Credit Rating Agencies : Implementation of Legislation


The objectives of the workshop have been twofold: Firstly, stock taking of the state of play regarding the implementation of the new regulation for Credit Rating Agencies in the European Union. Secondly, outlining potential further developments in this area. The Workshop took also into account global developments in the area of credit rating agencies regulation.

18 March 2014, 12:30 - 15:00, room ASP 1G2

Monday Effect : Fuel Price Manipulation?


Significant price changes on certain days in a week or periods of the year indicate that fuel price movements do not exclusively depend on supply and demand. A number of Member States, for instance Germany, The United Kingdom and Spain have already started to investigate the issue; instruments to enhance price transparency have been established in some of them. The European Commission has launched enquiries. Fuel prices must now be reported to the European Commission.

The aim of the workshop is to have a look into the development of fuel prices in the EU. The results of the discussion will feed into the deliberations on competition policy in the ECON committee.

Competition in the transport sector: Market entry barriers in railway and aviation?


Liberalisation in the railway and aviation sector takes place at a different pace and the number of competitors to former state owned monopolists in particular in the railway sector is relatively low. The participants to this workshop discuss practical experiences and specific problems in both sectors.

The views exchanged during the workshop discussion shall provide support the ECON Members in determining their position in regard to the current discussion of the Report on the 'Annual Report on EU Competition Policy 2012'.

Workshop on State Aid Modernisation


On 8 May 2012 the European Commission published in a communication its intention to modernise the rules governing the assessment of State aid.

With a view to contribute to the implementation of the Europe 2020 strategy and budgetary consolidation the objectives of the modernisation of State aid control are threefold: to foster sustainable, smart and inclusive growth in a competitive internal market - to focus Commission ex ante scrutiny on cases with the biggest impact on internal market whilst strengthening the Member States cooperation in State aid enforcement - to streamline the rules and provide for faster decisions.

At this rather early stage the workshop aims to set the ground for the upcoming discussions on the modernisation package in the ECON committee.

Workshop on Bank's Remuneration Rules (CRD III)


In 2010 the European Parliament adopted 'CRD III' (i.e. Directive 2010/76/EU amending the Capital Requirements Directives) which included some of the strictest rules in the world regarding bankers' bonuses. These rules took effect in January 2011. After one year of application, the ECON Committee felt that the time has come to check if these tough new rules on bonuses are properly implemented and have effectively transformed the bonus culture and ended incentives for excessive risk-taking.

This workshop on the Implementation of Banks' Remuneration Rules (CRD III) seeks to gather information on the state of play of implementation, in particular diverging application and the effects thereof, and will try to gain views as to the efficiency of the new framework for bankers' bonuses. The views of the European Commission, as well as the current work of the Financial Stability Board (FSB), the European Banking Authority (EBA) and scientific experts in the area are properly taken into account for this evaluation.

Double Taxation in the European Union


Business and citizens risk being taxed by more than one Member State on the same revenue as soon as they cross an internal border within the Single Market even almost 20 years since its creation (according to the European Commission's recent Communication on Double Taxation COM(2011)712).

A year before, the Commission outlined the most serious tax problems that EU citizens face in cross-border situations (e.g. discrimination, double taxation, difficulties in claiming tax refunds and in obtaining information on foreign tax rules) and it announced plans to ensure that tax rules do not discourage individuals from benefiting from the Internal Market (COM(2010)769). But Member States' tax systems remain to be un-coordinated and double taxation is far from being removed. The ECON Committee has thus put double taxation on its agenda and is discussing the draft Annual Tax Report (Rapporteur Olle Schmidt).

This workshop seeks to facilitate the Report's discussion by introducing the subject and addressing important issues, such as the context of double taxation, implications for citizens, and the role of the Commission, the Council, the OECD (developing double taxation conventions) and the Court of Justice in driving changes of the present set-up.

Workshop on the Proposal for a new Energy Tax Directive


This workshop aims to prepare the upcoming discussion on the European Commission's proposal for a new Energy Tax Directive (ETD; COM(2011)169) and the subsequent report of the ECON Committee. It will explain background and aims of the proposal as well as possible economic and social impacts and implications for growth and competitiveness. Finally, in order to understand the practicalities of such a tax, the application of energy and CO2 taxes in Sweden are explained.