1126

výsledok(-ky)

Slovo (slová)
Typ publikácie
Autor
Kľúčové slovo
Dátum

Preventing money laundering in the banking sector - reinforcing the supervisory and regulatory framework

09-06-2021

This paper provides an overview of current initiatives and actions aiming at reinforcing the anti-money laundering (AML) supervisory and regulatory framework in the EU, in particular from a Banking Union perspective. This briefing first outlines the EU framework for fighting money laundering, which includes legislation (most notably the 5th AML Directive) and a number of Commission and Council Action Plans. Secondly, an overview of AML prevention relevant authorities, at both the EU and national ...

This paper provides an overview of current initiatives and actions aiming at reinforcing the anti-money laundering (AML) supervisory and regulatory framework in the EU, in particular from a Banking Union perspective. This briefing first outlines the EU framework for fighting money laundering, which includes legislation (most notably the 5th AML Directive) and a number of Commission and Council Action Plans. Secondly, an overview of AML prevention relevant authorities, at both the EU and national level, is provided. This section also explains the 2019 review of the founding regulations of the European Supervisory Authorities, through which competences relating to preventing AML in the financial sector were consolidated within the European Banking Authority. Lastly, the paper highlights expected upcoming changes to the AML framework, largely based on the Commission’s May 2020 Action plan for a comprehensive Union policy on preventing money laundering and terrorism financing, and associated legislative initiatives expected in July 2021. It is relevant to note that this briefing focuses on AML concerns in the banking sector. While financial and non-financial intermediaries have an important role to play, these are not the focus of this briefing. Nevertheless, reference is made to closely related areas (notably, to Financial Intelligence Units, the work of markets and insurance supervisors on preventing AML and related matters) when relevant to a better understanding of its impacts on the banking sector. This paper builds on and updates a previous EGOV briefing on the same topic.

Low for Longer: Effects of Prolonged Negative Interest Rate Policies

08-06-2021

In June 2014, the European Central Bank (ECB) was among the first major central banks to lower policy rates into negative territory. The deposit facility rate was subsequently cut four more times, lastly in September 2019 (to -0.5%). As an unconventional monetary policy instrument used over a prolonged period, negative interest rates require attention because of their uncertain or possibly negative side effects on the banking sector and economy at large. Four papers were prepared by the ECON Committee ...

In June 2014, the European Central Bank (ECB) was among the first major central banks to lower policy rates into negative territory. The deposit facility rate was subsequently cut four more times, lastly in September 2019 (to -0.5%). As an unconventional monetary policy instrument used over a prolonged period, negative interest rates require attention because of their uncertain or possibly negative side effects on the banking sector and economy at large. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, assessing the experience with negative interest rates in the euro area over the past seven years. This publication is provided by Policy Department A for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Lagarde on 21 June 2021.

Externý autor

Grégory CLAEYS, Joscha BECKMANN, Klaus-Jürgen GERN, Nils JANNSEN, Justus INHOFFEN, Atanas PEKANOV, Thomas URL, Daniel GROS, Farzaneh SHAMSFAKHR

Gender balance on the boards of significant banks in the Banking Union

28-05-2021

EGOV analysed publicly available information on the corporate governance structures to determine the gender balance on the boards of the banks in the euro area supervised by the ECB (“significant institutions”), comparing the situation in 2014 with that in 2020. The general observation is that, overall, the share of female executive directors has risen in significant banks from 15.3% to 27.4% (see figure 1) and the share of female supervisory directors has increased from 22.3% to 31.7% (see figure ...

EGOV analysed publicly available information on the corporate governance structures to determine the gender balance on the boards of the banks in the euro area supervised by the ECB (“significant institutions”), comparing the situation in 2014 with that in 2020. The general observation is that, overall, the share of female executive directors has risen in significant banks from 15.3% to 27.4% (see figure 1) and the share of female supervisory directors has increased from 22.3% to 31.7% (see figure 2, further down); these levels are still quite distant from an equal gender distribution. Moreover, the differences between the nature of board (executive versus supervisory boards) and between the type of bank (large versus small) have become smaller. Large banks are, for our purposes, those with assets exceeding EUR 100 bn. Large differences in the share of female directors persist, though, if the data is grouped at the country level.

Artificial Inteligence market and capital flows - AI and the financial sector at crossroads

28-05-2021

This paper studies the transformation that Artificial Intelligence (AI) is bringing to the financial sector and how this sector can contribute to developments of AI applications. The study addresses the contribution of AI to a more efficient, open, and inclusive financial sector and the challenges of the AI transformation, and it provides recommendations for policies and regulations of AI and financial services.

This paper studies the transformation that Artificial Intelligence (AI) is bringing to the financial sector and how this sector can contribute to developments of AI applications. The study addresses the contribution of AI to a more efficient, open, and inclusive financial sector and the challenges of the AI transformation, and it provides recommendations for policies and regulations of AI and financial services.

Externý autor

Giacomo CALZOLARI

Non-performing Loans - New risks and policies? - What factors drive the performance of national asset management

27-05-2021

As the COVID-19 pandemic hits all Member States severely, some initial signs are surfacing of what is likely to be a substantial increase in bank non-performing loans (NPLs) in the coming months. Strengthening the tools needed to face the problems caused by NPLs is therefore of foremost importance. This paper argues that asset management companies (AMCs) can be an effective tool in this direction. It further discusses the legal issues related to their implementation, presenting several examples from ...

As the COVID-19 pandemic hits all Member States severely, some initial signs are surfacing of what is likely to be a substantial increase in bank non-performing loans (NPLs) in the coming months. Strengthening the tools needed to face the problems caused by NPLs is therefore of foremost importance. This paper argues that asset management companies (AMCs) can be an effective tool in this direction. It further discusses the legal issues related to their implementation, presenting several examples from past experiences illustrating how such issues can be solved. The paper concludes that a network of national publicly funded AMCs, applying the same standards and procedures across all European Member States, would be an effective and feasible solution to the problems presented by NPLs.

Externý autor

C. Brescia Morra, A. Guaccero, A.F. Pozzolo, G. Rojas Elgueta, N. Vardi, A. Zoppini

Taxonomy Regulation: Approved EU Taxonomy Climate Delegated Act under Art. 10(3) and 11(3)of the Taxonomy Regulation

11-05-2021

This briefing has been prepared to support the parliamentary scrutiny of the Delegated Act (DA) on climate change mitigation and climate change adaptation as foreseen by Regulation (EU) No 2020/852 on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation) . In accordance with the empowerments set out in Articles 10 and 11 of the Taxonomy Regulation, the Commission shall adopt a delegated act establishing screening criteria to determine the conditions under which ...

This briefing has been prepared to support the parliamentary scrutiny of the Delegated Act (DA) on climate change mitigation and climate change adaptation as foreseen by Regulation (EU) No 2020/852 on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation) . In accordance with the empowerments set out in Articles 10 and 11 of the Taxonomy Regulation, the Commission shall adopt a delegated act establishing screening criteria to determine the conditions under which an economic activity qualifies as contributing substantially to climate change adaptation or mitigation and whether it does not cause significant harm to one or more of the environmental objectives listed under Article 9.

The role (and accountability) of the President of the Eurogroup

28-04-2021

This note provides an overview of the role of the President of the Eurogroup, the procedures for his/her appointment, as well as proposals on a “full time position” as part of the wider debate on deepening the Economic and Monetary Union. The note also briefly addresses the mandate and working methods of the Eurogroup. In addition, this note refers to the debate around the transparency of Eurogroup proceedings. It is updated regularly.

This note provides an overview of the role of the President of the Eurogroup, the procedures for his/her appointment, as well as proposals on a “full time position” as part of the wider debate on deepening the Economic and Monetary Union. The note also briefly addresses the mandate and working methods of the Eurogroup. In addition, this note refers to the debate around the transparency of Eurogroup proceedings. It is updated regularly.

The Euro Area Fiscal Stance

21-04-2021

The concept of “Euro area fiscal stance” is used by European and international institutions, as well as academics, to measure the discretionary fiscal effort at the level of euro area as a whole. From 2012 to 2018, the Commission has referred to the euro area fiscal stance in its “Opinions on Draft Budgetary Plans” and has expressed its position on the appropriate fiscal stance in its proposals for the Council recommendation on the economic policies of the euro area. The concept became more prominent ...

The concept of “Euro area fiscal stance” is used by European and international institutions, as well as academics, to measure the discretionary fiscal effort at the level of euro area as a whole. From 2012 to 2018, the Commission has referred to the euro area fiscal stance in its “Opinions on Draft Budgetary Plans” and has expressed its position on the appropriate fiscal stance in its proposals for the Council recommendation on the economic policies of the euro area. The concept became more prominent with the publication of the Commission Communication on “Towards a Positive Fiscal Stance” of November 2016. Since 2019, however, the Commission has not explicitly proposed an appropriate euro area fiscal stance for the upcoming year. The euro area fiscal stance is also the subject of a report and of a recommendation by the European Fiscal Board. This note (which is regularly updated) provides an overview of the concept and of the latest developments.

Update on Wirecard case: public hearing

18-03-2021

This paper updates and summarises earlier briefings on the Wirecard case, ahead of a public hearing on 23 March organised by the JURI and ECON Committees of the European Parliament. It also describes the most recent developments on the basis of information available in the public domain.

This paper updates and summarises earlier briefings on the Wirecard case, ahead of a public hearing on 23 March organised by the JURI and ECON Committees of the European Parliament. It also describes the most recent developments on the basis of information available in the public domain.

Thematic digest: When and how to unwind COVID-support measures to the banking system

18-03-2021

This document presents the summaries of four external papers commissioned by EGOV in November 2020 upon request of the Economic and Monetary Committee (ECON). Papers were delivered, analysed and published in March 2021. ECON has requested its Banking Panel to address the question of when and how to unwind COVID-support measures to the banking system.

This document presents the summaries of four external papers commissioned by EGOV in November 2020 upon request of the Economic and Monetary Committee (ECON). Papers were delivered, analysed and published in March 2021. ECON has requested its Banking Panel to address the question of when and how to unwind COVID-support measures to the banking system.

Nadchádzajúce podujatia

15-06-2021
Public Hearing on "Various aspects of women in poverty following the COVID impact"
Vypočutie -
FEMM
15-06-2021
Pilot Projects and Preparatory Actions: Some Examples of Success
Seminár -
BUDG
15-06-2021
Diverse, local, indigenous: Pathways for food security and conservation
Ďalšie podujatia -
DEVE

Partneri