774

result(s)

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Date

Review of the Benchmark Regulation

01-10-2020

On 27 July 2017, the UK Financial Conduct Authority (FCA) announced its resolution to phase out the London Interbank Offered Rate (LIBOR) by the end of 2021. As supervisor of the LIBOR, the FCA wanted to allow for a smooth transition to alternative reference rates of this widely used benchmark. On 24 July 2020, the European Commission adopted a proposal to amend the Benchmarks, Regulation. The most important part of this proposal is to regulate the replacement rate of a benchmark in cessation (in ...

On 27 July 2017, the UK Financial Conduct Authority (FCA) announced its resolution to phase out the London Interbank Offered Rate (LIBOR) by the end of 2021. As supervisor of the LIBOR, the FCA wanted to allow for a smooth transition to alternative reference rates of this widely used benchmark. On 24 July 2020, the European Commission adopted a proposal to amend the Benchmarks, Regulation. The most important part of this proposal is to regulate the replacement rate of a benchmark in cessation (in this case: LIBOR) and to avoid a legal vacuum. This amendment would empower the European Commission to designate, by an implementing act, a statutory replacement rate to replace the reference to the benchmark in cessation, if this cessation may result in significant disruption of financial markets in the Union.

Impact of noise pollution on residents of large cities, with special regard to noise pollution from aircrafts

30-09-2020

This study, provided by the Policy Department for Citizens' Rights and Constitutional Affairs at the request of the Committee on Petitions, aims to provide a clear and simple overview to the non-expert reader, on the Impact of aircrafts noise pollution on residents of large cities, as well as to give recommendations addressed to the most relevant actors. Noise is one of the most important problems linked to aviation. It can lead to health issues, as well as to negative social and economic effects ...

This study, provided by the Policy Department for Citizens' Rights and Constitutional Affairs at the request of the Committee on Petitions, aims to provide a clear and simple overview to the non-expert reader, on the Impact of aircrafts noise pollution on residents of large cities, as well as to give recommendations addressed to the most relevant actors. Noise is one of the most important problems linked to aviation. It can lead to health issues, as well as to negative social and economic effects. Examples of health issues produced by aviation are sleep disturbance, community annoyance, cardiovascular disease, and mental health problems.

External author

Ted ELLIFF, Michele CREMASCI, Violaine HUCK - ENVISA, Paris

Regulatory Sandboxes and Innovation Hubs for FinTech

30-09-2020

The unprecedented leap and the disruption potential of the emerging technological developments in finance have challenged the existing institutional and regulatory arrangements in the financial sector. Jurisdictions across globe have adopted various initiatives to keep abreast of the rapid technological developments and to encourage the development of their FinTech ecosystems. This study examines the setting up of regulatory sandboxes and innovation hubs as part of the overall strategies pursued ...

The unprecedented leap and the disruption potential of the emerging technological developments in finance have challenged the existing institutional and regulatory arrangements in the financial sector. Jurisdictions across globe have adopted various initiatives to keep abreast of the rapid technological developments and to encourage the development of their FinTech ecosystems. This study examines the setting up of regulatory sandboxes and innovation hubs as part of the overall strategies pursued by jurisdictions in response to the FinTech developments. This document was prepared by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and Monetary Affairs (ECON).

La nomination des juges de la Cour Suprême des États-Unis

29-09-2020

Suite au récent décès de l’une des juges de la Cour Suprême des États-Unis, l'un des sièges dans cette Cour est devenu vacant. Dans ce contexte, la Bibliothèque de droit comparé du Parlement européen a le plaisir de mettre à disposition des lecteurs une mise à jour d’un extrait d’une étude que la même Bibliothèque avait publiée précédemment et qui concerne la procédure pour la nomination des juges de la Cour Suprême des États-Unis.

Suite au récent décès de l’une des juges de la Cour Suprême des États-Unis, l'un des sièges dans cette Cour est devenu vacant. Dans ce contexte, la Bibliothèque de droit comparé du Parlement européen a le plaisir de mettre à disposition des lecteurs une mise à jour d’un extrait d’une étude que la même Bibliothèque avait publiée précédemment et qui concerne la procédure pour la nomination des juges de la Cour Suprême des États-Unis.

Independence with Weak Accountability: The Swiss Case

29-09-2020

The Swiss National Bank is highly independent but weakly accountable. Weak accountability is rooted in the formal legislation on central banking but also in the reputation of the Bank, which is unanimously considered as highly successful. The ECB too is highly independent and weakly accountable but it faces diverse public opinions whose views differ across countries. Buttressing ECB accountability is important, therefore, and the European Parliament should consider strengthening the Monetary Dialogue ...

The Swiss National Bank is highly independent but weakly accountable. Weak accountability is rooted in the formal legislation on central banking but also in the reputation of the Bank, which is unanimously considered as highly successful. The ECB too is highly independent and weakly accountable but it faces diverse public opinions whose views differ across countries. Buttressing ECB accountability is important, therefore, and the European Parliament should consider strengthening the Monetary Dialogue. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).

External author

Charles WYPLOSZ

Shaping a European Child Guarantee

22-09-2020

The briefing presents data on the problem of child poverty in the European Union followed by an overview of policy initiatives by the Commission, the Council and the European Palriament. It concludes with points from the debate in research on how to shape an effective Child Guarantee. The note covers aspects of the COVID-19 pandemic.

The briefing presents data on the problem of child poverty in the European Union followed by an overview of policy initiatives by the Commission, the Council and the European Palriament. It concludes with points from the debate in research on how to shape an effective Child Guarantee. The note covers aspects of the COVID-19 pandemic.

Disruption by technology: Impacts on politics, economics and society

21-09-2020

Technological development has long been considered as a disruptive force, provoking change at many levels, from the routine daily activities of individuals to dramatic competition between global superpowers. This analysis examines disruption caused by technologies in a series of key areas of politics, economics and society. It focuses on seven fields: the economic system, the military and defence, democratic debates and the 'infosphere', social norms, values and identities, international relations ...

Technological development has long been considered as a disruptive force, provoking change at many levels, from the routine daily activities of individuals to dramatic competition between global superpowers. This analysis examines disruption caused by technologies in a series of key areas of politics, economics and society. It focuses on seven fields: the economic system, the military and defence, democratic debates and the 'infosphere', social norms, values and identities, international relations, and the legal and regulatory system. It also presents surveillance as an example of how technological disruption across these domains can converge to propel other phenomena. The key disruptive force of 2020 is non-technological, namely coronavirus. The pandemic is used here as an opportunity to examine how technological disruption interacts with other forms of disruption.

The ECB's Asset Purchase Programmes: Experience and Future Perspectives

18-09-2020

In response to the unprecedented shock brought by the COVID-19 pandemic, the European Central Bank (ECB) has deployed a massive package of monetary policy stimulus to safeguard the monetary policy transmission mechanism and keep the euro area economy afloat. As part of this package, the ECB has stepped up its asset purchases, including with the introduction of the new pandemic emergency purchase programme (PEPP) with an envelope of EUR 1.35 trillion by June 2021. Over the years, the impact and ...

In response to the unprecedented shock brought by the COVID-19 pandemic, the European Central Bank (ECB) has deployed a massive package of monetary policy stimulus to safeguard the monetary policy transmission mechanism and keep the euro area economy afloat. As part of this package, the ECB has stepped up its asset purchases, including with the introduction of the new pandemic emergency purchase programme (PEPP) with an envelope of EUR 1.35 trillion by June 2021. Over the years, the impact and the side effects of the non-standard asset purchase programmes have been widely debated. Should they remain as part of the ECB’s toolkit in the future, considering that inflation is expected to stay low and that interest rates are in negative territory? Six papers were prepared for the ECON Committee by the Monetary Expert Panel, presenting empirical evidence and discussing future perspectives of the ECB’s asset purchase programmes. This publication is prepared by Policy Department for Economic, Scientific and Quality of Life Policies for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Lagarde on 28 September 2020.

External author

Pierre L. SIKLOS, Christophe BLOT, Jérôme CREEL, Paul HUBERT, Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI, Joscha BECKMANN, Salomon FIEDLER, Klaus-Jürgen GERN, Stefan KOOTHS, Josefine QUAST, Maik WOLTERS, Angela CAPOLONGO, Daniel GROS, Pierpaolo BENIGNO, Paolo CANOFARI, Giovanni DI BARTOLOMEO, Marcello MESSORI

Implementation of Directive 2011/36/EU: Migration and gender issues

15-09-2020

Directive 2011/36/EU (Anti-Trafficking Directive) is the benchmark legislation on the fight against human trafficking at European level. The aim of this European implementation assessment is to gather evidence on the progress and challenges that occur in the implementation of the directive in the Member States, with a double focus: the migratory context and gender issues. Almost 10 years after its adoption, the Anti-Trafficking Directive remains a valuable tool in combating trafficking in human beings ...

Directive 2011/36/EU (Anti-Trafficking Directive) is the benchmark legislation on the fight against human trafficking at European level. The aim of this European implementation assessment is to gather evidence on the progress and challenges that occur in the implementation of the directive in the Member States, with a double focus: the migratory context and gender issues. Almost 10 years after its adoption, the Anti-Trafficking Directive remains a valuable tool in combating trafficking in human beings in the European Union (EU). Nevertheless, the evaluation points out the need to continue efforts to ensure the application of its provisions in all the directive's main aspects. The persisting grey areas and obstacles are significant enough to put the full achievement of the directive's objectives at risk.

Accountability Mechanisms of Major Central Banks and Possible Avenues to Improve the ECB's Accountability

15-09-2020

Independece of monetary authorities is a key tenet of modern central banking. Indepedence, however, must go hand in hand with accountability towards the public and its elected representatives. Four studies were prepared for the ECON Committee by the Monetary Expert Panel, comparing the accountability practices of major central banks in other juristictions (the Bank of England, the Swiss National Bank, the Bank of Japan and the Federal Reserve) with those of the European Central Bank (ECB) and offering ...

Independece of monetary authorities is a key tenet of modern central banking. Indepedence, however, must go hand in hand with accountability towards the public and its elected representatives. Four studies were prepared for the ECON Committee by the Monetary Expert Panel, comparing the accountability practices of major central banks in other juristictions (the Bank of England, the Swiss National Bank, the Bank of Japan and the Federal Reserve) with those of the European Central Bank (ECB) and offering recommendations on how to improve the ECB's accoutability framework.

External author

Rosa M. LASTRA, Charles WYPLOSZ, Grégory CLAEYS, Marta DOMÍNGUEZ-JIMÉNEZ, Karl WHELAN

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14-10-2020
EPRS online policy roundtable: EU Security and Defence
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15-10-2020
ECI Hearing on ‘Minority Safepack - one million signatures for diversity in Europe’
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LIBE CULT PETI
27-10-2020
EPRS online Book Talk | Beyond Christendom - The politics of religion in Europe today
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