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Review of the bank crisis management and deposit insurance frameworks Banking Union Working Group

11-01-2021

This briefing summarises key elements of the intended initiative, based on the information that the Commission provided on 10 November 2020 in its related public consultation and additional public sources. The briefing also briefly focuses on other related issues, namely, misalignments between state-aid and resolution and some European Court of Justice decisions with impact on the crisis management framework, and a box focusing on rele-vant aspects of the Commission’s recently released NPL Action ...

This briefing summarises key elements of the intended initiative, based on the information that the Commission provided on 10 November 2020 in its related public consultation and additional public sources. The briefing also briefly focuses on other related issues, namely, misalignments between state-aid and resolution and some European Court of Justice decisions with impact on the crisis management framework, and a box focusing on rele-vant aspects of the Commission’s recently released NPL Action Plan (an Annex lists most recent EGOV briefings and external papers relevant for these matters). The briefing has been prepared in view of a discussion of the Banking Union Working Groupof the European Parliament on the Commission's revision of the bank crisis management framework.

Implementation of the Macroeconomic Imbalance Procedure: State of play December 2020

06-01-2021

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

What if blockchain could guarantee ethical AI?

21-12-2020

As artificial intelligence (AI) companies and other organisations are seeking ways to comply with ethical principles and requirements, blockchain, under specific circumstances, could be seen as a means to safeguard that AI is deployed in an ethically sound manner.

As artificial intelligence (AI) companies and other organisations are seeking ways to comply with ethical principles and requirements, blockchain, under specific circumstances, could be seen as a means to safeguard that AI is deployed in an ethically sound manner.

EU/EA measures to mitigate the economic, financial and social effects of coronavirus State-of-play 18 December 2020

18-12-2020

This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.

This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.

Cash for development? The use of microcredits and cash transfers as development tools

17-12-2020

Microcredits and cash transfers are two distinct tools, but they both target poor households and individuals with cash alike. This report provides details of the latest advances in these cash-for-development tools at a time when the EU is reshaping its development finance tools for the 2021-27 period. Through a literature review, our study provides the current state of knowledge on microcredits and cash transfers. It then considers current EU support for these modalities and assesses this support ...

Microcredits and cash transfers are two distinct tools, but they both target poor households and individuals with cash alike. This report provides details of the latest advances in these cash-for-development tools at a time when the EU is reshaping its development finance tools for the 2021-27 period. Through a literature review, our study provides the current state of knowledge on microcredits and cash transfers. It then considers current EU support for these modalities and assesses this support in light of the main findings and conclusions drawn from the literature. Research reveals much evidence confirming cash-for-development tools’ contributions to poverty reduction. Furthermore, it identifies a second layer of positive economic effects resulting from their use that can be of value when determining responses to the Covid-19 crisis. Moreover, even though microfinance and cash transfers have undergone exponential growth in recent decades, their use remains very limited at EU Institution level. The report recommends that a broader and more systematic use of cash-for-development tools should be explored by EU Institutions, albeit framed within broader programming and context analysis.

Zunanji avtor

Aitor PEREZ, Nicolas AYENSA, Maricruz LACALLE

Amending securitisation requirements for the impact of coronavirus

15-12-2020

Preserving the ability of banks to continue lending to companies, especially small and medium-sized enterprises, is key when it comes to softening the economic impact of the pandemic and easing recovery. The Commission believes that securitisation can contribute to this. It also considers that in order to increase the potential of securitisation the EU regulatory framework (Regulations (EU) 2017/2402 and (EU) 575/2013) must be updated, to cater for (i) on-balance-sheet synthetic securitisation and ...

Preserving the ability of banks to continue lending to companies, especially small and medium-sized enterprises, is key when it comes to softening the economic impact of the pandemic and easing recovery. The Commission believes that securitisation can contribute to this. It also considers that in order to increase the potential of securitisation the EU regulatory framework (Regulations (EU) 2017/2402 and (EU) 575/2013) must be updated, to cater for (i) on-balance-sheet synthetic securitisation and (ii) the securitisation of non-performing exposures (NPEs). The proposal, which is partly based on two recent documents by the European Banking Authority and on draft standards proposed in July by the Basel Committee on Banking Supervision, has been examined by the co-legislators, and both the European Central Bank and the European Economic and Social Committee have published opinions. Trilogue negotiations are now under way. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Economic Dialogue with the other EU Institutions under the European Semester Cycles during the 9th legislative term State of play - September 2020

14-12-2020

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament since September 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues. For an overview Economic Dialogues between January 2014 and January 2019, please see separate document.

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament since September 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues. For an overview Economic Dialogues between January 2014 and January 2019, please see separate document.

Strengthening digital operational resilience in the financial sector

11-12-2020

This briefing provides an analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying Commission proposals to strengthen digital operational resilience in the EU, which are part of the digital finance package. The IA would have benefited from a more balanced set of options, and it would have been useful to further clarify the arguments supporting the choice between options 2 and 3. The assessment of social impacts is very limited, and the competitiveness ...

This briefing provides an analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying Commission proposals to strengthen digital operational resilience in the EU, which are part of the digital finance package. The IA would have benefited from a more balanced set of options, and it would have been useful to further clarify the arguments supporting the choice between options 2 and 3. The assessment of social impacts is very limited, and the competitiveness aspect raised could also have been discussed at greater length. The IA estimates that the initiative would benefit SMEs in terms of reduced administrative burden and improved capacity to operate in a cross-border context. In addition to the qualitative assessment, the IA provides quantified estimates, openly recognising some data limitations.

Update on recent banking developments

09-12-2020

This briefing gives an update on and summarises recent events and developments in the Banking Union, based on publicly available information. It gives an overview of: 1) the Eurogroup agreement on the backstop to the Single Resolution Fund; 2) the 7th monitoring report on risk reduction indicators; 3) recent European Central Bank publications, namely the Financial Stability Review and guidance on climate- related and environmental risks; 4) recent Single Resolution Board publications, specifically ...

This briefing gives an update on and summarises recent events and developments in the Banking Union, based on publicly available information. It gives an overview of: 1) the Eurogroup agreement on the backstop to the Single Resolution Fund; 2) the 7th monitoring report on risk reduction indicators; 3) recent European Central Bank publications, namely the Financial Stability Review and guidance on climate- related and environmental risks; 4) recent Single Resolution Board publications, specifically its 2021 Work Programme and guidance on bank mergers and acquisitions; and 5) the EBA’s benchmarking exercise of national insolvency regimes.

Slowing down or changing track? Understanding the dynamics of 'Slowbalisation'

03-12-2020

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 ...

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: international trade, financial openness, increasing inequality, cross-border social movement, and digital exchanges. The key conclusion is that slowbalisation has not been a uniform trend. While international economic globalisation has indeed slowed, the 'digital leap' and continued inequality suggest that globalisation is merely changing form, not disappearing.

Prihajajoči dogodki

25-01-2021
Public Hearing on "Gender aspects of precarious work"
Predstavitev -
FEMM
26-01-2021
Public hearing on Co-management of EU fisheries at local level
Predstavitev -
PECH
26-01-2021
The impact of Brexit on the level playing field in the area of taxation
Predstavitev -
FISC

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