43

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SMEs and Better Regulation

07-02-2020

Small and medium-sized enterprises (SMEs) are the backbone of the European economy. However, numerous internal and external constraints, such as red tape and stringent business regulations, can make running a small business very difficult for entrepreneurs. Creating a business-friendly regulatory environment is a long-standing EU objective. The European Commission's cross-cutting policy on better regulation spearheads improvements, and its 'SME Test' scrutinises the impact of EU proposals on SMEs ...

Small and medium-sized enterprises (SMEs) are the backbone of the European economy. However, numerous internal and external constraints, such as red tape and stringent business regulations, can make running a small business very difficult for entrepreneurs. Creating a business-friendly regulatory environment is a long-standing EU objective. The European Commission's cross-cutting policy on better regulation spearheads improvements, and its 'SME Test' scrutinises the impact of EU proposals on SMEs. The Commission is due to make a statement during the February plenary session on SMEs and better regulation.

Peace, justice and strong institutions: EU support for implementing SDG 16 worldwide

04-02-2020

The 16th sustainable development goal (SDG 16) to 'Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels' represents a new milestone compared with the earlier millennium development goals. While several of its targets (such as peace, corruption-free institutions and freedom from violence) were once seen as prerequisites of sustainable development, the adoption of SDG 16 marked ...

The 16th sustainable development goal (SDG 16) to 'Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels' represents a new milestone compared with the earlier millennium development goals. While several of its targets (such as peace, corruption-free institutions and freedom from violence) were once seen as prerequisites of sustainable development, the adoption of SDG 16 marked the first time that they were globally recognised as development objectives in themselves. To achieve universal recognition, SDG 16 leaves out explicit reference to internationally recognised political and civil rights norms, attracting some criticism. Its very general scope has also stirred controversy regarding the type of data required in order to assess progress rigorously. The state of play with regard to the implementation of SDG 16 indicates that substantial progress is still needed in order to achieve the SDG targets by 2030. Violent conflicts continue to affect many parts of the world, societal violence remains widespread in many countries and violence against children in particular remains a pervasive phenomenon, especially in developing countries. At the same time, fundamental freedoms have come under increased attack from regimes that disrespect human rights and undermine international and national norms in this area. The EU has committed to contributing to the achievement of all the SDGs, and the specific targets of SDG 16 have been given special recognition. From the Global Strategy to the 'new consensus on development', various policy documents acknowledge the crucial role of peace, democracy, human rights and the rule of law for sustainable development. The interconnection between the pursuit of these fundamental values and EU efforts to help developing countries achieve the SDGs is obvious in numerous measures undertaken in the framework of EU external action. The European Parliament is a strong champion for these values in the world.

Appraising the quality of the European Commission's impact assessments

18-12-2019

Based on a scoring exercise of 132 Commission Impact Assessments, adopted between July 2015 and December 2018, and their appraisal by the IMPA unit of the EPRS, this study provides a critical assessment of the strengths and weaknesses of these IAs. While their overall average quality is considered satisfactory, the analysis finds considerable variation between different parts of an IA. In view of contributing to future improvements of the IA process and promoting the value of IAs to support transparent ...

Based on a scoring exercise of 132 Commission Impact Assessments, adopted between July 2015 and December 2018, and their appraisal by the IMPA unit of the EPRS, this study provides a critical assessment of the strengths and weaknesses of these IAs. While their overall average quality is considered satisfactory, the analysis finds considerable variation between different parts of an IA. In view of contributing to future improvements of the IA process and promoting the value of IAs to support transparent political decision-making, this study indicates the main structural shortcomings to be addressed.

Autor externo

DG, EPRS

The Juncker Commission's ten priorities: An end-of-term assessment

03-05-2019

This April 2019 edition closes the cycle of the European Parliamentary Research Service's bi annual monitoring of the Juncker Commission's ten priorities. After the last plenary session of the 2014 2019 Parliament, and before the end of the European Commission's mandate, this publication provides an up-to-date overview of the state of play in the delivery of the various legislative and other political initiatives flowing from the ten priorities defined by the Commission's President, Jean-Claude Juncker ...

This April 2019 edition closes the cycle of the European Parliamentary Research Service's bi annual monitoring of the Juncker Commission's ten priorities. After the last plenary session of the 2014 2019 Parliament, and before the end of the European Commission's mandate, this publication provides an up-to-date overview of the state of play in the delivery of the various legislative and other political initiatives flowing from the ten priorities defined by the Commission's President, Jean-Claude Juncker, on taking office in 2014. The analysis shows that, of the 547 proposals foreseen from the Commission, 512 have been submitted (94 per cent), of which 361 have been adopted (66 per cent). There are 151 proposals (28 per cent) which have not so far been adopted, and where the outcome may depend on the EU institutional transition this year. Of these, 115 (21 per cent) have been proceeding normally through the legislative process, and 36 (7 per cent) have either been proceeding slowly or are blocked. On the eve of the 2019 European Parliament elections, the paper is intended both to assess the extent to which the Juncker Commission has met the targets that it set itself, to take note of the achievements made to date and to identify areas in which difficulties have been, or continue to be, encountered.

Banking Union Essential Terms: Technical Abbreviations & Glossary (EN/DE/FR)

06-07-2018

This abbreviation list and tri-lingual glossary (English, German and French, see disclaimer) lists and explains relevant terms frequently used in the area of documents related to the Banking Union, more specifically in relation to the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM) and the application of the Capital Requirements Directive (CRD IV) and the Capital Requirements Regulation (CRR). The glossary and list of abbreviations may be updated and extended in order to ...

This abbreviation list and tri-lingual glossary (English, German and French, see disclaimer) lists and explains relevant terms frequently used in the area of documents related to the Banking Union, more specifically in relation to the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM) and the application of the Capital Requirements Directive (CRD IV) and the Capital Requirements Regulation (CRR). The glossary and list of abbreviations may be updated and extended in order to take account of new developments and needs. This document was provided by Policy Department A at the request of the ECON Committee.

Autor externo

Bernd HEIMBÜCHEL, Ute HEIMBÜCHEL, Urs LENDERMANN

Review Clauses in EU Legislation: A Rolling Check-List (6th edition)

29-06-2018

This study provides an overview of review clauses (reviews, evaluations, implementation reports) contained in EU legislation during the sixth, seventh and the current, eighth parliamentary term. Drawing on information publicly available across several sources, it provides in a single, comprehensive repository an analytical overview of acts that contain a review clause. The study puts a special focus on (and the analysis of) review clauses in EU legislative acts adopted during the current parliamentary ...

This study provides an overview of review clauses (reviews, evaluations, implementation reports) contained in EU legislation during the sixth, seventh and the current, eighth parliamentary term. Drawing on information publicly available across several sources, it provides in a single, comprehensive repository an analytical overview of acts that contain a review clause. The study puts a special focus on (and the analysis of) review clauses in EU legislative acts adopted during the current parliamentary term (with a total of 147 legislative acts with a review clause adopted through the ordinary legislative procedure up until end of December 2017).

What if law shaped technologies?

28-06-2018

Existing legal structures may prove a poor match for new types of disputes raised by disruptive technologies. Can the legal system overcome the temporal gap between the emergence of a technology and the subsequent need for controlling its possible effects and retain both flexibility and responsiveness? What regulation is justified by a particular technology? How should a particular technology be regulated? How can law regulate uncertain and unknown futures in the face of limited knowledge?

Existing legal structures may prove a poor match for new types of disputes raised by disruptive technologies. Can the legal system overcome the temporal gap between the emergence of a technology and the subsequent need for controlling its possible effects and retain both flexibility and responsiveness? What regulation is justified by a particular technology? How should a particular technology be regulated? How can law regulate uncertain and unknown futures in the face of limited knowledge?

What if technologies shaped the law?

07-06-2018

Is there a relationship between law, technological innovation, and regulatory governance? Are technologies ordinary objects of formal law that can fit into the traditional doctrinal classification? What if technologies were legal artefacts that question and challenge the traditional boundaries of legal thought? Has technology been developed to the extent that it exerts the functions of law? Is there a gradual shift from the traditional notion of "code is law" (i.e. code having the effect of law) ...

Is there a relationship between law, technological innovation, and regulatory governance? Are technologies ordinary objects of formal law that can fit into the traditional doctrinal classification? What if technologies were legal artefacts that question and challenge the traditional boundaries of legal thought? Has technology been developed to the extent that it exerts the functions of law? Is there a gradual shift from the traditional notion of "code is law" (i.e. code having the effect of law) to the new conception of "law is code"?

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.

Autor externo

Alexander Lehmann (Bruegel)

Cash outflows in crisis scenarios

16-03-2018

The large majority of the more than € 2.5 trillion of public and monetary support that euro area banks received between 2008 and 2016 was liquidity support. Liquidity has nevertheless been inadequately addressed in the legislative overhaul following the global financial crisis. This paper focuses on liquidity in resolution, the moment when the need for liquidity is most acute. Based on an assessment of the liquidity needs as well as the role and size of the central bank facilities and Single Resolution ...

The large majority of the more than € 2.5 trillion of public and monetary support that euro area banks received between 2008 and 2016 was liquidity support. Liquidity has nevertheless been inadequately addressed in the legislative overhaul following the global financial crisis. This paper focuses on liquidity in resolution, the moment when the need for liquidity is most acute. Based on an assessment of the liquidity needs as well as the role and size of the central bank facilities and Single Resolution Fund, it draws the conclusion that a back-stop for the resolution fund, prompter corrective action and better information exchange between the authorities involved appear to be required in order to improve the functioning of the resolution mechanism.

Autor externo

W.P.de Groen, CEPS

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