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Streszczenie :
Credible ECB monetary policy requires that the revised EU economic governance framework be tightly enforced from its start. Net primary expenditures as key control variable allow predictable monetary policy focused on stabilisation. However, widespread debt reduction pushing spending growth below potential GDP growth may prompt more accommodative ECB policy. Moreover, potentially cumulating changes in public spending-to-GDP ratios need close monitoring. Finally, the criteria for TPI may increase pressure to be lenient on enforcement of the fiscal rules.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 4 December 2024.
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This document provides an overview of all country-specific recommendations for 2024 as proposed by the Commission on 19 June 2024 and agreed by the Council on 16 July 2024.
Autorzy :
LOI GIACOMO, HANINA KATERYNA
IMF Lending to Ukraine: State of Play and the Road Ahead EN
Analiza
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This paper provides an overview of the International Monetary Fund (IMF)’s lending to Ukraine, particularly focusing on the IMF response to the Russia’s invasion of Ukraine since February 2022, given the challenging macroeconomic circumstances. If further analyses the key elements of the IMF’ Extended Fund Facility (EFF) programme for Ukraine, including the evolution of core assumptions, risks, fiscal sustainability and conditionality.
Autorzy :
RAKIC Drazen, HANINA KATERYNA
How to achieve CMU, after all? An analysis of the recommendations for Capital Markets Union in the Draghi, Letta and Noyer reports EN
Analiza
Streszczenie :
The three reports by Draghi, Letta and Noyer remind policy makers that capital markets channelling savings into investments is key to competitiveness and economic growth. The recommendations of these reports could give new impetus to the long-standing flagship policy of the Capital Markets Union (CMU). In this briefing we show how securitisation, supervision, market infrastructure and savings/pensions schemes are identified as priorities in all three reports, however with different conclusions. We also discuss all other CMU recommendations in the reports.
Autorzy :
SABOL MAJA, LOI GIACOMO, SPITZER Kai Gereon
The role (and accountability) of the President of the Eurogroup EN
Briefing
Streszczenie :
This briefing paper provides an overview of the role and mandate of the Eurogroup and the role and accountability of its President, including the procedures for his/her appointment. This paper includes the following sections: 1) The role of the Permanent President of the Eurogroup; 2) The President of Eurogroup and the European Parliament; 3) The role and mandate of the Eurogroup; and 4) Eurogroup transparency. The paper will be regularly updated.
Autorzy :
HAGELSTAM Kajus, LEHOFER WOLFGANG, LOI GIACOMO
Looking back at 10 years of parliamentary scrutiny in the Banking Union EN
Briefing
Streszczenie :
This briefing presents a summary of 3 studies prepared by academic expert panel for the Banking Union on the occasion of 10 years of parliamentary scrutiny over key authorities within the Banking Union, the Single Supervisory Mechanism (SSM) and the Single Resolution Board (SRB). It also presents proposals for enhancing the accountability framework governing these authorities. These studies were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.
Autorzy :
SABOL MAJA, SANGERS BO
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This study provides details of the current situation and future trends in the EU concerning aspects related to skills demands, skills shortages, and skills mismatches. It takes into consideration the transformative role of the digital and green transitions and the labour market shifts determined by demographic changes. The analysis comprises a presentation of the various EU skills initiatives, assessing their impact, complementarity and gaps. And formulates a set of recommendations to address gaps identified in the EU skills policy.
This document was provided by Fondazione Giacomo Brodolini to the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Employment and Social Affairs (EMPL).
Monetary Dialogue in September 2024: Summary of parliamentary scrutiny activities EN
Briefing
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This briefing provides a summary of all scrutiny activities of the European Parliament related to euro area monetary policy in advance of the September2024 Monetary Dialogue with the European Central Bank (ECB). It covers the topics chosen by the competent Committee and related expertise papers provided in advance of the Dialogue, the topics addressed during the Dialogue, and latest written questions made by Members to the ECB President. The document is published regularly ahead and after each Monetary Dialogue with the ECB.
Autorzy :
SABOL MAJA, HANINA KATERYNA
Issues at stake in view of the COP29 UN Climate Change Conference in Baku-Scaling up climate action and support EN
Badanie
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This study provides an overview of the status of international climate negotiations and issues at stake at the COP29 climate change conference. It also addresses the current implementation of the Paris Agreement, the climate policies of key Parties and the stakeholders in the negotiations.
This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on the Environment, Public Health and Food Safety (ENVI).
Research for REGI committee - Climate adaptation using Cohesion Policy: Fostering adaptation, regional resilience and economic sustainability EN
Badanie
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This study examines how Cohesion Policy can support climate adaptation, regional resilience and sustainable businesses in the EU. It identifies regional and sectoral adaptation needs, maps relevant EU policy instruments and assesses current Cohesion Policy investment support. The study finds increased but still insufficient funding for adaptation, with gaps between support and needs. Recommendations include improving the integration and tracking of adaptation, developing tailored sectoral strategies, improving business awareness and funding access, and enhancing regional capacity for adaptation.
Research for REGI committee - Climate adaptation using Cohesion Policy: Fostering adaptation, regional resilience and economic sustainability EN
W skrócie
Streszczenie :
This study examines how Cohesion Policy can support climate adaptation, regional resilience and sustainable businesses in the EU. It identifies regional and sectoral adaptation needs, maps relevant EU policy instruments and assesses current Cohesion Policy investment support. The study finds increased but still insufficient funding for adaptation, with gaps between support and needs. Recommendations include improving the integration and tracking of adaptation, developing tailored sectoral strategies, improving business awareness and funding access, and enhancing regional capacity for adaptation.
Issues at stake at the COP16 to the Convention on Biological Diversity EN
Badanie
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The Kunming-Montreal Biodiversity Framework (GBF), adopted in 2022, aims to drive global biodiversity conservation through 23 targets and four overarching goals.
As COP16 approaches in October 2024, the study looks at overall progress in implementation since COP15 and examines the major issues at stake, including a review of the state of implementation at national level, establishing a financial mechanism and adopting a multilateral agreement on digital sequence information.
This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on the Environment, Public Health and Food Safety (ENVI).
Banking union and the long wait for cross-border integration EN
Badanie
Streszczenie :
The banking union project has achieved European-level policy integration of microprudential supervision but not of crisis intervention. This largely explains the disappointing progress in the cross-border integration of the banking sector, which we document using data on banks’ assets and also specifically on their sovereign exposures.
In a capital markets union, there is no equivalent of the banking crisis intervention framework and related public financial safety net, and therefore supervisory integration can have more direct catalytical impact in that context than in banking.
10 years of Banking Union case law – how did CJEU judgments shape supervision and resolution practice in the Banking Union? EN
Badanie
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This paper discusses EU case law developed over the past decade relating to decisions taken by the European Central Bank within the Single Supervisory Mechanism (SSM) and within the Single Resolution Mechanism (SRM). The cases centre around embracing and solidifying the BU framework, inter alia, with the admissibility to challenge ECB’s supervisory and licence withdrawal decisions, the application of national law by the ECB in its supervisory competence and the methodology attached to the setting of administrative pecuniary penalties. Other cases concern the determination of the ex-ante contributions to the Single Resolution Fund, the perimeter of resolution decision-making, and the responsibility of the decision-making bodies involved in the resolution process.
Current challenges and opportunities for addressing obesity EN
Badanie
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This paper presents current developments and challenges in the prevention and management of obesity in the European Union. The analysis provides an overview of the disease, emphasises the importance of designing supportive environments in prevention efforts, and makes an argument to upskill the healthcare provided to persons living with obesity. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Subcommittee on Public Health (SANT).
Can Banking Union foster market integration, and what lessons does that hold for capital markets union? EN
Analiza
Streszczenie :
Over the past decade, Banking Union (BU) regulators focused on making banks safer, resulting in stronger banks but limited euro area cross-border integration. To attain the strong and integrated financial system Europe needs going forward, BU authorities must now broaden their focus, promoting cross-border banking by removing legislative barriers that prevent or discourage it. That goal requires reducing overbanking and limiting the national authorities’ regulatory power further. It also necessitates a Capital Markets Union (CMU) under a unified supervisory control. We argue that BU and CMU are complements in a strong and integrated European financial system, and that a successful launch of CMU presupposes progress towards an integrated BU.
Council position on the CMDI reform- An initial analysis regarding key aspects of the proposed bank crisis management framework EN
Briefing
Streszczenie :
Following the negative reaction from the Commission when the Council published its general approach to the CMDI reform, this briefing provides some initial analysis regaring the key aspects of public interest assessment, resolution objectives and resolution funding. Clearly, the Council aims for a narrower scope of resolution in harmonised procedures by the Banking Union authorities than the Commission and narrows the available funding accordingly, potentially privileging action under national frameworks instead. Whether a balance is achieved, however, will require more in-depth analysis.
Autorzy :
MAGNUS Marcel, SPITZER Kai Gereon
Can the Banking Union foster market integration, and what lessons does this hold for Capital Markets Union? EN
Analiza
Streszczenie :
We discuss the contribution of the Banking Union in its current form to market integration in the euro area. While the introduction of single supervision has fostered banking integration, limited progress in single resolution and the absence of a European deposit insurance scheme undermine further advancements. We argue that a significant obstacle to financial integration lies in the persistence of national interests in regulation, supervision, and politics. We also explore the lessons that can be learned from ten years of the Banking Union for the development of the Capital Markets Union and the integration of capital markets. The successes of the Banking Union in common supervision and rule-setting can provide a path forward.
Can the Banking Union foster market integration, and what lessons does that hold for the Capital Markets Union? EN
Badanie
Streszczenie :
We address the role of the Banking Union (BU) in promoting market integration and the lessons it provides for the Capital Markets Union (CMU).
First, we tackle BU’s establishment, exploring whether it has achieved its original goals and discussing its main shortcomings. Second, we address market integration in the BU. Third, we advance some proposals to finalise the BU accelerating effective market integration. Fourth, we explore various BU-CMU interconnections, introducing policy-related considerations to support the development of a well-functioning CMU.
ELTIFs: Delegated Act (RTS) supplementing Regulation (EU) 2015/760 ECON Scrutiny Session of 30 September 2024 EN
Briefing
Streszczenie :
The review of Regulation (EU) 2015/760 (ELTIF Regulation) concluded in February 2023 with the adoption of the amending Regulation (EU) 2023/606 (ELTIF 2.0), the aim of which was to increase the attractiveness of ELTIFs. ELTIF 2.0 is applicable since 10 January 2024. ELTIFs are the only type of fully harmonised alternative investment funds (AIFs) dedicated to long-term investments and they are open both to professional and retail investors.
Since the adoption of the original ELTIFs legal framework in April 2015 (ELTIF 1.0), only 57 ELTIFs (as of October 2021) had been launched with a relatively small amount of net assets under management (total assets under management are estimated at approximately EUR 2.4 billion in 2021). Such authorised ELTIFs were domiciled in only four Member States (Luxembourg, France, Italy and Spain), and the other Member States had no domestic ELTIFs. Among the main reasons for the insufficient uptake of ELTIFs in Europe the Commission had identified restrictive fund rules and barriers to entry for retail investors.
The reform of 2023 aimed to strike a balance that would help overcome the issue of restrictive rules and to enhance long-term investment in Europe and deepen the Capital Markets Union. The result was well received in the market, as it is proven by the fact that since 2023, the number of authorised ELTIFs has increased significantly.
Regulation (EU) 2023/606 (ELTIF 2.0) mandated ESMA to adopt RTSs on various aspects of the amending Regulation. On 19 December 2023, ESMA submitted its draft RTS to the Commission. Based on ESMA’s draft RTS, on 6 March 2024 the European Commission has adopted the RTS “with amendments” citing multiple legal problems with the draft RTS and requested ESMA to resubmit the draft RTS within 6 weeks in line with the adoption procedure set out in Article 10(1) of ESMA Regulation. Upon receiving an amended draft from ESMA, in line with the procedure under Article 10(1) of ESMA Regulation, the Commission adopted on 19 July 2024 the RTS with the amendments it considered relevant and submitted the delegated act to the Parliament and to the Council for scrutiny. The scrutiny period ends on 21 October 2024. Before the formal adoption of the ELTIF delegated act, the Commission consulted the Expert Group of the European Securities Committee where the majority of Member States supported the RTS as amended by the Commission
Autorzy :
ARRAS MOONIKA, MUR CARLOS
Streszczenie :
This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions. Annex 1 includes latest GDP data and forecasts for all EU Member States and Annex 2 the latest inflation data and developments.
Autorzy :
SABOL MAJA, LOI GIACOMO, HANINA KATERYNA
Euro area monetary policy: Quarterly overview, September 2024 EN
Briefing
Streszczenie :
This briefing paper was prepared ahead of the Monetary Dialogue between the Committee on Economic and Monetary Affairs (ECON) and the European Central Bank (ECB) President on Monday, 30 September. It provides a summary of key monetary policy developments and decisions taken by the ECB’s Governing Council.
Autorzy :
RAKIC Drazen, SABOL MAJA, LOI GIACOMO, HANINA KATERYNA
Regulation 1049/2001 on the right of access to documents, including the digital context EN
Badanie
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Upon request of the Committee on Petitions (PETI), the Policy Department for Citizens’ Rights and Constitutional Affairs commissioned the present study on Regulation 1049/2001 on access to documents with a twofold objective. First, to update the analysis conducted in a 2016 study for the PETI Committee with the latest developments in the case law of the CJEU and the activities led by the European Ombudsman since then – in particular focussing on access to legislative documents, documents relating to administrative proceedings, Court proceedings, infringement proceedings, protection of privacy, international relations, and special regimes. Second, to assess the possible future alignment of the Access Regulation with the evolving digital context, including a potential revision of the definition of document, access to user-friendly public registers and internet sites, access to agendas of officials and scheduled meetings with interest representatives, and access to videos of CJEU oral hearings. The research also incorporates illustrative and complementary cases and own initiatives by the European Ombudsman as indications of evolving challenges to institutional secrecy in the EU context.
10 years of Banking Union case-law: How did CJEU judgments shape supervision and resolution practice in the Banking Union? EN
Badanie
Streszczenie :
This study discusses and analyses on a targeted basis and in a systematic way the evolution and key aspects of the case-law of the Court of Justice of the European Union (CJEU) in relation to the two key pillars of the Banking Union in force, namely, the Single Supervisory and the Single Resolution Mechanisms, from their full operationalisation in November 2014 and in January 2016, respectively, up to the beginning of September 2024.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.
The Capital Markets Union – an extra feather to the EMU- Are Capital Markets Important for Monetary Policy? EN
Badanie
Streszczenie :
The first 10 years of the Capital Markets Union (CMU) have been marked by minimalistic progress. The unfinished nature of the CMU has direct relevance for the ECB by affecting financing conditions in Member States and eroding the risk-sharing ability of the EMU, imposing a higher burden on the ECB to act as “the only game in town”. It has even bigger implications for the long-term investment opportunities and economic performance of the EU. This calls for a renewed approach and narrative on the CMU to gather political support to move forward.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 30 September 2024
Banking Market Integration in Europe and Insolvency Law EN
Analiza
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Despite considerable progress towards a Banking Union in the euro area, banks in the EU continue to be subject to widely varying insolvency law as applied to their lending customers. This paper provides evidence that bank interest margins tend to be higher in countries with weaker loan enforcement. Higher bank interest margins are a sign of less efficient bank intermediation, and hence the evidence of this paper suggests that bank intermediation is less efficient in countries with weaker loan enforcement. This policy-induced national variability in bank efficiency is incompatible with banking union.
Analysis of the Proposal for a Directive on Transparency of Third-Country Interest Representation EN
Analiza
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This analysis discusses specific issues regarding the proposal for a Directive on the transparency of third-country lobbying. It highlights complex questions in relation to civil society organisations and the need for uniform implementation and effective judicial protection. If designed and implemented well, the Directive could establish a transparent framework for foreign governments to engage in lobbying within the EU.
This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Internal Market and Consumer Protection (IMCO).
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In this paper, different assessments of the ECB’s monetary policy stance are reviewed, beyond the mere observation of the sharp rise and subsequent decline of the policy rate. Overall, the monetary policy stance has been more moderate during the tightening cycle than what has been indicated by the policy rate increase. However, following the decline in energy prices, this past and relatively mild restrictive policy stance poses a risk to economic activity.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 30 September 2024.
CRR/CRD: The delegated act on the date of application of the own funds requirements for market EN
Briefing
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The CRR 3/CRD 6 package constitutes the final phase in the implementation of the internationally agreed finalised Basel 3 prudential requirements for banks into the EU financial services acquis. In particular, the CRR 3 introduces the revised market risk requirements as binding own fund requirements. These requirements were introduced in the CRR 2 only as reporting requirements. However, at the time of the adoption of the CRR 3 it was not clear how and whether other major jurisdictions will apply the finalised market risk framework. Therefore, co-legislators mandated the Commission to monitor possible differences in the international implementation of the market risk framework and, in case of ‘significant differences’, empowered the Commission to postpone the application of the capital requirements for market risk for up to two years or to introduce temporary amendments to CRR 3 market risk requirements in the form of capital multipliers or targeted operational relief measures (Art. 461a CRR). On 24 July 2024, the Commission adopted a delegated act (DA) postponing the date of application of the market risk framework by one year to 1 January 2026.
Autorzy :
MAIER Rudolf
10 years of Banking Union’s case-law: How did European courts shape supervision and resolution practice in the Banking Union? EN
Badanie
Streszczenie :
The Banking Union makes ten years. It is a story of success. Courts have been crucial for this success. This study explains why, and what should be done to preserve (and improve) their role.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.
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This note provides an overview of the main features and recent developments regarding the advisory European Fiscal Board. It also includes some reflections on a stronger role of the EU level fiscal board in the light of the revised EU economic governance framework.
Autorzy :
HAGELSTAM Kajus, DE LEMOS PEIXOTO SAMUEL, LOI GIACOMO
The Judicial Scrutiny of the SSM and the SRB-A missed chance or a success story? EN
Badanie
Streszczenie :
This study examines key rulings on the supervision and resolution of credit institutions in the EU and their impact on the Banking Union framework. It explores how case law has refined the European Central Bank’s practices, shareholders' and boards' rights, and the interaction between ECB and Single Resolution Board powers during ‘failing or likely to fail’ assessments. While highlighting how litigation has clarified processes, rights, and the criteria for resolution, the study’s findings underscore the need for heightened scrutiny of agencies to prevent political interference and ensure effective oversight.
From Aggressive Rate Hikes to Gradual Easing: The ECB’s Evolving Monetary Policy Stance Amidst Persistent Services Price Pressures EN
Analiza
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The ECB’s interest rate hikes since 2022 aimed to curb inflation by tightening financial conditions and dampening aggregate demand. While price pressures for food and goods have eased, persistent inflation in the services sector remains a key concern. Although the ECB is expected to gradually ease its restrictive stance by 2025, inflation challenges could re-emerge. The ECB should be careful not to undermine its commitment to price stability by loosening monetary policy too aggressively.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 30 September 2024.
Public hearing with Dominique Laboureix, Chair of the Single Resolution Board - 23 September 2024 EN
Briefing
Streszczenie :
This briefing has been prepared for the public hearing with the Chair of the Single Resolution Board (SRB), Dominique Laboureix, scheduled for 23 September 2024.
This briefing addresses:
• Regular reporting on MREL- Q1 2024
• Resolvability assessment 2023
• Bail-in mechanics
• Forthcoming expectations on valuation capabilities
• SRB‘s 2023 annual report
• Second SRB’s report on smaller banks in the Banking Union
• Two new thematic briefing papers on SRB accountability and on the CMDI Council position.
Autorzy :
MAGNUS Marcel, SABOL MAJA, SPITZER Kai Gereon
One Money, One Financial Market- The Capital Markets Union EN
Analiza
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Bringing all European financial markets under one roof, the Capital Markets Union (CMU), stands to provide European savers and borrowers with better opportunities. This, in turn, is expected to boost long-term growth and to improve the functioning of the Economic and Monetary Union (EMU). Yet, powerful private and public interest groups have been able so far to stand in the way of this transformation. Most governments are torn between the benefits from CMU and the pressure of these interest groups.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 30 September 2024.
Research for PECH Committee - The EU oceans and fisheries policy - Latest developments and future challenges EN
W skrócie
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This study provides an overview of the Common Fisheries Policy and other EU policies in relation to Fisheries, Aquaculture, the Blue Economy and International Ocean Governance. The current and future challenges facing these are described. Strengths and weaknesses of EU policy in addressing these challenges are assessed, leading to the authors making a range of specific policy recommendations.
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Since the inception of the Banking Union numerous decisions of the CJEU have been issued. The purpose of this paper is to assess the impact of some of the key decisions on the legal framework established 10 years ago, showing how they have been instrumental in supporting a centralised and integrated model of banking supervision at the EU level. In that context, the SSM could represent an example of a truly integrated EU legislative system, with a proper institutional balance.
Streszczenie :
This catalogue provides the list of publications and events prepared by Policy Department for Budgetary Affairs during the eighth legislative period (2019-2024) in the field of budgetary affairs. The first part gives an overview of the studies and briefings requested by BUDG and CONT sometimes in cooperation with the other committees. The second part lists the workshops held at the request of these committees. Short summaries describe the content of each document. The full-text versions of all documents are available online at: http://www.europarl.europa.eu/supporting-analyses.
Autorzy :
FISCHER NIELS
Research for PECH Committee - The EU oceans and fisheries policy - Latest developments and future challenges EN
Badanie
Streszczenie :
This study provides an overview of the Common Fisheries Policy and other EU policies in relation to Fisheries, Aquaculture, the Blue Economy and International Ocean Governance. The current and future challenges facing these are described. Strengths and weaknesses of EU policy in addressing these challenges are assessed, leading to the authors making a range of specific policy recommendations.
Research for CULT Committee - EU education, youth and sport policy - overview and future perspectives EN
Badanie
Streszczenie :
This study provides a comprehensive overview of the situation to date and forward-looking insights in the areas of European Union education and training, youth, and sport policy. It highlights the existing and potential future challenges and opportunities within each policy field and makes recommendations for addressing them.
Research for CULT Committee - EU education, youth and sport policy - overview and future perspectives EN
W skrócie
Streszczenie :
This at a glance note summarises the study providing a comprehensive overview of the situation to date and forward-looking insights in the areas of European Union education and training, youth, and sport policy. It highlights the existing and potential future challenges and opportunities within each policy field and makes recommendations for addressing them.
Recovery and Resilience Dialogue with the European Commission 16 September 2024 EN
Analiza
Streszczenie :
Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 16th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation, scheduled for 16 September 2024. The previous RRD took place on 22 April 2024.
Autorzy :
MAGNUS Marcel, LOI GIACOMO, HANINA KATERYNA
Recovery and Resilience Plans and the involvement of stakeholders EN
Analiza
Streszczenie :
This paper presents the latest findings and developments related to the Recovery and Resilience Facility (RRF), with a particular focus on stakeholder assessments of its structure and initial implementation. It summarises the perspectives of stakeholders at the EU, national, regional, and local levels concerning the National Recovery and Resilience Plans (NRRPs). Notably, the paper compiles recent opinions and evaluations from EU stakeholders, as well as relevant institutions and bodies, regarding the execution of these plans.
Autorzy :
LEHOFER WOLFGANG, HANINA KATERYNA
Streszczenie :
Banking Union is crucial for European integration, ensuring financial stability in the single market for financial services. The Court of Justice of the European Union (CJEU) plays an essential role in interpreting and enforcing the legal framework of the Banking Union, especially regarding the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). This in-depth analysis scrutinises the pertinent CJEU case law and highlights its implications for the Banking Union and the EU legal order. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.
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The European Banking Union has marked a substantial transfer of powers for banking supervision and resolution from the national to the supranational arena. With power and independence comes accountability to ensure that the competences are exercised in accordance with their legal framework. This paper analyses existing accountability mechanisms and concludes that accountability should be strengthened in light of the relevance of supervisory and resolution decisions both on an individual fundamental rights level and at the global policy level.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.
Gender Mainstreaming in the parliamentary work of the LIBE Committee EN
Briefing
Autorzy :
SCHONARD Martina
Streszczenie :
This paper argues that the mandate of the SSM is too imprecise to function as a quantifiable yardstick based on which the performance of the ECB can be objectively evaluated. The accountability mechanisms should therefore focus on policy processes, underlying analyses and motivations instead of results.
Based on the transparency index of Liedorp (2013), the SSM appears much more transparent than national supervisors at the time of the SSM’s creation.
However, the legislative framework lacks one feature that is usually associated with the concept of accountability, as the EP has no possibility to impose formal sanctions if the SSM underperforms.
Public hearing with Claudia Buch, Chair of the ECB / SSM Supervisory Board EN
Briefing
Streszczenie :
This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Claudia Buch, scheduled for 2 September 2024. The previous hearing took place on 21 March 2024.
Autorzy :
MAGNUS Marcel, SABOL MAJA, SPITZER Kai Gereon
10 years of parliamentary scrutiny over the Single Supervisory Mechanism EN
Badanie
Streszczenie :
We first discuss why and how banking supervisors should be held accountable for their activities, then consider the case of the ECB /SSM to report on the academic debate on its faults and merits. We also review the main accountability channels between the ECB and the EP, showing how they have been used since 2014. Finally, we outline some possible steps to improve the ECB’s accountability in the short term.
Research for CULT Committee - EU culture and creative sectors policy - overview and future perspectives EN
W skrócie
Streszczenie :
This At a glance note summarises the study providing a comprehensive overview and understanding of the main current and future issues to be expected in the area of EU culture and creative sectors policy in the 2024-2029 term of the European Parliament.
EU anti-fraud architecture – the role of EU-level players, how they cooperate and the challenges they face EN
Badanie
Streszczenie :
This study presents an overview of the current anti-fraud architecture of the European Union, describing the composition, roles and responsibilities of the organisations involved, as well as their governance structures and forms of cooperation and coordination.
On this basis, the study identifies potential risks and challenges related to the design and functioning of the architecture which can suggest further actions to improve its effectiveness and efficiency. It places a particular focus on the existing and possible future role of the European Parliament in this context.
Research for CULT Committee - EU culture and creative sectors policy - overview and future perspectives EN
Badanie
Streszczenie :
This study provides a comprehensive overview and understanding of the main current and future issues to be expected in the area of EU culture and creative sectors policy in the 2024-2029 term of the European Parliament.
Streszczenie :
The European Parliament Policy Department for Citizens’ Rights and Constitutional Affairs organised upon request of the Committee on Civil liberties, Justice and Home Affairs a Workshop on “The EU as a Union of Equality?”, which took place on Tuesday 19 March 2024 from 14.30 to 16.00 pm.
The present document collects the transcriptions of the audio-video recordings of the event, which are publicly available on the EP website.
Autorzy :
MARZOCCHI Ottavio, SANDU Georgiana, ABRIL MARTI PABLO
How to reduce the impact of disinformation on Europeans' health EN
Badanie
Streszczenie :
This in-depth analysis (IDA) provides a broad overview over the emerging challenges connected with disinformation in the area of health, the way it spreads and the damage it causes. The report further highlights proposed or implemented measures at various levels to address health-related disinformation, accompanied by recommendations aimed at mitigating its impact on the well-being of Europeans.
Research for PECH Committee - Handbook of fishing gears used by the EU fleet EN
Badanie
Streszczenie :
This handbook provides an illustrated overview of the main fishing gears currently used in the EU. For each gear, the handbook outlines the essentials of its design, operation method and target species, and shows the main Member State fishing fleets that use it. In addition, it indicates the name of the gears in Danish, German, Spanish, French, Italian, Dutch and Portuguese.
Autorzy :
BREUER Marcus Ernst Gerhard, POPESCU Irina
Research for REGI, CONT and BUDG Committees - Cohesion Policy Calendar (2021-2027 and 2014-2020 Programming Periods) July 2024 update EN
Briefing
Streszczenie :
The implementation timetable for cohesion policy is defined largely by its legislative framework. In order to be able to plan parliamentary work and exercise systematic scrutiny of policy implementation and of the Commission’s work, it is essential to have an overview of the timing of different steps in policy implementation in the coming years. This type of briefing was first published (and subsequently updated) in 2014 covering the 2014-2020 programming period. This version includes the policy actions of the 2021-27 period, while still indicating the last steps of the 2014-20 period. It includes a detailed (but non-exhaustive) timetable of policy actions in the second half of 2024, together with an overview of major actions for the remainder of the programming period, from 2025. Given its contribution to cohesion in the European Union, policy actions under the Recovery and Resilience Facility are now included in the calendar. Policy actions related to budgetary and budgetary control aspects are coloured green (for the year 2024)..
Autorzy :
HAASE Diana
Streszczenie :
The Stability and Growth Pact (SGP) is the legal framework (based on primary and secondary EU law) that seeks to ensure sustainable public finances in the interest of the stability of the Economic and Monetary Union. The SGP consists of two main building blocks: the preventive arm and the corrective arm. The revised rules on the preventive and corrective arms entered in force in April 2024. This note provides an overview of the reformed framework. A separate forthcoming document will focus on the application of the SGP. This briefing is structured in three main sections: first, it outlines the key new elements in the preventive arm; second, it details the revised corrective arm; and finally, it explains the role of the European Parliament in the new framework. Each section provides a step-by-step explanation of the procedures involved.
Autorzy :
DE LEMOS PEIXOTO SAMUEL, LOI GIACOMO
EU Mapping: Overview of Internal Market and Consumer Protection related legislation EN
Badanie
Streszczenie :
This paper provides a graphic overview on core legislation in the area of the Internal Market and Consumer Protection. The presentation essentially covers the areas within the responsibility of the Committee on Internal Market and Consumer Protection, but also displays neighbouring areas of other Committees' competences which are closely connected to and impacting on IMCO's work.
This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies and the Secretariat of the Committee on Internal Market and Consumer Protection (IMCO) at the request of the Committee on Internal Market and Consumer Protection.
Autorzy :
MAINARDI ELENA, MARTINELLO BARBARA