Rechercher

Vos résultats

Affichage 10 de 43 résultats

One of the key lessons learned from the financial crisis in 2007-2008 is that in order to reduce the direct and indirect costs of bank failures for national governments, one has to have a credible framework in place to deal with banks’ failures, including clear rules as to the allocation of losses and the conditions attached to the use of common resources, to provide strong incentives for taking measures of precaution in good times and minimise losses in times of crisis. To that end, Europe has put ...

Threatening both its caliphate project and its sources of funding, the series of military setbacks that the so-called Islamic State group (IS) as suffered for several months have called into question the group’s very existence. That is not to say that its offensive capabilities will be neutered – the organisation will remain able to employ ’low-cost‘ terrorist attacks to target civilians throughout the Middle East, Africa, Europe, America or Asia. In mobilising Member States to fight against terrorism ...

In June 2014, ISIL/Da'esh took over the city of Mosul in Iraq, and from there declared the advent of an Islamic State. Three years later, in July 2017, after nine months of battle involving Iraqi security forces, popular militias and Kurdish troops, ISIL/Da'esh has been expelled from its Iraqi stronghold, adding to the past two years' severe territorial losses. This is an important victory; however, it does not yet represent the eradication of a terrorist group that still has many supporters.

Les instruments financiers sont de plus en plus utilisés pour le financement des régions de l’Union, outre des subventions plus traditionnelles. Ils peuvent être considérés comme un moyen, en cette ère de restrictions budgétaires, d’utiliser les financements publics de façon optimale. Il est néanmoins essentiel de parvenir à des synergies justes et d’étudier quelle combinaison permet le mieux d’atteindre les objectifs de la politique de cohésion. Il importe d’aborder la question de la palette appropriée ...

La présente étude analyse les perturbations engendrées par la mobilité partagée en ce qui concerne le financement de l’infrastructure des transports. Tout en reconnaissant les avantages de la mobilité partagée en matière de diminution de l’utilisation des voitures particulières, cette étude détermine des éventuelles conséquences négatives à court terme sur les chiffres d’affaires des companies d’autocars et de transport ferroviaire longue distance. Elle signale également d’autres risques potentiels ...

Crowdfunding is a relatively 'young' form of financing – especially for SMEs and start-ups, but also for not-for-profit projects – that is developing fast in Europe. While researchers point out its benefits, among them the fact that project owners have greater control, and financial risk is spread among a larger number of people, they also note its drawbacks. The latter include a high cost of capital, occasional displays of a 'herd mentality', capable of depriving potentially worthier projects of ...

This paper revises the European instruments for macro-financial stability providing financial support to member states. Three instruments, created on an ad-hoc basis during the crisis, are temporary and should gradually disappear. One instrument reserved for non-euro area member states, and others targeted at euro area countries remain in place. In the long term, the European Stability Mechanism is likely to become the only instrument for macro-financial assistance, but its current standing outside ...

This note explains the objectives of and main differences between the Minimum Requirement for own funds and Eligible Liabilities (MREL) under the BRRD framework and the Total Loss Absorbing Capacity (TLAC) standard developed globally by the Financial Stability Board (FSB). It also summarizes the issues arising from the need to implement the TLAC standard under EU law.

In September 2015, the European Commission adopted two legislative proposals: one that aims to develop an EU-wide framework for simple, transparent and standardised (STS) securitisations, and another that aims to make the capital treatment of securitisations for banks and investment firms more risk-sensitive by amending the Capital Requirements Regulation (CRR). While the European Commission did not include synthetic securitisations in the STS scheme, it left open the possibility for some of them ...

By letter dated 26 January 2016 the Legal Affairs Committee requested the Policy Department for Citizens’ Rights and Constitutional Affairs to commission a research project looking into the way Directive 2004/35/CE of the European Parliament and of the Council of 21 April 2004 on environmental liability with regard to the prevention and remedying of environmental damage (ELD) is applied in the Member States with a view to putting forward conclusions and recommendations for future policy steps.