Task Forces

  • Among the many responses to the financial crisis, the most novel has been the insistence on creating resolution frameworks for the financial sector. Banks must now have detailed resolution plans readily available, and authorities are invested with the fullest powers to apply early intervention policies in the event that minimum capital requirements are not met, with the possibility to wipe out shareholders and bail-in debtors. For banking union (BU), this took the form of a new EU authority with the Single Resolution Mechanism (SRM).

  • Completed task forces

    Not at any time in the history of the European Community have labour markets diverged to the extent they do today. Labour shortages are reported in Germany – the EU's largest labour market – and Austria, where firms struggle to live up to their full potential. At the same time, unemployment is an enormous social problem in some southern European countries – with millions of unemployed individuals at all levels of skills and qualifications.

  • The ECRI Task Force (TF) aims to help pave the way in setting the 2014-19 European Commission’s agenda for retail financial services, in particular consumer credit. The objective is for TF to represent all stakeholders, including policy-makers, experts, industry and consumer representatives.

  • Completed task forces

    The last five years have witnessed a huge redesign in the regulation of financial markets in Europe, culminating in the transfer of supervision of the largest banks in the eurozone to the European Central Bank (ECB). The regulatory agenda was largely set at the international level in the context of the G-20, while the supervisory change was a specifically European response to shortcomings at the national level. This raises the question: What next?

  • The European Capital Markets Institute (ECMI) and the Centre for European Policy Studies (CEPS) are inviting market participants, policy-makers and academics to engage in debate on the future of Europe’s capital markets by joining a Task Force that will work with the European Capital Markets Expert Group (ECMEG).

    ECMEG will not conduct a conventional review of current legislative dossiers, but rather, will look at the evolution of financial markets in Europe and around the world to suggest how Europe can improve its competitive position.

  • For many years the EU has been making gradual process towards the completion of an internal market for electricity and gas and the European Council had set a date to complete it by 2014.  More recently, the EU’s climate and energy objectives for example in the context of the 2030 Climate and Energy Framework has raised issues on whether the current ‘market design’ of EU’s electricity markets is adequate to ensure low-carbon development in a cost-effective way or whether it should be adjusted.  

  • Climate change has become a very important domain for EU policy. This refers not only to showing EU leadership in combating climate change, but also at a more general level, as a centrepiece of the “Europe 2020” economic growth strategy. This strategy has identified “sustainable growth” to promote a more resource-efficient, greener and more competitive economy, as one of its five pillars. Climate change was also identified as an issue that has strengthened the EU’s standing in the world, in the context of the broad EU image and priorities.

  • The overall level of education and more precisely the skills, abilities and creativity of European citizens constitute a key determinant for European competiveness. On this point the official EU institutions and economists agree. This is one of the reasons why the Europe 2020 strategy has put the tertiary graduation rate as one of its five headline targets.

  • In current EU policy, the Electricity Directive (2009/72/EC) and the Energy End-Use Efficiency and Energy Services Directive (2006/32/EC) consider the deployment of intelligent metering as a key step towards energy efficiency. The European Council of February 2011 recognised the important role of smart grids and invited member states, in liaison with European standardisation bodies and industry, “to accelerate work with a view to adopting technical standards for electric vehicle charging systems by mid-2011 and for smart grids and meters by the end of 2012”.

  • Data Protection policies have made a very interesting trajectory in the last years, from being a niche regulatory subject to a mainstream concern for individual and business. Policymakers and stakeholders have now a strong interest in policies and regulation of personal data protection, especially in the context of the EU Data Protection Reform.

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