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Posted on 22-03-2017

An Assessment of the Economic Impact of Brexit on the EU 27

01-03-2017

This paper, managed by the Policy Department on Economic and Scientific Policies for the Committee on Internal Market and Consumer Protection, assesses the likely impact of Brexit on EU27, together with some scenarios for the terms of the UK’s secession. For the EU 27, the losses are found to be virtually insignificant, and hardly noticed in the aggregate. By contrast, for the UK, the losses could be highly significant, over ten times greater as a share of GDP. Impacts on various Member States – ...

This paper, managed by the Policy Department on Economic and Scientific Policies for the Committee on Internal Market and Consumer Protection, assesses the likely impact of Brexit on EU27, together with some scenarios for the terms of the UK’s secession. For the EU 27, the losses are found to be virtually insignificant, and hardly noticed in the aggregate. By contrast, for the UK, the losses could be highly significant, over ten times greater as a share of GDP. Impacts on various Member States – in particular Ireland – and sectors in the EU27 could be more pronounced.

External author

Michael Emerson, Matthias Busse, Mattia Di Salvo, Daniel Gros and Jacques Pelkmans (Centre for European Policy Studies - CEPS, Brussels, Belgium)

Posted on 20-03-2017

Offshore Activities and Money Laundering: Recent Findings and Challenges

01-03-2017

The Panama papers and further leaks revealed that money laundering and tax evasion are important issues, which often go hand in hand. The major role of offshore centres is to provide secrecy. With this, offshore centres played an important role for hiding illegal activities, criminal identity and criminal ownership of assets right from their start. In the last years, combating tax evasion and money laundering have become politically more important. A ‘hot phase of regulation’ has started initiated ...

The Panama papers and further leaks revealed that money laundering and tax evasion are important issues, which often go hand in hand. The major role of offshore centres is to provide secrecy. With this, offshore centres played an important role for hiding illegal activities, criminal identity and criminal ownership of assets right from their start. In the last years, combating tax evasion and money laundering have become politically more important. A ‘hot phase of regulation’ has started initiated from the US. The paper argues that Europe has to find its own European way of creating compliance among its member states. For this, creating transparency with regard to bank registers, beneficial ownership, tax accounts and criminal investigations is important. The regulation of European offshore centres would be a first promising step. A homogenous European anti- money laundering and anti-tax evasion policy would need a differentiated EU approach for different groups of Member States and not a one size fits all approach. This publication was managed by the Policy Department on Economic and Scientific Policies for the Committee on Money laundering, tax avoidance and tax evasion (PANA).

External author

Brigitte Unger

Posted on 16-03-2017

Civilian and Military Personnel in CSDP Missions and Operations

16-02-2017

The workshop was organised on January 26, 2017 at the initiative of the Subcommittee on Security and Defence (SEDE) with the aim to highlight trends, challenges and recommendations regarding civilian and military personnel deployed in CSDP missions and operations in particular in the areas of force generation, training and the national follow-up on crimes and offences perpetrated during deployment. Annalisa Creta is research fellow of the Sant’Anna School of Advanced Studies in Italy, specialised ...

The workshop was organised on January 26, 2017 at the initiative of the Subcommittee on Security and Defence (SEDE) with the aim to highlight trends, challenges and recommendations regarding civilian and military personnel deployed in CSDP missions and operations in particular in the areas of force generation, training and the national follow-up on crimes and offences perpetrated during deployment. Annalisa Creta is research fellow of the Sant’Anna School of Advanced Studies in Italy, specialised in civilian crisis management with a particular focus on training issues. Petteri Taitto is affiliated with the Laurea University of Applied Sciences in Finland as principal scientist. Alberto di Martino is full professor of criminal law at the Sant’Anna School of Advanced Studies in Italy.

External author

Annalisa CRETA, Alberto di MARTINO, Mark NEMEDI (Sant’Anna School of Advanced Studies, Pisa, Italy) and Petteri TAITTO (Laurea University of Applied Sciences, Vantaa, Finland) The paper has been developed under the overall scientific supervision of Andrea de Guttry (DIRPOLIS Institute, Sant’Anna School of Advanced Studies, Pisa, Italy)

Posted on 15-03-2017

Addressing Developing Countries’ Challenges in Free Trade Implementation

02-02-2017

The present study places the potential effects of Economic Partnership Agreement (EPA) liberalisation on government revenue in signatory states within the broader context of regional integration and global liberalisation. Based on a review of the secondary literature it finds that the revenue effect may be severe in some, but by no means all, cases and that the forecasts now need to be updated by country-level studies using the details of liberalisation schedules actually agreed. The evidence also ...

The present study places the potential effects of Economic Partnership Agreement (EPA) liberalisation on government revenue in signatory states within the broader context of regional integration and global liberalisation. Based on a review of the secondary literature it finds that the revenue effect may be severe in some, but by no means all, cases and that the forecasts now need to be updated by country-level studies using the details of liberalisation schedules actually agreed. The evidence also suggests that poor countries find it very hard to replace government revenue lost through liberalisation but that where there have been successes the measures taken include those needed to increase any gains from regional and global trade integration. Such reforms require sustained commitment (by donors and recipients) over many years. The stresses created by EPAs (and regional liberalisation) increase the need for such commitment; but they also offer an opportunity since they include an appropriate framework for providing appropriate assistance. Yet data on flows of aid for trade do not indicate that an adequate commitment has yet been made. Six recommendations are made on actions that the European Parliament might champion to reduce the risks of an ‘EPA revenue squeeze’ in ways that support recipients’ capacity to benefit from greater regional and global integration.

External author

Isabella MASSA and Christopher STEVENS (Overseas Development Institute)

Carving Out Legacy Assets: A Successful Tool for Bank Restructuring?

15-03-2017

This paper drafted under supervision of the Economic Governance Support Unit considers a number of issues related to the restructuring of troubled banks in the EU. First, we provide an overview of how legacy assets have been dealt in a number of countries (drawing in particular upon the experience in Japan, the USA, Sweden and Spain), which support the case for a centralized solution in the presence of a generalized banking crisis. Second, we shed light on the need to differentiate between systemic ...

This paper drafted under supervision of the Economic Governance Support Unit considers a number of issues related to the restructuring of troubled banks in the EU. First, we provide an overview of how legacy assets have been dealt in a number of countries (drawing in particular upon the experience in Japan, the USA, Sweden and Spain), which support the case for a centralized solution in the presence of a generalized banking crisis. Second, we shed light on the need to differentiate between systemic and non-systemic events by examining the relevant literature on the credit channel. Third, we elaborate the theoretical argument on the need for a systematic centralised approach at the EU level to deal with legacy assets in bank restructuring to maintain fair recovery rates. Finally, we provide a preliminary assessment of the business models, risk, response to regulation and performance of 38 state aided banks via recapitalisation measures and explicit restructuring requirements with an emphasis on APS-AMC arrangements using available data between 2005 and 2015. The indicators show that these state aided banks are returning progressively to soundness and struggling to regain performance levels of the pre-crisis period, which is a generalised problem of the European banking sector.

External author

Rym Ayadi, Giovanni Ferri and Rosa M. Lastra

Posted on 14-03-2017

Fighting tax crimes – Cooperation between Financial Intelligence Units

14-03-2017

Financial intelligence units (FIUs) are the national structures responsible for the receipt, analysis and dissemination of financial information to combat money laundering and terrorist financing. Given the strong cross-border dimensions of money laundering, the exchange of information across FIUs is key to ensure illicit flows of money are properly detected and subsequently investigated by law enforcement authorities. This study aims to provide a better understanding of the current state of play ...

Financial intelligence units (FIUs) are the national structures responsible for the receipt, analysis and dissemination of financial information to combat money laundering and terrorist financing. Given the strong cross-border dimensions of money laundering, the exchange of information across FIUs is key to ensure illicit flows of money are properly detected and subsequently investigated by law enforcement authorities. This study aims to provide a better understanding of the current state of play in relation to the role, powers and activities of FIUs in fighting financial crime in general and tax crimes in particular, both at European and International level.

External author

AUTHORS of the comparative analysis: Dr Anthony Amicelle (International Centre for Comparative Criminology, Université de Montréal, Quebec, Canada), with Julien Berg (École de Criminologie, Université de Montréal) and Killian Chaudieu (École des sciences criminelles, Université de Lausanne, Switzerland)

Posted on 10-03-2017

European Council Conclusions: A Rolling Check-List of Commitments to Date (11th edition)

10-03-2017

The European Council's role - to 'provide the Union with the necessary impetus for its development' and to define its 'general political directions and priorities' - has developed rapidly over the past seven years. Since June 2014, the European Council Oversight Unit within the European Parliamentary Research Service (EPRS), the European Parliament's in-house research service and think-tank, has been monitoring and analysing the European Council's delivery of the various commitments made in the conclusions ...

The European Council's role - to 'provide the Union with the necessary impetus for its development' and to define its 'general political directions and priorities' - has developed rapidly over the past seven years. Since June 2014, the European Council Oversight Unit within the European Parliamentary Research Service (EPRS), the European Parliament's in-house research service and think-tank, has been monitoring and analysing the European Council's delivery of the various commitments made in the conclusions of its meetings. This overview, presented in the form of a regularly updated Rolling Check-List of Commitments to Date, is designed to review the degree of progress in realising the goals which the European Council has set itself since January 2010 and to assist the Parliament in exercising its important oversight role in this field.

Review Clauses in EU Legislation: A Rolling Check-List (5th edition)

10-03-2017

This check-list presents a comprehensive overview of ‘review clauses’, that is to say, review, evaluation and reporting provisions contained in recent EU legislative acts and programmes. It is produced by the Policy Cycle Unit of the European Parliamentary Research Service (EPRS), the EP's in-house research service and think- tank, with a view to supporting parliamentary committees in monitoring the evaluation of EU law, policies and programmes, thus feeding the ex-post analysis into the ex-ante ...

This check-list presents a comprehensive overview of ‘review clauses’, that is to say, review, evaluation and reporting provisions contained in recent EU legislative acts and programmes. It is produced by the Policy Cycle Unit of the European Parliamentary Research Service (EPRS), the EP's in-house research service and think- tank, with a view to supporting parliamentary committees in monitoring the evaluation of EU law, policies and programmes, thus feeding the ex-post analysis into the ex-ante phase of the policy cycle. The European Parliament is strongly committed to the concept of better law-making, and particularly to the effective use of ex-ante impact assessment and ex-post evaluation throughout the whole legislative cycle. It is in this spirit that Parliament shows a particular interest in following the transposition, implementation and enforcement of EU law and EU programmes and, more generally, monitoring the impact, operation, effectiveness and delivery of policy and programmes in practice.

Special Reports of the European Court of Auditors: A Rolling Check-List of recent findings

10-03-2017

This rolling check-list presents a comprehensive overview of the European Court of Auditors' (ECA) special reports, concentrating on those relevant for the 2015 EU discharge procedure. The document seeks to link the topics discussed by the special reports to the relevant debates and positions within the European Parliament, including notably the working documents of the Budgetary Control Committee, to the work of the various specialised parliamentary committees, and to individual Members' questions ...

This rolling check-list presents a comprehensive overview of the European Court of Auditors' (ECA) special reports, concentrating on those relevant for the 2015 EU discharge procedure. The document seeks to link the topics discussed by the special reports to the relevant debates and positions within the European Parliament, including notably the working documents of the Budgetary Control Committee, to the work of the various specialised parliamentary committees, and to individual Members' questions. It is produced by the Policy Cycle Unit of the European Parliamentary Research Service (EPRS), the Parliament's in-house research service and think-tank, as part of its on-going support for parliamentary committees and individual Members, helping them to scrutinise the executive in its implementation of EU law, policies and programmes. The European Parliament is strongly committed to the concept of better law-making, and particularly to the effective use of ex-ante impact assessment and ex-post evaluation throughout the whole legislative cycle. It is in this spirit that the Parliament has a particular interest in following the transposition, implementation and enforcement of EU law, and, more generally, in monitoring the impact, operation, effectiveness and delivery of policy and programmes in practice.

Posted on 08-03-2017

Implementation of the 2015 Council Decisions Establishing Provisional Measures in the Area of International Protection for the Benefit of Italy and of Greece

07-03-2017

This study, commissioned by the European Parliament’s Policy Department for Citizens' Rights and Constitutional Affairs at the request of the LIBE Committee, examines the EU’s mechanism of relocation of asylum seekers from Greece and Italy to other Member States. It examines the scheme in the context of the Dublin System, the hotspot approach, and the EU-Turkey Statement, recommending that asylum seekers’ interests, and rights be duly taken into account, as it is only through their full engagement ...

This study, commissioned by the European Parliament’s Policy Department for Citizens' Rights and Constitutional Affairs at the request of the LIBE Committee, examines the EU’s mechanism of relocation of asylum seekers from Greece and Italy to other Member States. It examines the scheme in the context of the Dublin System, the hotspot approach, and the EU-Turkey Statement, recommending that asylum seekers’ interests, and rights be duly taken into account, as it is only through their full engagement that relocation will be successful. Relocation can become a system that provides flexibility for Member States and local host communities, as well as accommodating the agency and dignity of asylum seekers. This requires greater cooperation from receiving States, and a clearer role for a single EU legal and institutional framework to organise preference matching and rationalise efforts and resources overall.

External author

Elspeth GUILD (Centre for European Policy Studies, Brussels, Belgium), Cathryn COSTELLO (Refugee Studies Centre, University of Oxford, UK) and Violeta MORENO-LAX (Queen Mary University of London, UK) ; Research assistance: Christina VELENTZA (Democritus University of Thrace, Greece), Daniela VITIELLO (Roma Tre University, Rome, Italy) and Natascha ZAUN (Refugee Studies Centre, University of Oxford, UK)

Upcoming events

23-03-2017
Hearing on the Unitary Patent: state of play
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JURI
23-03-2017
US Politics today: Understanding recent dynamics
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EPRS
23-03-2017
Youth Guarantee and Youth Employment Initiative: Lessons from implementation
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