Szukaj

In the aftermath of the 2008 financial crisis, which showed the need for more sophisticated and demanding capital requirements for banks, new regulations were agreed at international level – known as the Basel III Agreements. In the EU, they were implemented essentially by amending the Capital Requirements Directive (CRD) and adopting the Capital Requirements Regulation (CRR). On 27 October 2021, the Commission tabled two interconnected proposals to amend the CRR and the CRD, respectively. The objective ...

This study is the first research paper in a series of three, prepared for a PECH Committee Workshop. It gives insight on the challenges and opportunities arisen from the application of the European Green Deal to European fisheries. It identifies solutions that are currently being applied regarding decarbonisation and circular economy practices in fisheries and observed strengths and weaknesses of the regulatory framework. It provides policy recommendations to move towards the decarbonisation of the ...

A massive increase in trade volumes – in particular thanks to the rise of e-commerce – combined with the fast growing number of EU standards that need to be checked at the border and continuously evolving trade strategies have put EU customs authorities under a lot of pressure in recent times. Concerns have been raised that the EU's customs union is burdened by fragmented digitalisation, suboptimal coordination between national authorities and overall complexity, leaving traders with high administrative ...

This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions.

The proposed revision of the EU's pharmaceutical framework covers the EU's general pharmaceutical legislation and the paediatric and orphan medicines regulations ('specific pharmaceutical legislation') in an integrated manner. The merger of the orphan and paediatric regulations with the legislation applicable to all medicinal products is explained with 'simplification and increased coherence' in the explanatory memorandum of the proposed directive. The proposed revision is supported by two impact ...

Achieving a balanced monetary-fiscal policy mix in the euro area is crucial to ensure that monetary policy is able to fulfil its primary price stability objective. This paper outlines, from an economic and legal perspective, the interaction between monetary and fiscal policy in light of the current monetary and fiscal stance and, in particular, the “quasi-fiscal” effects of some unconventional monetary policy measures. Since sustainable public finances are a prerequisite for a price-stability-oriented ...

The EU adopted a comprehensive and innovative regulatory framework on markets in crypto-assets (MiCA) in June 2023 that will regulate crypto-asset markets. The regulation focuses on stablecoins, which are crypto-assets promising a 'stable value' against official currencies or values. The MiCA provides for strict transparency and governance rules, on the one hand, and prudential rules as per other financial institutions, on the other. By covering all aspects of the crypto-assets, MiCA is expected ...

The 2015 Paris Climate Agreement and the 2019 European Green Deal initiated a wave of EU policies and legislation to combat climate change and protect the environment. Achieving a green transition became a key driver of EU policies. While many pieces of legislation were being discussed or adopted, the COVID-19 pandemic and the Russian invasion of Ukraine moved the political focus to supply chain security and energy dependencies. Since then, achieving open European strategic autonomy for the EU economy ...

The second Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) are the principal texts regulating investment services and financial markets activities in the EU. Following an extensive consultation and in light of the recent developments in the context of the coronavirus pandemic, the European Commission proposed the establishment of an EU-wide consolidated tape for financial markets instruments, as well as making targeted changes to market ...

On 30 March 2023, the European Commission presented a proposal for a directive on common rules promoting the repair of goods. The proposed directive aims to mitigate the current business and consumption pattern, marked by frequent and premature replacement and discarding of goods. According to the Commission, this model generates additional costs for consumers, is a waste of natural resources and does harm to the environment. The proposal seeks to save costs for consumers and facilitate the development ...