828

result(s)

Word(s)
Publication type
Author
Keyword
Date

Amending capital requirements: The 'CRD-V package'

21-09-2018

In June 2018, the Parliament's Economic & Monetary Affairs Committee (ECON) voted its report on the legislative proposals amending the current Capital Requirements Directive and Regulation (the 'CRD-IV package') which set the prudential framework for financial institutions operating in the EU. The Council (Ecofin) achieved agreement on its position on the initiative in May. The proposed amendments to the package, now being discussed by the two institutions in trilogue, implement the most recent international ...

In June 2018, the Parliament's Economic & Monetary Affairs Committee (ECON) voted its report on the legislative proposals amending the current Capital Requirements Directive and Regulation (the 'CRD-IV package') which set the prudential framework for financial institutions operating in the EU. The Council (Ecofin) achieved agreement on its position on the initiative in May. The proposed amendments to the package, now being discussed by the two institutions in trilogue, implement the most recent international regulatory standards for banks, set by the Basel Committee on Banking Supervision ('Basel III framework'). They also address some regulatory shortcomings and aim to contribute to sustainable bank financing of the economy.

Thematic Digest: Economic Governance

20-09-2018

The Economic Governance Support Unit (EGOV) provides expertise to support the European Parliament and its relevant committees and bodies, notably in their scrutiny-related activities on the economic governance and banking union frameworks.

The Economic Governance Support Unit (EGOV) provides expertise to support the European Parliament and its relevant committees and bodies, notably in their scrutiny-related activities on the economic governance and banking union frameworks.

Single Supervisroy Mechanism (SSM) – Accountability arrangements and legal base for hearings in the European Parliament - State of Play - September 2018

19-09-2018

This note prepared by the Economic Governance Support Unit provides an overview of the EP’s accountability hearings in the context of the Single Supervisory Mechanism.

This note prepared by the Economic Governance Support Unit provides an overview of the EP’s accountability hearings in the context of the Single Supervisory Mechanism.

Single Resolution Board (SRB) - Accountability Arrangements and Legal Base for Hearings in the European Parliament - State of Play - September 2018

19-09-2018

This note prepared by the Economic Governance Support Unit provides an overview of the EP’s accountability hearings in the context of the Single Resolution Mechanism.

This note prepared by the Economic Governance Support Unit provides an overview of the EP’s accountability hearings in the context of the Single Resolution Mechanism.

The National Productivity Boards

19-09-2018

This document presents some features of the National Productivity Boards (originally proposed as Competitiveness Boards), introduced in the context of the deepening of the Economic and Monetary Union. It also provides some information on the status of implementation of National Productivity Boards in the Euro area Member States.

This document presents some features of the National Productivity Boards (originally proposed as Competitiveness Boards), introduced in the context of the deepening of the Economic and Monetary Union. It also provides some information on the status of implementation of National Productivity Boards in the Euro area Member States.

Member States with Excessive Macroeconomic Imbalances

19-09-2018

This note provides an overview on the state-of-play of the surveillance of the three Member States that have been assessed as part of the 2018 European Semester cycle as experiencing excessive macroeconomic imbalances in the context of the Macroeconomic Imbalance Procedure. Separate notes describe the state of play of the MIP implementation and the MIP procedure.

This note provides an overview on the state-of-play of the surveillance of the three Member States that have been assessed as part of the 2018 European Semester cycle as experiencing excessive macroeconomic imbalances in the context of the Macroeconomic Imbalance Procedure. Separate notes describe the state of play of the MIP implementation and the MIP procedure.

Studies in Focus: Mis-selling of Financial Products

14-09-2018

This note, prepared by Policy Department A for the Committee on Economic and Monetary Affairs, gives an overview of five studies on Mis-selling of financial products which were published in June 2018.

This note, prepared by Policy Department A for the Committee on Economic and Monetary Affairs, gives an overview of five studies on Mis-selling of financial products which were published in June 2018.

Abundant Liquidity and Bank Lending Activity: an Assessment of the Risks

14-09-2018

This paper assesses the risks facing the euro area banking system, as it returns to normal financial conditions without ECB support. In the first part we argue that risks to bank lending mainly stem from the transmission of external monetary policy effects that may not be aligned with ECB policies. The second part of the paper therefore offers some ideas on the need to moderate spillover effects from outside monetary policies or events. We also review how far new prudential policies, regulatory measures ...

This paper assesses the risks facing the euro area banking system, as it returns to normal financial conditions without ECB support. In the first part we argue that risks to bank lending mainly stem from the transmission of external monetary policy effects that may not be aligned with ECB policies. The second part of the paper therefore offers some ideas on the need to moderate spillover effects from outside monetary policies or events. We also review how far new prudential policies, regulatory measures and/or policies can be used to mitigate those unfavourable risks. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs.

External author

Andrew HUGHES HALLETT

Sovereign bond-backed securities: Risk diversification and reduction

13-09-2018

As a part of the European regulatory responses to the financial and sovereign debt crises, the European Commission has proposed a regulation on sovereign bond-backed securities (SBBS), a new class of low-risk securities backed by a diversified pool of national government bonds. The proposal seeks to provide an enabling framework for a market-led development of SBBS, thus encouraging banks and investors to diversify their holdings of euro area bonds. The proposal is meant to address a weakness that ...

As a part of the European regulatory responses to the financial and sovereign debt crises, the European Commission has proposed a regulation on sovereign bond-backed securities (SBBS), a new class of low-risk securities backed by a diversified pool of national government bonds. The proposal seeks to provide an enabling framework for a market-led development of SBBS, thus encouraging banks and investors to diversify their holdings of euro area bonds. The proposal is meant to address a weakness that appeared during the aforementioned crises, when banks' high exposure to their sovereigns' own debt, coupled with deteriorating creditworthiness of those sovereigns, led to balance sheet strains for banks. This in turn put pressure on government budgets, thus creating mutual contagion and financial instability. The procedure is currently at the initial stage in the European Parliament and the Council. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Are Sovereign Bond-Backed Securities (‘SBBS’) a ‘self-standing’ proposal to address the sovereign bank nexus?

13-09-2018

Further to the adoption by the Commission of a proposal for a Regulation on sovereign bond-backed securities (‘SBBS’) on 24 May 2018, this briefing outlines the main purposes of this “enabling regulatory framework” for the development of SBBS. SBBS have been presented by the Commission as a market-driven initiative. By removing regulatory obstacles that have hindered its development, this enabling framework would put SSBS to a market test. In that context, SBBS has been portrayed by Commission Vice ...

Further to the adoption by the Commission of a proposal for a Regulation on sovereign bond-backed securities (‘SBBS’) on 24 May 2018, this briefing outlines the main purposes of this “enabling regulatory framework” for the development of SBBS. SBBS have been presented by the Commission as a market-driven initiative. By removing regulatory obstacles that have hindered its development, this enabling framework would put SSBS to a market test. In that context, SBBS has been portrayed by Commission Vice President Dombrovskis at the May 2018 structural dialogue as “a proposal on its own”. This briefing focusses also on significant differences between the original ESRB proposal and the concept of SBBS, which no longer suggests institutional changes nor amendments to the existing regulatory treatment for sovereign debts. Absent such ‘flanking’ measures to SBBS, the question is raised as to whether SBBS as proposed by Commission would be met by sufficient demand.

Upcoming events

24-09-2018
Brexit and industry and space policy
Workshop -
ITRE
24-09-2018
Third meeting of the Joint Parliamentary Scrutiny Group (JPSG) on Europol
Other event -
LIBE
24-09-2018
Education in the digital era
Hearing -
CULT

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