32

resultat

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Publikationstyp
Politikområde
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Datum

Has the relaxation of capital and liquidity buffers worked in practice?

29-10-2020

We analyse the recent policy decisions made by the ECB and the national authorities related to capital, liquidity, and shareholders’ remuneration aimed at promoting credit supply from the banking sector to the coronavirus-afflicted economy. We forecast the impact of the regulatory decisions based on the empirical literature, discuss the factors that reduce the banks’ incentives to expand loan portfolios and develop policy suggestions intended to mitigate the effect of these factors.

We analyse the recent policy decisions made by the ECB and the national authorities related to capital, liquidity, and shareholders’ remuneration aimed at promoting credit supply from the banking sector to the coronavirus-afflicted economy. We forecast the impact of the regulatory decisions based on the empirical literature, discuss the factors that reduce the banks’ incentives to expand loan portfolios and develop policy suggestions intended to mitigate the effect of these factors.

Extern avdelning

Alexandra MATYUNINA, Steven ONGENA

Macroprudential policy toolkit for the banking sector

17-09-2020

This briefing provides an overview of European Union’s macroprudential policy toolkit that could be applied to the banking sector. Not all the tools described in this briefing are available for all national macroprudential authorities in the European Union (EU), due to different national legislations. Even though most of the instruments are targeted at the banking sector, national specificities in some cases permit the use of the same instrument to other financial institutions.

This briefing provides an overview of European Union’s macroprudential policy toolkit that could be applied to the banking sector. Not all the tools described in this briefing are available for all national macroprudential authorities in the European Union (EU), due to different national legislations. Even though most of the instruments are targeted at the banking sector, national specificities in some cases permit the use of the same instrument to other financial institutions.

Barriers to Competition through Joint Ownership by Institutional Investors

15-05-2020

In recent years, the phenomenon of common ownership by institutional investors has sparked considerable debate among scholars about its impact on competition and companies’ corporate governance. This study analyses some specific features of common ownership by institutional investors in the European banking sector. It also examines closely the tension between competition policy and corporate governance tools aimed at enhancing shareholder engagement. This document was provided by the Policy Department ...

In recent years, the phenomenon of common ownership by institutional investors has sparked considerable debate among scholars about its impact on competition and companies’ corporate governance. This study analyses some specific features of common ownership by institutional investors in the European banking sector. It also examines closely the tension between competition policy and corporate governance tools aimed at enhancing shareholder engagement. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON).

Extern avdelning

S. FRAZZANI, K. NOTI, M. P. SCHINKEL, J. SELDESLACHTS, A. BANAL ESTAÑOL, N. BOOT, C. ANGELICI

Banking Union: Corona crisis effects - Briefing for the BUWG - Calendar week 17 / 2020

23-04-2020

The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, and other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.

The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, and other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.

Banking Union: Corona crisis effects - 2020 / week 15

07-04-2020

The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, or other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.

The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, or other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.

Public economic support in the EU: State aid and special economic zones

06-02-2020

State aid can be defined as an advantage given by a government that may provide a company with an unfair competitive edge over its commercial rivals. State aid can take several forms, such as public subsidies, tax relief, or the purchasing of goods and services on preferential terms. While the European Union (EU) competition rules consider State aid to be incompatible with the internal market, they allow such aid when it promotes general economic development, for example, when tackling the challenges ...

State aid can be defined as an advantage given by a government that may provide a company with an unfair competitive edge over its commercial rivals. State aid can take several forms, such as public subsidies, tax relief, or the purchasing of goods and services on preferential terms. While the European Union (EU) competition rules consider State aid to be incompatible with the internal market, they allow such aid when it promotes general economic development, for example, when tackling the challenges of global competition, the ongoing financial crisis, the digital revolution, and demographic change. To this end, all EU Member States provide some public economic support, for instance, to the coal mining sector, banks, or the digital economy. To contribute to regional development and to increase competitiveness, some Member States have created special economic zones (SEZs), which offer an attractive combination of tax-and-tariff incentives, streamlined customs procedures, less laws, provision of infrastructure, and creation of business clusters. The European Commission is currently evaluating the State aid modernisation (SAM) package and some of its related laws, as these will expire by the end of 2020. The European Parliament takes a two fold stance towards public economic support in the EU. On the one hand, Parliament stresses that State aid should support ecological transformation and foster the development of services, knowledge, and infrastructure rather than providing support to specific companies. On the other hand, it calls on the Commission to ensure that State aid is reduced in the long term, given its distortive effects on the internal market. While the temporary State aid offered to the financial sector to stabilise the EU financial system might have been necessary, Parliament calls on the Commission to scrutinise and eventually remove this aid. Parliament, inter alia, also calls on the Member States to abandon unfair competition practices based on unjustified tax incentives and to adopt appropriate rules in the Council.

Country-Specific Recommendations in banking - November 2019

12-11-2019

Financial sector reforms have been flagged by the Commission in its Communication on the 2019 European Semester as the policy area where Member States have made the most progress during last year. This briefing focuses on the banking recommendations addressed by the Council to individual Member States within the framework of the European Semester over the past years (2011-2019). It covers all recommendations targeting individual Member States’ banking sectors from a financial stability perspective ...

Financial sector reforms have been flagged by the Commission in its Communication on the 2019 European Semester as the policy area where Member States have made the most progress during last year. This briefing focuses on the banking recommendations addressed by the Council to individual Member States within the framework of the European Semester over the past years (2011-2019). It covers all recommendations targeting individual Member States’ banking sectors from a financial stability perspective or in respect of the financing of their economies and access to finance. It takes stock of these banking relevant country-specific recommendations issued since 2011, having a closer look at the most recent recommendation iteration, as well as, looks in detail at the main topics addressed and gives an overview of the implementation by Member States as assessed by the Commission. The briefing is regularly updated.

Single Resolution Board (SRB) - Accountability Arrangements and Legal Base for Hearings in the European Parliament - State of Play - August 2019

29-08-2019

This note prepared by the Economic Governance Support Unit provides an overview of the EP’s accountability hearings in the context of the Single Resolution Mechanism.

This note prepared by the Economic Governance Support Unit provides an overview of the EP’s accountability hearings in the context of the Single Resolution Mechanism.

Competition issues in the Area of Financial Technology (FinTech): Study presentation

04-04-2019

The study presented in this event deals with the new competition challenges brought about by the increasing number of FinTech services, which are provided by newcomer start-ups, traditional financial institutions and big tech companies. Namely, network effects derived from the use of online-platforms, the use of customer data, algorithms, standardisation and interoperability can result in anticompetitive behaviour. The analysis takes a service-by-service approach to provide both, a descriptive breakdown ...

The study presented in this event deals with the new competition challenges brought about by the increasing number of FinTech services, which are provided by newcomer start-ups, traditional financial institutions and big tech companies. Namely, network effects derived from the use of online-platforms, the use of customer data, algorithms, standardisation and interoperability can result in anticompetitive behaviour. The analysis takes a service-by-service approach to provide both, a descriptive breakdown and normative tools to anticipate and manage anticompetitive behaviours as they occur. This presentation was prepared by Policy Department A at the request of the ECON Committee.

Extern avdelning

David RAMOS MUÑOZ Juan Pablo VILLAR GARCÍA et al.

Exchange of views with Mrs Elke König, Chair of the Single Resolution Board

05-12-2018

This briefing presents selected issues regarding the work of the Single Resolution Board (SRB) in advance of the exchange of views with Mrs Elke König, Chair of the SRB, in ECON on 6 December 2018. The briefing thematically covers the following: (i) Pending response to the EP 2017 Banking Union report, (ii) Updated information in the resolution case of Banco Popular, including the Valuation 3 report, (iii) SRB’s 2018 MREL policy; (iv) The backstop to the Single Resolution Fund (SRF); (v) Liquidity ...

This briefing presents selected issues regarding the work of the Single Resolution Board (SRB) in advance of the exchange of views with Mrs Elke König, Chair of the SRB, in ECON on 6 December 2018. The briefing thematically covers the following: (i) Pending response to the EP 2017 Banking Union report, (ii) Updated information in the resolution case of Banco Popular, including the Valuation 3 report, (iii) SRB’s 2018 MREL policy; (iv) The backstop to the Single Resolution Fund (SRF); (v) Liquidity in resolution, including the summary of external briefings commissioned by the ECON Committee; (vi) Brexit-related issues, (vii) Bank liquidation regime, (viii) Other publications including the SRB’s 2019 work programme and the 2018 contributions to the SRF.

Kommande evenemang

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

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