Libor, Terorist Finance Tracking Programme, plenary preparations | WPN World People News

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.

MEPs have another busy week ahead of them

The economic affairs committee debates on Thursday 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 Emily O’Reilly, European ombudsman 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 criticised this refusal.

Source: European Parliament