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European Parliament this week: Libor, Terrorist Finance Tracking Programme, plenary preparations
In the first full week of 2015, parliamentary committees meet in Brussels to discuss among others the transparency and reliability of benchmarks in financial markets and access to information on the EU-US Terrorist Finance Tracking Programme. In addition, political groups are preparing for next week’s plenary, while the development committee participates in the opening event of the European Year for Development.
The economic affairs committee will debate on Thursday (8 January) rules to improve the transparency and reliability of benchmarks that could affect key financial market rates or the pricing of retail financial contracts such as mortgages. The proposal comes after incidents of manipulation of the London Interbank Offered Rate (Libor) and Euro Interbank Offered Rate (Euribor). On Thursday, the civil liberties committee has a discussion with European Ombudsman Emily O’Reilly and Europol's data protection supervisor on Europol’s refusal to allow public access to information on the implementation of the EU-US Terrorist Finance Tracking Programme (TFTP). The ombudsman has already criticized this refusal.
A delegation from the development committee participates on Thursday and Friday in the opening event of the European Year for Development 2015 in Riga.
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