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Publicado en 25-04-2018

European Investment Bank: 2016 financial report

25-04-2018

During the May I plenary session, the European Parliament is expected to discuss the financial report of the European Investment Bank (EIB) for the year 2016. The increasing importance of the EIB, both in budgetary terms and in its varied funding contributions in different areas of activity, calls for high level of transparency and accountability. Although the European Parliament's Committee on Budgetary Control (CONT) acknowledges some progress in this regard, it considers there is still room for ...

During the May I plenary session, the European Parliament is expected to discuss the financial report of the European Investment Bank (EIB) for the year 2016. The increasing importance of the EIB, both in budgetary terms and in its varied funding contributions in different areas of activity, calls for high level of transparency and accountability. Although the European Parliament's Committee on Budgetary Control (CONT) acknowledges some progress in this regard, it considers there is still room for improvement.

Promoting sustainable transport and removing bottlenecks in key network infrastructure

25-04-2018

Ahead of the Commission’s forthcoming proposals on the new Multiannual Financial Framework, which are expected in May 2018, the May I plenary session is expected to discuss an own-initiative report which assesses the implementation of cohesion policy and the thematic objective of promoting sustainable transport and removing bottlenecks in key network infrastructure, including recommendations for the post-2020 period.

Ahead of the Commission’s forthcoming proposals on the new Multiannual Financial Framework, which are expected in May 2018, the May I plenary session is expected to discuss an own-initiative report which assesses the implementation of cohesion policy and the thematic objective of promoting sustainable transport and removing bottlenecks in key network infrastructure, including recommendations for the post-2020 period.

Media pluralism and media freedom in the EU

25-04-2018

Media freedom and pluralism are among the rights and principles enshrined in the European Charter of Fundamental Rights and in the European Convention on Human Rights, as well as part of the Copenhagen criteria for membership of the EU, related to democracy and human rights. Despite that, there are currently concerns regarding threats to media freedom and pluralism in the EU. The own-initiative report on Media Pluralism and Media Freedom in the EU, due to be voted in plenary in May, aims at contributing ...

Media freedom and pluralism are among the rights and principles enshrined in the European Charter of Fundamental Rights and in the European Convention on Human Rights, as well as part of the Copenhagen criteria for membership of the EU, related to democracy and human rights. Despite that, there are currently concerns regarding threats to media freedom and pluralism in the EU. The own-initiative report on Media Pluralism and Media Freedom in the EU, due to be voted in plenary in May, aims at contributing towards free and pluralistic media systems across the EU that play a key role in any democratic society.

2016 report on protection of the European Union's financial interests – fight against fraud

25-04-2018

In 2016, 19 080 irregularities affecting the EU budget were reported to the Commission, which is a decrease of 15 % in comparison to 2015. Furthermore, the value of irregularities decreased by 8 % from €3.21 billion in 2015 to €2.97 billion in 2016. Of the total, 1 410 fraudulent irregularities were reported, involving €391 million.

In 2016, 19 080 irregularities affecting the EU budget were reported to the Commission, which is a decrease of 15 % in comparison to 2015. Furthermore, the value of irregularities decreased by 8 % from €3.21 billion in 2015 to €2.97 billion in 2016. Of the total, 1 410 fraudulent irregularities were reported, involving €391 million.

How could the Stability and Growth Pact be simplified?

25-04-2018

This note provides a summary of three external papers requested by the ECON Committee in the context of the Parliament scrutiny activities of the Euro area. The main objective of these papers is to advance proposals on how the fiscal rules of the Stability and Growth Pact could be simplified, in order to enhance its credibility, transparency and enforceability, while allowing some room for flexibility. Several EU insitutions have recognised the complexity of the SGP and the consequent need for ...

This note provides a summary of three external papers requested by the ECON Committee in the context of the Parliament scrutiny activities of the Euro area. The main objective of these papers is to advance proposals on how the fiscal rules of the Stability and Growth Pact could be simplified, in order to enhance its credibility, transparency and enforceability, while allowing some room for flexibility. Several EU insitutions have recognised the complexity of the SGP and the consequent need for simplification: some relevant positions are reported in this note as well.

Recovery and resolution of central counterparties (CCPs)

25-04-2018

In recent years, the role and systemic importance of central counterparties (CCPs) has expanded with the gradual implementation of the obligation to centrally clear liquid and standardised over-the-counter (OTC) derivatives. The relevant EU regulatory framework lays down prudential requirements for CCPs, as well as requirements regarding their operation, oversight and risk management. No harmonised EU rules, however, exist for the unlikely situations in which these standards prove insufficient to ...

In recent years, the role and systemic importance of central counterparties (CCPs) has expanded with the gradual implementation of the obligation to centrally clear liquid and standardised over-the-counter (OTC) derivatives. The relevant EU regulatory framework lays down prudential requirements for CCPs, as well as requirements regarding their operation, oversight and risk management. No harmonised EU rules, however, exist for the unlikely situations in which these standards prove insufficient to address major financial or operational difficulties that CCPs may incur or their outright failure. The international standard-setting organisations have developed standards for the recovery and resolution of financial market infrastructures, including CCPs. In a 2013 own-initiative resolution, the Parliament called on the Commission to prioritise the recovery and resolution of CCPs and reiterated this request in a 2015 resolution on building a capital markets union. In November 2016 the European Commission adopted a proposal for a regulation requiring CCPs to prepare recovery measures and providing resolution authorities with early intervention and resolution powers. Parliament’s Committee on Economic and Monetary Affairs (ECON) adopted its report on the proposal on 24 January 2018. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Review of the Directive on the Re-use of Public Sector Information (Directive 2013/37/EU)

25-04-2018

The Directive on the re-use of public sector information 2013/37/EU (PSI Directive) provides a common legal framework for a European market for public sector information. It entered into force on 17 July 2013 following a review of the initial PSI Directive of 17 November 2003. This implementation appraisal is written in anticipation of the second review of the directive, the plans for which are likely to be presented by the end of April 2018 as part of a broader package targeting the data economy ...

The Directive on the re-use of public sector information 2013/37/EU (PSI Directive) provides a common legal framework for a European market for public sector information. It entered into force on 17 July 2013 following a review of the initial PSI Directive of 17 November 2003. This implementation appraisal is written in anticipation of the second review of the directive, the plans for which are likely to be presented by the end of April 2018 as part of a broader package targeting the data economy. The upcoming review will attempt to identify opportunities for reducing regulatory costs and for simplifying the existing legislation without negatively affecting the achievements of the underlying policy goals. The ongoing evaluation of the Directive on the legal protection of databases 96/9/EC (Database Directive) will feed into the review by identifying potential issues with the interplay between the PSI and Database Directives. The Commission has also announced that the PSI review will be aligned with the follow-up actions to the REFIT mid-term policy evaluation of Directive 2007/2/EC, 'INSPIRE' (Directive establishing an Infrastructure for Spatial Information in the European Community). For these reasons, both these directives have been included in this appraisal.

Rates of value added tax

25-04-2018

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above proposal, submitted on 18 January 2018 and referred to Parliament's Committee on Economic and Monetary Affairs. The proposal amends Directive 2006/112/EC (hereafter the VAT Directive), which sets out the rules governing the current temporary VAT system (dating from 1993), which are currently based on the principle of origin. When the Council adopted ...

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above proposal, submitted on 18 January 2018 and referred to Parliament's Committee on Economic and Monetary Affairs. The proposal amends Directive 2006/112/EC (hereafter the VAT Directive), which sets out the rules governing the current temporary VAT system (dating from 1993), which are currently based on the principle of origin. When the Council adopted the common system of value added tax in 1967, the commitment was made to create a definitive VAT system operating within the European Community.

The ESM and the EIB: comparison of some features

25-04-2018

Following the Commission proposal to transform the European Stability Mechanism into the European Monetary Fund, and the statement by the ESM’s Chair to model the new body similarly to the European Investment Bank, this paper presents in a tabular format the main characteristics of these two institutions.

Following the Commission proposal to transform the European Stability Mechanism into the European Monetary Fund, and the statement by the ESM’s Chair to model the new body similarly to the European Investment Bank, this paper presents in a tabular format the main characteristics of these two institutions.

Research for REGI Committee - Control and Simplification of Procedures within European Structural and Investment Funds (ESIF)

16-04-2018

This study assesses the relationship between two components of European Structural and Investment Funds – control and audit systems, and simplification measures designed to reduce the complexity of implementation – and explores how this relationship conditions performance. It sets out financial control and audit systems and tasks in 2014-2020, and assesses the causes of complexity before exploring how issues are being addressed in the simplification agenda. The study reviews the treatment of control ...

This study assesses the relationship between two components of European Structural and Investment Funds – control and audit systems, and simplification measures designed to reduce the complexity of implementation – and explores how this relationship conditions performance. It sets out financial control and audit systems and tasks in 2014-2020, and assesses the causes of complexity before exploring how issues are being addressed in the simplification agenda. The study reviews the treatment of control and simplification in the post-2020 debate before drawing together conclusions and recommendations for ESIF stakeholders.

Autor externo

European Policies Research Centre School of Government and Public Policy University of Strathclyde: John BACHTLER

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