Other news - January 2013
Retailers play an important role in bringing the Single Market to EU consumers. However, barriers to the creation of an efficient and competitive single market in retail remain. The European Commission has adopted an Action plan setting out a strategy to improve the competitiveness of this sector. It has also adopted a Green paper on unfair trading practices in the business-to-business food and non-food supply chain.
The mediation process on private copying and reprography levies has concluded with the presentation today of the Mediator’s Recommendations to Commissioner Barnier.
In the context of discussions on the European Commission’s proposal on the award of concession contracts, the Commission stands accused in some media of wanting to privatise the distribution of water. The Commission denies all allegations of such an intention which is a deliberately erroneous reading of the legislative proposal.
European Parliament’s vote on new rules to regulate credit rating agencies (CRAs): Statement by Commissioner Barnier
Commissioner Barnier has welcomed the agreement on new rules on credit rating agencies (CRAs) reached today by the European Parliament. “This agreement will considerably improve the quality of ratings. Credit rating agencies will have to be more transparent when rating sovereign states and will have to follow stricter rules which will make them more accountable for mistakes in case of negligence or intent”, said the Commissioner.
Basel Committee’s agreement on the revised liquidity standards for banks: Statement by Commissioner Barnier
Commissioner Barnier has welcomed the unanimous agreement on the revised liquidity standards for banks reached yesterday by the Basel Committee on Banking Supervision. “I now call upon the Parliament and the Council to successfully conclude the CRD IV trilogue negotiations in the coming weeks”, said the Commissioner.