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Low IT spending by banks: Reason for concern?

Indgående analyse 24-06-2021

We collect data on IT spending as reported by banks directly supervised by the ECB in their 2020 annual reports. Slightly more than 50% of these banks report their IT spending. Our analysis, using data for those banks that do report IT expenditure, suggests that the distribution of IT expenses as share of operating income, operating expenses or total assets is uneven. We identify banks that score low on one or more of these ratios. It turns out that this group is very diverse. We argue that these ...

The transatlantic relationship has been witnessing a significant injection of renewed enthusiasm and policy activity since Joe Biden became President of the United States in January 2021. This paper focuses on three important issues on the rapidly evolving transatlantic policy agenda, exploring their potential for generating, in effect, new 'common global goods' during the Biden presidency. First, it looks at pathways towards developing some kind of 'transatlantic green deal', taking climate action ...

The purpose of the present study is to provide a tool for understanding the phenomenon of harmful tax competition within the EU, as well as making an in-depth assessment and proposing solutions. It contains policy recommendations for future EU standards. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the subcommittee on Tax Matters (FISC).

This EPRS paper analyses progress in attaining the policy agenda set out by Ursula von der Leyen, President of the European Commission, and her College of Commissioners when they took office in December 2019. It looks in particular at the state of play in respect of delivery on the six key priorities asserted at that time and at how they have since been affected by the impact of the coronavirus crisis. The evidence so far suggests that, rather than undermine their original agenda or knock it badly ...

In 2018, under the new Multiannual Financial Framework (MFF) for 2021-2027, the Commission put forward a proposal for a programme aimed at building the EU's strategic digital capacities (supercomputing, cybersecurity, artificial intelligence and skills) and at facilitating the deployment and uptake of digital technologies across Europe. Following an early second-reading agreement reached on 14 December 2020, Parliament is expected to vote on the proposal at second reading in April, finalising the ...

Regional airports are an important part of the aviation system in the European Union (EU). They are engines of socio-economic development and improve accessibility to certain locations, in particular those that are remote or not well served by other forms of transportation. They also have a vital role in terms of economic and social cohesion, stimulating tourism and employment, as well as facilitating access to essential services. In addition, they can help to reduce congestion at major hub airports ...

Efforts to curb carbon emissions are falling short ‒ and geoengineering is again in the spotlight. Will governments end up tinkering with Earth’s thermostat?

The current coronavirus pandemic and its accompanying health and economic crises have highlighted and heightened certain trends and challenges which were already affecting the labour market in Europe. These include accelerated digitalisation and automation, increased use of artificial intelligence, constraints relating to a lack of digital skills, and problems concerning the status of platform workers and other workers in non-standard forms of employment. In parallel, there has been an unprecedented ...

The ongoing structural transformation and the rapid spread of the technologies of the fourth industrial revolution are challenging current democratic institutions and their established forms of governance and regulation. At the same time, these changes offer vast opportunities to enhance, strengthen and expand the existing democratic framework to reflect a more complex and interdependent world. This process has already begun in many democratic societies but further progress is needed. Examining these ...

The right to disconnect

Oversigt 13-01-2021

In the context of the digital transformation in the world of work, the European Parliament's Employment and Social Affairs Committee has adopted a legislative-initiative report calling on the Commission to propose an EU directive that lays down minimum requirements for the right to disconnect. The practice of remote working through digital tools intensified through the coronavirus lockdown measures has drawn increasing attention to the issues of constant connectivity and the blurring boundaries between ...