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Third country equivalence in EU banking and financial regulation

27-08-2019

This briefing provides an insight into the latest developments on equivalence in EU banking and financial regulation both in terms of governance and decision making (Section 1) and in terms of regulatory and supervisory frameworks that governs the access of third countries firms to the internal market (Section 2). The briefing also gives an overview on the possible role of equivalence regimes in the context of Brexit (Section 3) together with Brexit-related supervisory and regulatory issues (Section ...

This briefing provides an insight into the latest developments on equivalence in EU banking and financial regulation both in terms of governance and decision making (Section 1) and in terms of regulatory and supervisory frameworks that governs the access of third countries firms to the internal market (Section 2). The briefing also gives an overview on the possible role of equivalence regimes in the context of Brexit (Section 3) together with Brexit-related supervisory and regulatory issues (Section 4). This briefing is an updated version of a briefing published in April 2018.

Common rules for gas pipelines entering the EU internal market

27-05-2019

In November 2017, the European Commission adopted a legislative proposal to fully apply key provisions of the 2009 Gas Directive to gas pipelines between the European Union (EU) and third countries. Member States would need to cooperate with third countries to ensure full compliance with EU rules. The revised directive was seen by many observers as a part of the broader EU response to the Gazprom-led Nord Stream 2 project, which the European Commission publicly opposes. The Parliament adopted its ...

In November 2017, the European Commission adopted a legislative proposal to fully apply key provisions of the 2009 Gas Directive to gas pipelines between the European Union (EU) and third countries. Member States would need to cooperate with third countries to ensure full compliance with EU rules. The revised directive was seen by many observers as a part of the broader EU response to the Gazprom-led Nord Stream 2 project, which the European Commission publicly opposes. The Parliament adopted its position on the gas directive in plenary on April 2018, whereas the Council adopted its general approach on 8 February 2019. This was swiftly followed by a single trilogue meeting on 12 February 2019 at which the EU institutions reached a provisional agreement. The agreed text was later formally adopted by Parliament and Council, and entered into force on 23 May 2019. Fourth edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

EU framework for FDI screening

17-04-2019

On 13 September 2017, the European Commission adopted a proposal for a regulation establishing a framework for screening foreign direct investment (FDI) inflows into the EU on grounds of security or public order. The proposal was a response to a rapidly evolving and increasingly complex investment landscape. It aimed to strike a balance between maintaining the EU's general openness to FDI inflows and ensuring that the EU's essential interests are not undermined. Recent FDI trends and policies of ...

On 13 September 2017, the European Commission adopted a proposal for a regulation establishing a framework for screening foreign direct investment (FDI) inflows into the EU on grounds of security or public order. The proposal was a response to a rapidly evolving and increasingly complex investment landscape. It aimed to strike a balance between maintaining the EU's general openness to FDI inflows and ensuring that the EU's essential interests are not undermined. Recent FDI trends and policies of emerging FDI providers had cast doubt on the effectiveness of the decentralised and fragmented system of FDI screening – in use in only some EU Member States – to adequately address the potential (cross-border) impact of FDI inflows on security or public order without EU coordinated cooperation among all EU Member States. The proposal's objective was neither to harmonise the formal FDI screening mechanisms then used by almost half of the Member States, nor to replace them with a single EU mechanism. Instead, it aimed to enhance cooperation and information-sharing on FDI screening between the Commission and Member States, and to increase legal certainty and transparency. The European Parliament's Committee on International Trade (INTA) and the Council adopted their positions in May and June 2018 respectively, and interinstitutional negotiations concluded in November 2018 with a provisional text. That was first endorsed by the Member States' Permanent Representatives (Coreper) and by INTA in December 2018. After the text's adoption by the European Parliament and the Council in February and March 2019 respectively, it entered into force on 10 April 2019, and will apply from 11 October 2020, 18 months later. Fourth edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure. Please note this document has been designed for on-line viewing.

Revision of the Community Code on Visas

12-04-2019

The European Union Code on Visas is one of the core elements of the EU's visa policy. It lays down the procedures and conditions for issuing short-stay visas for third-country nationals. On 14 March 2018, the Commission adopted a proposal to revise the Community Code on Visas (the visa code). The main objective of the proposal is to strengthen the common visa policy while addressing migration and security concerns. This will involve increasing the role of visa policy in the EU's cooperation with ...

The European Union Code on Visas is one of the core elements of the EU's visa policy. It lays down the procedures and conditions for issuing short-stay visas for third-country nationals. On 14 March 2018, the Commission adopted a proposal to revise the Community Code on Visas (the visa code). The main objective of the proposal is to strengthen the common visa policy while addressing migration and security concerns. This will involve increasing the role of visa policy in the EU's cooperation with third-countries, also taking economic considerations into account by facilitating the processing of visas for legitimate travellers who contribute to the EU's economy and its cultural and social development. After Parliament voted its position on the proposal in December 2018, trilogue negotiations brought an agreement on a compromise text in February. The plenary is due to vote on confirming this text during the April II plenary session. Second edition of a briefing originally drafted by Maria Margarita Mentzelopoulou and Costica Dumbrava. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Resettlement of refugees: EU framework

29-03-2019

Resettlement is one tool to help displaced persons in need of protection reach Europe safely and legally, and receive protection for as long as necessary. It is a durable solution which includes selection and transfer of refugees from a country where they seek protection to another country. Apart from providing international protection to refugees, its aim is also to strengthen solidarity and responsibility-sharing between countries. For a resettlement to take place, the United Nations Refugee Agency ...

Resettlement is one tool to help displaced persons in need of protection reach Europe safely and legally, and receive protection for as long as necessary. It is a durable solution which includes selection and transfer of refugees from a country where they seek protection to another country. Apart from providing international protection to refugees, its aim is also to strengthen solidarity and responsibility-sharing between countries. For a resettlement to take place, the United Nations Refugee Agency (UNHCR) has to determine an applicant is a refugee according to the 1951 Geneva Convention, and has to identify resettlement as the most appropriate solution. On 13 July 2016, as part of the reform of the Common European Asylum System and the long-term policy on better migration management, the Commission presented a proposal which aims to provide for a permanent framework with standard common procedures for resettlement across the EU, and will complement current national and multilateral resettlement initiatives. Although a partial provisional agreement on the proposal was reached between the Parliament and Council in summer 2018, the Council has been unable to endorse that, nor agree on a mandate for further negotiations.

Reception of asylum-seekers - recast Directive

29-03-2019

States must treat asylum-seekers and refugees according to the appropriate standards laid down in human rights and refugee law. The current migration crisis revealed wide divergences in the level of reception conditions provided by Member States. While some are facing problems in ensuring adequate and dignified treatment of applicants, in others the standards of reception provided are more generous. This has led to secondary movements of asylum-seekers and refugees, and has put pressure on certain ...

States must treat asylum-seekers and refugees according to the appropriate standards laid down in human rights and refugee law. The current migration crisis revealed wide divergences in the level of reception conditions provided by Member States. While some are facing problems in ensuring adequate and dignified treatment of applicants, in others the standards of reception provided are more generous. This has led to secondary movements of asylum-seekers and refugees, and has put pressure on certain Member States. The aim of the proposed recast directive, which would replace the current Reception Conditions Directive, is to ensure greater harmonisation of reception standards and more equal treatment of asylum-seekers across all Member States, as well as to avoid ‘asylum shopping’ whereby asylum-seekers choose the Member State with the highest protection standards for their application. Although the co-legislators reached provisional agreement on the proposal in trilogue, Coreper was not able to confirm the Council’s support for that text and trilogue negotiations have yet to restart. Fourth edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

A new neighbourhood, development and international cooperation instrument: Proposal for a new regulation

19-03-2019

In the context of the Commission's proposal for a multiannual financial framework (MFF) for the 2021-2027 period, the Commission published a proposal for a regulation establishing the Neighbourhood, Development and International Cooperation Instrument (NDICI) on 14 June 2018, with a proposed budget of €89.2 billion (in current prices). The AFET and DEVE committees adopted their joint report on the proposal on 4 March 2019. MEPs have agreed to accept a single instrument, but call for a stronger role ...

In the context of the Commission's proposal for a multiannual financial framework (MFF) for the 2021-2027 period, the Commission published a proposal for a regulation establishing the Neighbourhood, Development and International Cooperation Instrument (NDICI) on 14 June 2018, with a proposed budget of €89.2 billion (in current prices). The AFET and DEVE committees adopted their joint report on the proposal on 4 March 2019. MEPs have agreed to accept a single instrument, but call for a stronger role for Parliament on secondary policy choices, through delegated acts. The committees want the budget for the instrument to be increased by nearly €4 billion, to €93.154 billion. MEPs also specifically call for an increase in the funds allocated to human rights and democracy activities, the percentage of funding that fulfils the criteria for official development assistance, and funds that support climate and environmental objectives. Moreover, MEPs are calling for the introduction of climate and gender mainstreaming targets, the earmarking of certain financial allocations, the suspension of assistance in case of human rights violations, and the reduction of the emerging challenges and priorities cushion to €7 billion. Parliament is expected to vote on its first-reading position during the March II plenary session. Third edition. The 'Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Reform of the Dublin system

01-03-2019

The refugee and migrant crisis in Europe has exposed the need for reform of the Common European Asylum System, in general, and of the Dublin rules, in particular. The Commission’s proposal of 4 May 2016 to reform the Dublin system would not change the existing criteria for determining which Member State is responsible for examining an asylum application. Instead of a fundamental overhaul of the Dublin regime, as suggested by Parliament, the Commission proposed to streamline and supplement the current ...

The refugee and migrant crisis in Europe has exposed the need for reform of the Common European Asylum System, in general, and of the Dublin rules, in particular. The Commission’s proposal of 4 May 2016 to reform the Dublin system would not change the existing criteria for determining which Member State is responsible for examining an asylum application. Instead of a fundamental overhaul of the Dublin regime, as suggested by Parliament, the Commission proposed to streamline and supplement the current rules with a corrective allocation mechanism. This mechanism would be triggered automatically were a Member State to be faced with disproportionate numbers of asylum-seekers. If a Member State decided not to accept the allocation of asylum-seekers from another one under pressure, a ‘solidarity contribution’ per applicant would have to be made instead. An agreement on the balance between responsibility and solidarity regarding the distribution of asylum-seekers will be a cornerstone for the new EU asylum policy. Although Parliament’s LIBE committee adopted its positon in autumn 2017, the Council has been unable to reach a position on the proposal.

Illegal, unreported and unregulated (IUU) fishing

18-02-2019

The IUU Regulation (1005/2008) is the core of EU's legal framework for action against global IUU fishing. Its primary objective is to prevent, deter and eliminate the trade of IUU-caught products into the EU. One of its key components is a multiple-step procedure for dealing with non-EU countries considered uncooperative in the fight against IUU fishing. Third edition. This infographic further updates an earlier one of September 2018. For more information on the EU's IUU Regulation 1005/2008 and ...

The IUU Regulation (1005/2008) is the core of EU's legal framework for action against global IUU fishing. Its primary objective is to prevent, deter and eliminate the trade of IUU-caught products into the EU. One of its key components is a multiple-step procedure for dealing with non-EU countries considered uncooperative in the fight against IUU fishing. Third edition. This infographic further updates an earlier one of September 2018. For more information on the EU's IUU Regulation 1005/2008 and on IUU fishing, see the parallel EPRS Briefing: PE 614.598.

Zunanji avtor

CHAHRI, Samy

Interlinks between migration and development

23-01-2019

The EU and its Member States have reshaped their external policies, including development cooperation, to place more focus on migration-related issues. Widely used in this context, political rhetoric on 'addressing root causes of migration' has been questioned by academics as creating unrealistic expectations. Indeed, a positive correlation between migration and narrowly understood economic development persists until countries reach middle-income country level. However, several key drivers of migration ...

The EU and its Member States have reshaped their external policies, including development cooperation, to place more focus on migration-related issues. Widely used in this context, political rhetoric on 'addressing root causes of migration' has been questioned by academics as creating unrealistic expectations. Indeed, a positive correlation between migration and narrowly understood economic development persists until countries reach middle-income country level. However, several key drivers of migration are related to discrepancies in levels of human development. Demographic pressures, youth unemployment, job opportunities in the country of destination, the growth of migrant networks and the desire to reunite families, all play roles in migration. A complex interaction between aid and migration also exists, which is far from a simple one-way causality. In general, poverty alleviation, the primary objective of development aid, tends to enhance rather than deter the realisation of the aspiration to migrate, in the short- and medium-term, by increasing household incomes. A more global approach to cooperation with third countries, such as the EU's already well-established assistance focusing on good governance, infrastructure, rural development and strengthening resilience, as well as going beyond development assistance to include trade and investment, appears promising in terms of deterring migration. On the other hand, studies confirm that international migration is an important path for development: remittances constitute a tool for poverty reduction, while diaspora skills and networks provide resources for economic and social progress. Nevertheless, EU policy integrating development aid as an instrument for curbing irregular migration is criticised by development stakeholders as undermining aid effectiveness, principles, and risks diverting aid from the most needy and indirectly prompting human rights violations. To avoid such outcomes, a contextual analysis must be the basis for identifying genuine synergies to be reinforced between development and migration management.

Prihajajoči dogodki

05-11-2019
The Art and Craft of Political Speech-writing: A conversation with Eric Schnure
Drug dogodek -
EPRS
06-11-2019
Where next for the global and European economies? The 2019 IMF Economic Outlook
Drug dogodek -
EPRS
06-11-2019
EPRS Annual Lecture: Clash of Cultures: Transnational governance in post-war Europe
Drug dogodek -
EPRS

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