1269

result(s)

Word(s)
Publication type
Author
Keyword
Date

Adapting to new digital realities: Main issues and policy responses

19-04-2018

Digital technologies have changed the way we live and transformed the world around us at unprecedented speed. They have affected all important aspects of life, both at work and at home, and have influenced almost everything from human relations to the economy, to the extent that access to the internet has now become a basic human right recognised by the United Nations. This profound change presents both opportunities and threats to our society. Citizens need specific skills and access to be able ...

Digital technologies have changed the way we live and transformed the world around us at unprecedented speed. They have affected all important aspects of life, both at work and at home, and have influenced almost everything from human relations to the economy, to the extent that access to the internet has now become a basic human right recognised by the United Nations. This profound change presents both opportunities and threats to our society. Citizens need specific skills and access to be able to meaningfully take part in society and work. European businesses need an adequate policy framework and infrastructure to capture the enormous value created by the digital economy. Supporting innovation, removing barriers in the digital single market, and effectively managing and using data are the necessary tools to assist them and boost economic growth in Europe. The European Union takes an active part in shaping the digital economy and society, with cross policy initiatives that range from boosting investment, through reforms of copyright and e privacy, to removal of geo-blocking and development of e-government. This multifaceted approach is necessary to facilitate adaptation to complex new realities. The European Parliament, as co legislator, is involved in shaping the policy framework which will help citizens and businesses fully utilise the potential of digital technologies.

Cash outflows in crisis scenarios: do liquidity requirements and reporting obligations give the SRB sufficient time to react?

19-04-2018

Bank failures have multiple causes though they are typically precipitated by a rapidly unfolding funding crisis. The European Union’s new prudential liquidity requirements offer some safeguards against risky funding models, but will not prevent such scenarios. The speed of events seen in the 2017 resolution of a Spanish bank offers a number of lessons for the further strengthening of the resolution framework within the euro area, in particular in terms of inter-agency coordination, the use of payments ...

Bank failures have multiple causes though they are typically precipitated by a rapidly unfolding funding crisis. The European Union’s new prudential liquidity requirements offer some safeguards against risky funding models, but will not prevent such scenarios. The speed of events seen in the 2017 resolution of a Spanish bank offers a number of lessons for the further strengthening of the resolution framework within the euro area, in particular in terms of inter-agency coordination, the use of payments moratoria and funding of the resolution process.

External author

Alexander Lehmann (Bruegel)

Competition in Air Transport

16-04-2018

Competition in the aviation sector pertains to different sets of rules, competition law on the one hand and, given the cross-border interdependencies of transport markets, international rules on the other hand. The workshop aimed to examine the current situation of competition in air transport using the proposed regulation on Safeguarding competition in air transport, repealing Regulation (EC) No 868/2004 as a practical example and starting point for the discussion. The Committee on Economic and ...

Competition in the aviation sector pertains to different sets of rules, competition law on the one hand and, given the cross-border interdependencies of transport markets, international rules on the other hand. The workshop aimed to examine the current situation of competition in air transport using the proposed regulation on Safeguarding competition in air transport, repealing Regulation (EC) No 868/2004 as a practical example and starting point for the discussion. The Committee on Economic and Monetary Affairs (ECON) has prepared a legislative opinion to this dossier. This Workshop was prepared by Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).

External author

Kay MITUSCH, Universit Karlsruhe, Pablo MENDES DE LEON, University Leiden and Internationa Civil Aviation Organization (ICAO)

Revision of the Fourth Anti-Money-Laundering Directive

12-04-2018

Directive (EU) 2015/849, which forms part of the EU regulatory framework to combat financial crime, has shown gaps in the light of terrorist attacks and various tax leaks. In this context, the European Commission proposed to amend the directive, along with Directive 2009/101/EC, to broaden their scope, lower thresholds benefiting from exemptions and provide for the creation of automated centralised mechanisms (e.g. central electronic data retrieval systems). The European Parliament and Council each ...

Directive (EU) 2015/849, which forms part of the EU regulatory framework to combat financial crime, has shown gaps in the light of terrorist attacks and various tax leaks. In this context, the European Commission proposed to amend the directive, along with Directive 2009/101/EC, to broaden their scope, lower thresholds benefiting from exemptions and provide for the creation of automated centralised mechanisms (e.g. central electronic data retrieval systems). The European Parliament and Council each put forward substantial modifications to the Commission proposal, including not amending the aforementioned Directive 2009/101/EC. These include: the obligation for Member States to provide data to the Commission on trusts and legal arrangements; specific professional secrecy obligations for staff working, or having worked for, competent authorities supervising credit and financial institutions; cooperation between competent authorities; or the obligation for Member States to provide Financial Intelligence Units (FIUs) with access to information – including through registries or central electronic data retrieval systems – which allows the identification of any natural or legal person owning real estate. The agreement reached in trilogue negotiations now needs to be approved by the Parliament in plenary, and thereafter by the Council. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

From Rome to Sibiu

12-04-2018

The purpose of this paper is to assess the follow-up and delivery by the European Council on the priorities that were set in the declaration adopted in Rome on 25 March 2017 on the occasion of the 60th anniversary of the Treaties of Rome. The analysis shows that in the year since Rome, and a year before the special summit on the Future of Europe debate, due to take place in the Romanian city of Sibiu on 9 May 2019, substantive progress has been made regarding the debate itself and implementation ...

The purpose of this paper is to assess the follow-up and delivery by the European Council on the priorities that were set in the declaration adopted in Rome on 25 March 2017 on the occasion of the 60th anniversary of the Treaties of Rome. The analysis shows that in the year since Rome, and a year before the special summit on the Future of Europe debate, due to take place in the Romanian city of Sibiu on 9 May 2019, substantive progress has been made regarding the debate itself and implementation of the policy priorities identified in the Bratislava Declaration/Roadmap and the Rome Declaration. The evidence so far suggests that the European Council, as well as the other EU institutions, have followed up on the pledges made in Rome, in an effort to boost the legitimacy of the EU, connect with a disaffected public, and combat Euroscepticism. The Leaders' Agenda, adopted by October 2017, made an important contribution to the Future of Europe debate and, furthermore, was a potentially far-reaching institutional innovation for the European Council. Under the Leaders' Agenda, discussions among the Heads of State or Government now attempt to resolve seemingly intractable policy disputes by means of a new working method. Not only has this helped to operationalise the Rome Declaration, it also seems to have consolidated the European Council's position at the centre of the EU policy-making and agenda-setting framework.

Circular economy: Four proposals on waste

11-04-2018

As part of a shift towards a circular economy, the European Commission put forward four legislative proposals intended to improve waste management in the European Union in 2015. First-reading negotiations with the Council delivered a compromise, which now awaits a vote in Parliament during the April plenary session.

As part of a shift towards a circular economy, the European Commission put forward four legislative proposals intended to improve waste management in the European Union in 2015. First-reading negotiations with the Council delivered a compromise, which now awaits a vote in Parliament during the April plenary session.

Revision of the Anti-money-laundering Directive

11-04-2018

The current EU regulatory framework for financial crime –composed of Directive (EU) 2015/849, and Regulation (EU) 2015/847– faces the challenge of keeping pace with technological innovation in financial services, which can create new opportunities to conceal financing, as well as the potential exploitation by criminals of loopholes in the system. Following approval in committee in January, the report is due to be voted in plenary in April.

The current EU regulatory framework for financial crime –composed of Directive (EU) 2015/849, and Regulation (EU) 2015/847– faces the challenge of keeping pace with technological innovation in financial services, which can create new opportunities to conceal financing, as well as the potential exploitation by criminals of loopholes in the system. Following approval in committee in January, the report is due to be voted in plenary in April.

The role of national fiscal bodies: State of play (April 2018)

10-04-2018

This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the ...

This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the preparation of these programmes/plans; and 2) to give an overview of the current set-up and role of these independent fiscal bodies based on the most recent assessment by the European Commission.

Outcome of the EU leaders' meetings on 22 and 23 March 2018

09-04-2018

On 22 and 23 March 2018, the EU Heads of State or Government convened in four different formations with varying compositions and levels of formality: a regular meeting of the European Council, a Leaders' Meeting on taxation, a Euro Summit and a European Council (Article 50) meeting. While economic and competitiveness issues featured, as is traditional, on the agenda of this spring European Council, the discussions focused largely on trade, the Salisbury attack, Turkey and Brexit. The informal leaders ...

On 22 and 23 March 2018, the EU Heads of State or Government convened in four different formations with varying compositions and levels of formality: a regular meeting of the European Council, a Leaders' Meeting on taxation, a Euro Summit and a European Council (Article 50) meeting. While economic and competitiveness issues featured, as is traditional, on the agenda of this spring European Council, the discussions focused largely on trade, the Salisbury attack, Turkey and Brexit. The informal leaders' meeting on tax considered ways of adapting European taxation systems to the digital economy and of strengthening the fight against tax evasion and avoidance. At the European Council (Article 50) meeting, the EU-27 Heads of State or Government considered the framework and adopted guidelines for post-Brexit relations with the UK. They also welcomed the agreement reached by the negotiators on parts of the legal text of the Withdrawal Agreement, including the transition period. While there were no formal conclusions at the Euro Summit meeting, participants discussed the long-term development of Economic and Monetary Union and agreed to take relevant decisions in June 2018.

The role of national parliaments in the European Semester for economic policy coordination

05-04-2018

This briefing summarises the findings of a survey on the role of national parliaments in the European Semester for economic policy coordination. The survey was conducted by the Economic Governance Support Unit of the European Parliament between 30 January and 8 February 2018.

This briefing summarises the findings of a survey on the role of national parliaments in the European Semester for economic policy coordination. The survey was conducted by the Economic Governance Support Unit of the European Parliament between 30 January and 8 February 2018.

Upcoming events

24-04-2018
Preventing and Countering Radicalisation
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TERR
24-04-2018
Outlook for the US mid-term elections: Where next for American politics?
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EPRS
24-04-2018
CAP post-2020 - the future of food and farming: interparliamentary committee meeting
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AGRI

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