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The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The present study provides an analysis of the existing Institutional Protection Schemes (IPSs) in the Banking Union within the context of the ongoing review of the bank crisis management and deposit insurance framework. The paper examines how IPSs form an integral part of the European deposit insurance protection architecture, specifically in Germany and Austria, and how IPS operate alongside National Resolution Authorities and National Deposit Insurance Schemes

This study, commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional Affairs at the request of the AFCO Committee, analyses the obstacles to democratic, transparent and efficient decision-making in urgency situations at the EU level, with a specific focus on the European Parliament. It provides a systematic overview of Parliament’s role and functions as well as the interinstitutional cooperation during recent crisis situations and concludes with proposals ...

Victims of terrorism

Pe scurt 10-03-2022

On 11 March, Europe commemorates all those who lost their lives or loved ones to terror. The European Day of Remembrance of Victims of Terrorism was inaugurated after the 2004 Madrid bombings. Protection of victims of terrorism is an essential part of the EU's efforts to address all dimensions of the terrorist threat. In response to the wave of attacks that have hit Europe in recent years, the rules and sanctions related to terrorist activities have been strengthened. Moreover, action at EU level ...

This note is prepared in view of an ordinary public hearing with the Chair of the Single Resolution Board (SRB), Elke König, which will take place on 14 March 2022. This briefing (1) addresses mainly the situation of Sberbank Europe that has been declared failing-or-likely-to-fail, giving background information (i) on the bank, (ii) the process, (iii) the actions taken, (iv) the public interest assessments made, and (v) the implications for deposit guarantee schemes. In view of the current situation ...

While Ukraine has received considerable support from the EU and European financial institutions since 2014, Russia's invasion of Ukraine, launched on 24 February 2022, has triggered a historic and twofold mobilisation of EU funds – for humanitarian action and military support. The European Commission has announced over €500 million in financing for humanitarian aid and the Council has decided to use the off-budget European Peace Facility (EPF) to assist Ukraine with €500 million in military aid. ...

The outbreak of the coronavirus pandemic exposed the weaknesses in the EU's preparedness and planning capacities as well as its lack of funding, with much of the EU's initial response being on an ad-hoc basis. Coordination and cooperation between EU Member States was initially often difficult, and took time to get established and start functioning in a structured way. The EU's Health Emergency Preparedness and Response Authority (HERA) was established by a Commission decision of 16 September 2021 ...

A new database on exceptional fiscal spending adopted during the COVID-19 crisis is presented for 14 EU countries. The composition and evolution of fiscal measures differ across countries. We analyse (a) whether national economic characteristics determined the type of fiscal response adopted and (b) how the different fiscal measures affected the macroeconomic outcomes and consumer confidence. We assess whether measures have been sufficiently targeted and make recommendations as to which adjustments ...

Policy-makers are seeking to 'future proof' policies in order to be better prepared for disruptive and unanticipated events. The application of foresight methods such as stress-testing can help achieve this goal. This study introduces a methodology for the European Parliament to stress-test legislation. The method can be integrated into existing law-making and scrutiny processes in the European Parliament. It draws on lessons learnt and recommendations stemming from independent research that encompassed ...

As part of building a European Health Union, as well as in response to the Covid 19 pandemic, the European Commission proposed in November 2020 to reinforce the European Medicines Agency's role in crisis preparedness and the management of medicines and medical devices. The proposed regulation seeks to better anticipate possible shortages and to ensure timely development of high-quality medicinal solutions, to allow the EU to react to health crises more quickly, efficiently, and in a coordinated manner ...