifying the criteria for establishing and assessing the effectiveness of investment firms’ order execution policies Consultation on the Technical Standards specifying the criteria for establishing and assessing the effectiveness of investment firms’ order execution policies

The EU issued a statement on the occasion of the anniversary of the adoption in 1998 of the Rome Statute, the founding treaty of the International Criminal Court, reaffirming its unwavering support for the ICC, calling on all states to cooperate with it, and supporting reform processes aimed at improving the effectiveness of the Court.

The EU issued a statement on the occasion of the 10th anniversary of the downing of Malaysia Airlines Flight MH17 honouring the memory of those who lost their lives, and reiterating the EU’s call on the Russian Federation to accept its responsibility in this tragedy and to cooperate fully in serving justice.

The Council agreed its country-specific recommendations on the economic, social, employment, structural and budgetary policies of member states. 

European Commission Statement Brussels, 16 Jul 2024 We welcomed the focus of the Presidency's programme on supporting competitiveness and on the implementation of the new economic governance framework. Both will ...

European Commission Statement Brussels, 16 Jul 2024 As Paschal just said, we started our meeting discussing the report of the European Fiscal Board, it was the last time for Niels Thygessen, so we congratulated h...