European Parliamentary Research Service Blog
Financial and Banking Issues
Added value of a common EU response to the economic consequences of the coronavirus pandemic
In addition to the tragic loss of human lives, the ongoing novel coronavirus pandemic will have severe consequences for the European economy. Common action at EU level and coordinated long-term strategic action at international level is more necessary than ever before. Continue reading
Outcome of the meetings of EU leaders, 12-13 December 2019
At the first meeting chaired by the new President of the European Council, Charles Michel, EU Heads of State or Government gathered for meetings of the European Council, the European Council’s Article 50 formation and the Euro Summit. Continue reading
A decade on from the financial crisis: Key data
The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Continue reading
What if Libra disrupted the financial system? [Science and Technology podcast]
As of 2020, Facebook’s cryptocurrency project Libra promises to connect everybody to the global, digital world of banking. The introduction of a privately governed currency could fundamentally challenge the current EU financial framework, conflict with EU law and tax requirements, and violate consumer rights. Continue reading
Plenary round-up – Strasbourg, March II 2019
Highlights of the March II plenary session included debates on the conclusions of the 21-22 March 2019 European Council meeting and on recent developments on the Dieselgate scandal. Parliament also debated the situation in Algeria and the illegal occupation of Crimea by the Russian Federation. Important debates also took place on various legislative proposals, including on interoperability between EU information systems. Continue reading
Sustainable finance and disclosures: Bringing clarity to investors [EU Legislation in Progress]
On 24 May 2018, the Commission published three proposals for regulations reflecting the EU’s efforts to connect finance with its own sustainable development agenda. The proposals include measures to: create an EU sustainable finance taxonomy; make disclosures relating to sustainable investments and sustainability risks clearer; and establish low-carbon benchmarks. Continue reading
Minimum loss coverage for non-performing loans [EU Legislation in Progress]
The recessions resulting from the financial crisis that broke out at the end of the last decade have caused economic difficulties for more and more EU companies and citizens in recent years, leaving them unable to repay their loans. Continue reading
EU policies – Delivering for citizens: The fight against tax fraud [Policy Podcast]
Tax policy, and the fight against tax fraud, have gained particular exposure over the five past years as a result of the light shed by repeated tax leaks and the related journalistic investigations. Continue reading
The InvestEU programme: Continuing EFSI in the next MFF [EU Legislation in Progress]
Since its launch in November 2014, the Investment Plan for Europe (IPE) has had considerable success in mobilising private investment across Europe. Despite its success, investment levels in Europe remain below pre-crisis levels. Continue reading
Credit servicers, credit purchasers and the recovery of collateral: Fostering secondary markets for non-performing loans (NPLs) and easing collateral recovery [EU Legislation in Progress]
Due to the recessions brought about by the financial crisis from the end of the past decade, more and more EU companies and citizens have faced economic difficulties in recent years and have been unable to repay their loans. Continue reading
Fintech (financial technology) and the European Union: State of play and outlook
The financial technology (fintech) sector encompasses firms that use technology-based systems either to provide financial services and products directly, or to make the financial system more efficient. Continue reading
How the EU budget is spent: Guarantee Fund for External Actions
The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Continue reading
Outlook for the European Council and Euro Summit, 13-14 December 2018
On 13 and 14 December, EU Heads of State or Government will hold their last meeting of 2018. Their discussions will mainly focus on the 2021-2027 Multiannual Financial Framework (MFF), the single market and migration. Continue reading
A new neighbourhood, development and international cooperation instrument: Proposal for a new regulation [EU Legislation in Progress]
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. Continue reading
What if blockchain were to be truly decentralised? [Scientific and Technology Podcast]
Technological systems, once introduced in a particular socio-economic context, often evolve in unforeseen ways and may fall prey to unexpected power relations. Continue reading
Sovereign bond-backed securities: Risk diversification and reduction [EU Legislation in Progress]
As a part of the European regulatory responses to the financial and sovereign debt crises, the European Commission has proposed a regulation on sovereign bond-backed securities (SBBS), a new class of low-risk securities backed by a diversified pool of national government bonds. Continue reading
Interim digital services tax on revenues from certain digital services [EU Legislation in Progress]
There is a consensus that the digital economy is relatively undertaxed when compared with traditional businesses. Certain inherent characteristics such as reliance on cross-border provision of services without physical presence, easy transfers of intangible assets, and novel ways to create value make it particularly easy for enterprises to limit their tax liabilities. Continue reading
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