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Ag taispeáint 10 as 23 torthaí

Credit servicers directive

Sracfhéachaint 13-10-2021

In March 2018, the European Commission adopted a proposal for a directive on credit servicers and credit purchasers as part of its overall strategy to tackle high volumes of non-performing loans (NPLs) accumulated on EU banks’ balance sheets. The proposal aims to foster the development of secondary markets for NPLs by removing undue obstacles to credit servicing and to the transfer of bank loans to third parties across the EU. The European Parliament is expected to vote during the October II plenary ...

In July 2020, the European Commission adopted a legislative package on capital markets recovery as part of its overall strategy to tackle the economic impacts of the coronavirus pandemic. The package includes targeted amendments to the Prospectus Regulation and the Markets in Financial Instruments Directive II (MiFID II), aimed at reducing the administrative burdens faced by experienced investors in their business-to-business relationships and at increasing the competitiveness of the EU’s commodity ...

This EPRS publication seeks to provide an analytical overview of the Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK), which was agreed between the two parties on 24 December and signed by them on 30 December 2020, and has been provisionally applied since 1 January 2021. The European Parliament is currently considering the Agreement with a view to voting on giving its consent to conclusion by the Council on behalf of the Union. The paper analyses many ...

Slowbalisation – understood as the slowdown in global integration – is said to have started in the aftermath of the global financial crisis of 2007-2008. The coronavirus pandemic brought about a further dramatic fall in cross-border movement of goods, services, capital and people, to the extent that commentators have proclaimed the beginning of deglobalisation. This paper examines whether the phenomenon described as slowbalisation is myth or reality, by looking at five different pathways of globalisation ...

This Briefing concerns a portfolio change in the European Commission in mid-mandate and takes the same format and approach as those Briefings published in September 2019 to give Members of the European Parliament an overview of major issues of interest in the context of the Hearings of the Commissioners-designate.

The Treaty on the Functioning of the European Union specifies the maintenance of price stability in the euro area as the primary objective of EU single monetary policy. Subject to that, it should also contribute to the achievement of the Union's objectives, which include 'full employment' and 'balanced economic growth'. Responsibility for the conduct of monetary policy is attributed to the Eurosystem, which carries out its tasks through a set of standard instruments referred to as the 'operational ...

The idea of issuing joint debt instruments, in particular between euro-area countries, is far from new. It has long been linked in various ways to the Union's financial integration process and in particular to the implementation of economic and monetary union. In the first decade of the euro, the rationale for creating joint bonds was to reduce market fragmentation and thus obtain efficiency gains. Following the financial and sovereign debt crises, further reasons included managing the crises and ...

Banking union – Annual report 2019

Sracfhéachaint 04-03-2020

The European Parliament's own-initiative report on the banking union in 2019 is due to be debated during the March I plenary part-session. It touches on emerging challenges and actual risks for the European banking sector, stressing its role in funding the real economy, and addresses prudential and resolution rules. The report also restates the need to complete the banking union by establishing a fiscal backstop and a European deposit insurance scheme, and advocates greater active involvement for ...

State aid can be defined as an advantage given by a government that may provide a company with an unfair competitive edge over its commercial rivals. State aid can take several forms, such as public subsidies, tax relief, or the purchasing of goods and services on preferential terms. While the European Union (EU) competition rules consider State aid to be incompatible with the internal market, they allow such aid when it promotes general economic development, for example, when tackling the challenges ...

This study, the fourth in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond. It summarises the main economic indicators in the EU and euro area and their two-year trends. It explains the annual EU budget, provides an overview of its headings for 2020, and sets out the wider budgetary framework – the multiannual financial framework (MFF) – and its possible evolution in the new decade. A special 'economic focus' puts the spotlight on the international ...