PSD I and PSD II Presentation Global Money Transfer Summit 2013
|
|
- Steven Stephens
- 6 years ago
- Views:
Transcription
1 PSD I and PSD II Presentation Global Money Transfer Summit October 2013
2 Structure of the presentation PSD I: Impact PSD II: Overview of main proposed changes Assessment of proposed changes relative to recommendations in iff-le-paysys study Timetable 2
3 PSD I: Impact PSD I provided a comprehensive legal framework for the provision of payment services in the European Economic Area PSD I created a new type of payment service providers - payment institutions PSD I aimed to create Single Market in payment services through harmonisation of rules, passporting -> greater competition, greater choice and lower prices 3
4 PSD I: Impact Overall assessment: Positive impact in terms of shorter execution times and greater transparency Contributes to achieving Single Market in payment services and provides required legal framework to achieve this objective However, at the present time, this is still very much work in progress 4
5 PSD I: Impact Overall assessment (continued) No substantial impact of the PSD so far with regards to: market entry of new providers technical innovations cross-border/single Market provision efficiency 5
6 PSD I: Impact payments industry under PSD I As of late August/early September authorised payment institutions (APIs) 2,203 institutions were registered as small payment services providers (SPSPs) under Article 26 (waiver) of the PSD Money remittance is most frequent authorised service (40% of all authorisations) 6
7 PSD I: Impact payments industry under PSD I 250 Number of APIs - September AT BE BG CY CZ DE DK EE EL ES FI FR HU IE IT LT LU LV MT NL NO PL PT RO SE SI SK UK 7
8 PSD I: Impact payments industry under PSD I As of August 2012, only 32% of APIs had sought a passport to provide payment services into another EEA Member State 8
9 PSD I: Impact payments industry under PSD I 9
10 PSD I: Impact payments industry under PSD I The total value of transactions in the EEA undertaken in 2010 by APIs through money remittance, transfers and retail foreign exchange activities, plus foreign exchange brokers and card acquirers amounted to EUR billion or 4.7% of EEA GDP 10
11 PSD I: Impact payments industry under PSD I 78.8, 13.3% 30.7, 5.2% 458.6, 77.1% Money remittance, transfers and retail foreign exchange activities Foreign exchange broking Card acquiring Three-party card schemes Internet payment service provision + general service provision - turnover 11
12 PSD II: Overview of main proposed changes Scope (positive) One-leg transactions: transparency & information requirements apply to leg in EU Currency: transparency & information requirements apply to all currencies (and not only EU currencies) Annex list of activities: inclusion of TPPs to be licensed /registered as payment institution (even if do not dispose of payer s/payee s funds at any time) 12
13 PSD II: Overview of main proposed changes Article 9 safeguarding requirements Further streamlining and harmonisation reducing possibilities for MS to limit safeguarding requirements / methods Article 14 (new) unique electronic access point within EBA Interconnection / access of public registers listing authorised/registered PIs Article 27 small payments institutions Memorandum: Expansion of lighter regulatory regime to cover a higher number of small payment institutions... But, revised article lowers threshold from 3 to 1 million per month 13
14 PSD II: Overview of main proposed changes Scope (negative) Tightening of limited network definition (consistent with Directive 2009/EC) Telecom exemption clarified that applies exclusively to ancillary payment services (including purchases of digital content as ancillary services to electronic telecommunications services) limits: transaction < 50 and maximum 200 billing per month Deletion of exemption for independent ATM networks 14
15 PSD II: Overview of main proposed changes Article 29 access to payment systems Indirect access conditions to designated payment systems made identical to those for smaller credit institutions if access is provided indirectly, non discrimination Articles 65 and 66 liability of payment service provider and payer for unauthorised transactions Harmonisation and streamlining o Maximum amount of payment threshold for compensation for unauthorised payment transaction is reduced from 150 to 50 o Late payments does not necessarily trigger refund Article 65 refunds for unauthorised debits unconditional refund right subject to non-consumption Made consistent with SEPA Core Direct Debit Rule 15
16 PSD II: Overview of main proposed changes Articles 85, 86, 87 (new) application of security and authentication of forthcoming Directive on Network and Information Security to payment service providers Title IV Chapter 6 Out-of-court complaints and redress procedures for settlement of disputes Article 90: norm is 15 business days for payment service providers to respond to customer complaint Article 88: public authorities to designate/set up competent authority to handle complaints from payment services users and other interested parties (such as consumer associations) 16
17 PSD II: Overview of main proposed changes Articles 55(3) and (4) surcharging Prohibition for cards subject to new Regulation capping MIF of four party schemes and third party issuance of three-party schemes Authorisation for cards not subject to new MIF-capping regulation but surcharge has to correspond to real costs incurred (in line with Directive 2011/83) 17
18 Overview of changes Access to bank account Recital 27: For payment institution to be able to provide payment services, it is indispensable that they have access to payment accounts. Member States should ensure that such access is provided in a way proportionate to the legitimate aim it intends to serve Article 17.2: When payment institutions engage in the provision of one or more of the payment services, they may hold only payment accounts used exclusively for payment transactions. Member States shall ensure that access to those payment accounts is proportionate 18
19 Timetable EC aims for trilogue (European Parliament, European Council and European Commission) to be completed by Spring 2014 Very ambitious timetable in light of sensitivity of some of the issues, gestation period of PSD and crowded legislative agenda Moreover, not on the draft list of Priority items for adoption by the legislator accompanying the recently published draft work program of the EC 19
EUROPEAN COMMISSION Directorate General Internal Market and Services
EUROPEAN COMMISSION Directorate General Internal Market and Services FINANCIAL INSTITUTIONS 14.10.2013 PSMEG/002/13 INFORMATION PAPER PROPOSALS FOR A NEW PAYMENT SERVICES DIRECTIVE ('PSD2') AND A REGULATION
More informationEU Budget 2009: billion. implemented. 4. The European Union as a global player; ; 6.95% 5. Administration ; 6.
20.09.2010 EU Budget 2009: 112.107 billion 4. The European Union as a global player; 7 788 ; 6.95% 3. Citizenship, freedom, security and justice; 1 930 ; 1.72% 2. Preservation and management of natural
More informationEBA REPORT ON HIGH EARNERS
EBA REPORT ON HIGH EARNERS DATA AS OF END 2017 LONDON - 11/03/2019 1 Data on high earners List of figures 3 Executive summary 4 1. Data on high earners 6 1.1 Background 6 1.2 Data collected on high earners
More informationREPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
EUROPEAN COMMISSION Brussels, 17.9.2018 COM(2018) 629 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL 11th FINANCIAL REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND
More informationPart C. Impact on sample design
Part C. Impact on sample design Ing. Marie Hörmannová, CSc. Business Cycle Surveys Department Introduction In December 2006, the European Council adopted the regulation establishing the revised EU statistical
More informationEBA REPORT BENCHMARKING OF REMUNERATION PRACTICES AT THE EUROPEAN UNION LEVEL AND DATA ON HIGH EARNERS (DATA AS OF END 2016)
EBA REPORT BENCHMARKING OF REMUNERATION PRACTICES AT THE EUROPEAN UNION LEVEL AND DATA ON HIGH EARNERS (DATA AS OF END 2016) 1 Benchmarking of remuneration practices at the European Union level and data
More informationOn 19/06/2012 the Court delivered its ruling in Case C-307/10 IP Translator, giving the following answers to the referred questions:
Common Communication on the Implementation of IP Translator v1.2, 20 February 2014 1 On 19/06/2012 the Court delivered its ruling in Case C-307/10 IP Translator, giving the following answers to the referred
More informationBenchmarking options for the effective achievement of the renewable energy target of the EU energy strategy by 2030
Benchmarking options for the effective achievement of the renewable energy target of the EU energy strategy by 2030 IAEE 2017 Authors: Lukas Liebmann, Christoph Zehetner, Gustav Resch Energy Economics
More informationAN INITIATIVE TO SUPPORT WORK-LIFE BALANCE FOR WORKING PARENTS AND CARERS
AN INITIATIVE TO SUPPORT WORK-LIFE BALANCE FOR WORKING PARENTS AND CARERS Work-life balance: the Lombardy Region reflects on Europe, Milano 5 December 2017 Fabian LUETZ, Legal Officer DG JUST, D.2 (Gender
More informationFOCUS AREA 6C: Access to and quality of ICT
Rural Development Programmes 2014-2020: Key facts & figures FOCUS AREA 6C: Access to and quality of ICT 1. Introduction Focus Area (FA) 6C is designed to enhance the accessibility, use and quality of information
More informationCOMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
27.4.2012 Official Journal of the European Union L 115/27 COMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
More informationCohesion Policy support for Sustainable Energy
Cohesion Policy support for Sustainable Energy INFORSE-Europe and EREF European Sustainable Energy Seminar 28 April, 2009 Beth Masterson Policy Analyst DG Regio Thematic Coordination and Innovation Proceedings
More informationCompleting EMU: Arguments and proposals for the next term of office of the European Parliament and the European Commission
Completing EMU: Arguments and proposals for the next term of office of the European Parliament and the European Commission Public Hearing, European Economic and Social Committee, 5 December 2013 Taneli
More informationANNUAL ECONOMIC SURVEY OF EMPLOYEE OWNERSHIP IN EUROPEAN COUNTRIES IN 2008
www.efesonline.org 25.2.29 ANNUAL ECONOMIC SURVEY OF EMPLOYEE OWNERSHIP IN EUROPEAN COUNTRIES IN 28 INTRODUCTION TO COUNTRY FILES Employee ownership is progressing faster and stronger across Europe than
More informationAccess to basic accounts and payment services in the EU
[ECB-Unrestricted] Monika Hempel Market Infrastructure Expert European Central Bank* Access to basic accounts and payment services in the EU *Disclaimer The views expressed in this presentation are those
More informationFOCUS AREA 5B: Energy efficiency
Rural Development Programmes 204-2020: Key facts & figures FOCUS AREA 5B: Energy efficiency. Introduction Focus Area (FA) 5B is designed to increase efficiency in energy use in agriculture and food processing.
More informationANNUAL ECONOMIC SURVEY OF EMPLOYEE OWNERSHIP IN EUROPEAN COUNTRIES IN 2008
www.efesonline.org 25.2.29 ANNUAL ECONOMIC SURVEY OF EMPLOYEE OWNERSHIP IN EUROPEAN COUNTRIES IN 28 INTRODUCTION TO COUNTRY FILES Employee ownership is progressing faster and stronger across Europe than
More information1: yes directly; 2: yes, in collaborat.; 3: yes, with judicial aut AT BE CY CZ DK EE FI FR DE EL HU IS IE IT LV LT LU MT NL NO PL PT SK SI SE ES UK
Market Abuse Directive -2003/6/EC Ref: 07-382 Supervisory Powers draft combined table of questions June 07 1: yes directly; 2: yes, in collaborat.; 3: yes, with judicial aut AT BE CY CZ DK EE FI FR DE
More informationEconomic, employment and social policies in the new EU 2020 strategy
EUROPEAN COMMISSION DG Employment, Social Affairs and Equal Opportunities Social protection and inclusion policies Walter WOLF Economic, employment and social policies in the new EU 2020 strategy Skopje,
More informationAlbane DEMBLANS Secretariat-General of the European Commission
Albane DEMBLANS Secretariat-General of the European Commission European Economic and Social Committee 1 June 2016 Economic and social context European Semester 2016 Economic and social context A moderate
More informationGROWTH AND JOBS: NEXT STEPS
GROWTH AND JOBS: NEXT STEPS Presentation of J.M. Barroso, President of the European Commission, to the informal European Council of 30 January 2012 Tackling the «vicious circles» affecting Europe Europe
More informationCSDR: Getting to grips with the new rules
CSDR: Getting to grips with the new rules 21th ECS conference 25 June 2014, London Soraya Belghazi, Secretary General Agenda 1 2 3 What we know: Rules for CSDs Rules for market participants Impact on issuers
More informationFOCUS AREA 6B: Fostering local development
Rural Development Programmes 014-00: Key facts & figures FOCUS AREA 6B: Fostering local development 1. Introduction Focus Area (FA) 6B is designed to foster local development in rural areas. Two measures
More informationTaxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000
DG TAXUD STAT/09/92 22 June 2009 Taxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000 The overall tax-to-gdp
More informationEU Policy Priorities for Retail Payments
EU Policy Priorities for Retail Payments Conference on 'A new era in payments?' Lisbon, 14 May 2018 Ralf Jacob European Commission FISMA D.3 Retail Financial Services and Payments EU regulations on payments
More informationREPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
EUROPEAN COMMISSION Brussels, 27.9.2017 COM(2017) 554 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL 10th FINANCIAL REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND
More informationEvaluation of the Part-Time and Fixed-Term Work Directives. Conference on EU Labour Law, 21 October 2013, Brussels
Evaluation of the Part-Time and Fixed-Term Work Directives Conference on EU Labour Law, 21 October 2013, Brussels Agenda Aims of the Directives Level of change introduced by the Directives Measures to
More informationRevision of the Payment Services Directive (PSD2) Krzysztof Zurek and Silvia Kersemakers DG FISMA, European Commission PSMEG meeting 3 December 2015
Revision of the Payment Services Directive (PSD2) Krzysztof Zurek and Silvia Kersemakers DG FISMA, European Commission PSMEG meeting 3 December 2015 PSD2 adopted on 16 November: What will change? Better
More informationEUROPE 2020 Towards the 2013 Annual Growth Survey
EUROPE 2020 Towards the 2013 Annual Growth Survey Marcel Haag Head of Unit Secretariat General, European Commission 1 Restoring growth: a pressing priority EU GDP level in recent years (first quarter 2005
More informationBrussels, XXX COM(2013) 547 /3 2013/0264 (COD) Proposal for a
EUROPEAN COMMISSION Brussels, XXX COM(2013) 547 /3 2013/0264 (COD) Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on payment services in the internal market and amending Directives
More informationTHE 2016 EU JUSTICE SCOREBOARD
THE 2016 EU JUSTICE SCOREBOARD Quantitative data April 2016 This document contains a selection of graphs with quantitative data from the 2016 EU Justice Scoreboard. (The figure numbers correspond to those
More informationTrust, Statistics & Knowledge Evidence from the EC Special Eurobarometer survey 2009
Charting Progress, Building Visions, Improving Life Busan, Korea - 27 October 2009 Trust, Statistics & Knowledge Evidence from the EC Special Eurobarometer survey 2009 Marco Mira d Ercole (OECD), A. Papacostas(Eurobarometer)
More informationA new approach to education PPPs in the Eurostat/OECD exercise
A new approach to education PPPs in the Eurostat/OECD exercise OECD Meeting on PPPs for Non-European Countries, 27 29 April 2009 Eurostat losure Authorized Public Disclosure Authorized Public Disclosure
More informationAUTOMATIC STABILIZERS VS. DISCRETIONARY MEASURES: EVIDENCE FROM CROATIA ANA GRDOVIĆ GNIP
AUTOMATIC STABILIZERS VS. DISCRETIONARY MEASURES: EVIDENCE FROM CROATIA ANA GRDOVIĆ GNIP Content Short introductory theoretical background e case of Croatia o Empirical framework Data and limitations Output
More informationState of play of CAP measure Setting up of Young Farmers in the European Union
State of play of CAP measure Setting up of Young Farmers in the European Union Michael Gregory EN RD Contact Point Seminar CEJA 20 th September 2010 Measure 112 rationale: Measure 112 - Setting up of young
More informationFrom Crisis to Recovery: The Challenges ahead for the European Economy
From Crisis to Recovery: The Challenges ahead for the European Economy Moreno Bertoldi Head of Unit Countries of the G-20, IMF, G-groups European Commission COMEXI 24 June 2014 PART I: Current Economic
More informationReview of the EU Emissions Trading System. Jos Delbeke DG Environment European Commission
Review of the EU Emissions Trading System Jos Delbeke DG Environment European Commission Objectives of EU ETS review Cost-effective contribution to -20% GHG target for 2020, or to stricter target under
More informationReform strategies: the experience of emerging European economies and their effects on sustainability and equity
Cross-country experiences Session 3 Reform strategies: the experience of emerging European economies and their effects on sustainability and equity Per Eckefeldt European Commission Directorate General
More informationCarving out legacy assets: A successful tool for bank restructuring?
1 Carving out legacy assets: A successful tool for bank restructuring? Lisbon University of Law 8 May 2017 Willem Pieter de Groen Centre for European Policy Studies (CEPS) Non-performing loans (NPLs) potential
More informationThe Payment Services Directive. Mortgage Fraud - what are the lessons?
The Payment Services Directive Mortgage Fraud - what are the lessons? Jean Price Head of Retail Banking and Consumer Finance 3 rd September 2008 The Payment Services Directive Overview and objectives Key
More informationPublic data underlying the figures of Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2015
Public data underlying the figures of Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2015 Consumer Protection and Empowerment Volume January 2017 Legal notice
More informationOPINION OF THE EUROPEAN CENTRAL BANK
EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 5 February 2014 on a proposal for a directive of the European Parliament and of the Council on payment services in the internal market and amending
More informationDiscussion paper on General Anti-Abuse Rules (GAAR)
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coordination, Economic Analysis and Evaluation Company Taxation Initiatives Brussels, October 2014 Taxud/D1/ DOC:
More informationImproving the quality of public finance an analytical framework 2018 Ludwig Erhard Lecture
Improving the quality of public finance an analytical framework 2018 Ludwig Erhard Lecture Marco Buti Director-General Economic and Financial Affairs, European Commission Lisbon Council The 2018 Euro Summit:
More informationMM, EFES EN. Marc Mathieu
MM, EFES EN Marc Mathieu La Tribune Hewitt % 100 90 80 EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph first year plans UK IE FR NL, FI DA SV, BE, CH EUROPE NO 70 DE, IT 60 50 AT 11 NEW ES 40 30 GR,
More informationDRAFT AMENDING BUDGET No 6 TO THE GENERAL BUDGET 2018
EUROPEAN COMMISSION Brussels, 12.10.2018 COM(2018) 704 final DRAFT AMENDING BUDGET No 6 TO THE GENERAL BUDGET 2018 Reduction of payment and commitment appropriations in line with updated forecasts of expenditure
More informationEuropean Innovation Policy. an Economic perspective
European Policy an Economic perspective Pierre VIGIER Economic Analysis Directorate DG Research & Europe is facing major challenges Knowledge and innovation are crucial Today: Major economic and financial
More informationDirect Payments: Financial mechanisms in the new system
Direct Payments: Financial mechanisms in the new system The fiche presents the main financial provisions in the new direct payments' system introduced with the 203 CAP reform and their implementation by
More informationInvestment and Investment Finance open questions?
Investment and Investment Finance open questions? COMPNET 13 th ANNUAL CONFERENCE CHIEF ECONOMISTS PANEL 29 June 2017 Debora Revoltella Economics Department European Investment Bank Key issues Questions
More informationOctober 2010 Euro area unemployment rate at 10.1% EU27 at 9.6%
STAT//180 30 November 20 October 20 Euro area unemployment rate at.1% EU27 at 9.6% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was.1% in October 20, compared with.0% in September 4.
More informationEuropean Commission. Economic Tendency Surveys in the EU
European Commission Directorate General Economic and Financial Affairs Economic Tendency Surveys in the EU Andreas Reuter Business and consumer surveys and short-term forecast (DG ECFIN A4.2) International
More informationREPORT FROM THE COMMISSION
EUROPEAN COMMISSION Brussels, 28.6.2013 C(2013) 4035 final REPORT FROM THE COMMISSION Report on the Application in the Member States of Directive 96/82/EC on the control of major-accident hazards involving
More informationThe Mystery of Low Productivity Growth: Some Insights from Belgium
The Mystery of Low Productivity Growth: Some Insights from Belgium Bank of Poland - 26 October 218 Luc Dresse (luc.dresse@nbb.be) Chief Advisor Economics and Research Dept. LU BE US NL DK DE FR SE EU15
More informationJanuary 2010 Euro area unemployment rate at 9.9% EU27 at 9.5%
STAT//29 1 March 20 January 20 Euro area unemployment rate at 9.9% EU27 at 9.5% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was 9.9% in January 20, the same as in December 2009 4.
More informationL 303/40 Official Journal of the European Union
L 303/40 Official Journal of the European Union 14.11.2013 COMMISSION IMPLEMENTING DECISION of 12 November 2013 as regards a Union financial aid towards a coordinated control plan for antimicrobial resistance
More informationGrowth, competitiveness and jobs: priorities for the European Semester 2013 Presentation of J.M. Barroso,
Growth, competitiveness and jobs: priorities for the European Semester 213 Presentation of J.M. Barroso, President of the European Commission, to the European Council of 14-1 March 213 Economic recovery
More informationFOCUS AREA 2A: Improving economic performance of all farms, farm restructuring and modernisation
Rural Development Programmes 2014-2020: Key facts & figures FOCUS AREA 2A: Improving economic performance of all farms, farm restructuring and modernisation 1. Introduction Focus Area (FA) 2A is designed
More informationEuropean Semester and monitoring policy for investment in health and well-being
European Semester and monitoring policy for investment in health and well-being Presentation by dr Stefan ISZKOWSKI, Policy Officer for Employment and Social Aspects of European Semester, DG EMPL at EuroHealthNet
More informationDecember 2010 Euro area annual inflation up to 2.2% EU up to 2.6%
STAT/11/9 14 January 2011 December 2010 Euro area annual inflation up to 2.2% EU up to 2.6% Euro area 1 annual inflation was 2.2% in December 2010 2, up from 1.9% in November. A year earlier the rate was
More informationChallenges facing card payments in the new regulatory landscape. Jan-Olof Brunila / Swedbank Group Cards for Riga payment conference in November 2014
Challenges facing card payments in the new regulatory landscape Jan-Olof Brunila / Swedbank Group Cards for Riga payment conference in November 2014 Swedbank Group Cards issuing 2014 Issued number of cards
More informationThe challenges of an ageing population. Budgetary and labour force projections for Belgium and the EU Member States
The challenges of an ageing population Budgetary and labour force projections for Belgium and the EU Member States Alexander Schwan, European Commission WSE Arbeidsmarktcongres 2013 07.02.2013 Provinciehuis
More informationHOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS
REPUBLIC OF SLOVENIA HOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS Matej Divjak, Irena Svetin, Darjan Petek, Miran Žavbi, Nuška Brnot ??? What is recession?? Why in Europe???? Why in Slovenia?
More informationImputed Rents in EU-SILC. Results from Net-SILC2 work package on imputed rents
Imputed Rents in EU-SILC Results from Net-SILC2 work package on imputed rents Meeting of providers of OECD income distribution data Paris 21-22 February 2013 Veli-Matti Törmälehto, Statistics Finland 22/02/2013
More informationQUALITY REPORT: ANNUAL FINANCIAL ACCOUNTS
QUALITY REPORT: ANNUAL FINANCIAL ACCOUNTS PROGRESS REPORT AND INVENTORY 19 th November 2013 Eurostat C-1 Page 1 TABLE OF CONTENTS 1. ABOUT THIS REPORT... 3 2. DATA TRANSMISSIONS DURING 2013... 3 3. COMPLETENESS
More informationASSISTANCE SYSTEM IN ROMANIA
THE REFORM OF SOCIAL ASSISTANCE SYSTEM IN ROMANIA PhD LĂCRĂMIOARA CORCHEȘ -General Director General Directorate for Social Assistance/ Ministry of Labor, Family, Social Protection and Elderly of Romania
More informationBusiness churn, sectoral performance, and economic policy
Business churn, sectoral performance, and economic policy CompNet 13/14 March 2014 Banca d'italia Erik Canton Plan Business dynamics Allocative efficiency Relationship between business dynamics and allocative
More informationEquality between women and men in the European Union. Fátima Ribeiro Gender Equality Unit, DG Justice and Consumers
Equality between women and men in the European Union Fátima Ribeiro Gender Equality Unit, DG Justice and Consumers EU Commitments on Gender Equality EU Treaty EU legislation Commission's Strategy for equality
More informationPayment Services Directive: frequently asked questions
European Commission - Fact Sheet Payment Services Directive: frequently asked questions Brussels, 12 January 2018 GENERAL QUESTIONS 1. What is the Payment Services Directive? The first Payment Services
More informationMacroeconomic policies in an open economy
Macroeconomic policies in an open economy We have seen that monetary and fiscal policies affect the interest rate (i) in the short run: expansionary MP reduce i and viceversa, while expansionary fiscal
More informationSocial trends and dynamics of poverty and social exclusion. ESDE conference Brussels 06/02/2013
Social trends and dynamics of poverty and social exclusion ESDE conference Brussels 06/02/2013 1-in-4 people in the EU at risk of poverty or exclusion 27% of working age population at risk of poverty for
More information19. DGRA Jahreskongress , Bonn View of a national competent authority
19. DGRA Jahreskongress 23.-24.05.2017, Bonn View of a national competent authority Prof. Dr. Karl Broich Broich Brexit-View of NCA DGRA Annual Meeting, May 22, 2017 Page 1 Agenda WhatmeansBrexittous?
More informationPoland Social Sector and Public Wages Public Expenditure Review From Maastricht to Vision 2030 Overview
Poland Social Sector and Public Wages Public Expenditure Review From Maastricht to Vision 2030 Overview Warsaw, Poland May 17, 2010 From Maastricht to Vision 2030 Poland spends fairly well Recent reforms
More informationAndor Urmos European Commission Directorate General for Regional and Urban Policy
Andor Urmos European Commission Directorate General for Regional and Urban EU 2014-2020: 1/3 of the EU budget 2 2014-2022 (eligibility simulation) GDP/capita* < 75% of EU average 75-90% > 90% *index EU27=100
More informationAxis 4 (Leader) Implementing Local Development Strategies
Axis 4 (Leader) Implementing Local Development Strategies Basic Information: Axis 4 Leader: Implementing local development strategies with a view to achieving the objectives of one or more of the axes
More informationDATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions
DIRECTORATE GENERAL STATISTICS LAST UPDATE: 10 APRIL 2013 DIVISION MONETARY & FINANCIAL STATISTICS ECB-UNRESTRICTED DATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions The series keys related to Investment
More informationRole of governments and social partners in keeping older workers in the labour market (2013)
Role of governments and social partners in keeping older workers in the labour market (2013) Oscar Vargas Llave Working Conditions and Industrial Relations Eurofound National Forum Trade Unions Malta,
More informationInsurance Distribution Directive: Intermediaries Market Evaluation
5.2 Insurance Distribution Directive: Intermediaries Market Evaluation EIOPA Insurance and Reinsurance Stakeholder Group meeting Frankfurt, 6 June 2018 Introduction Why is the topic on the agenda? o o
More informationEU Budget for the future New legislative package for cohesion policy #CohesionPolicy #EUinmyRegion
EU Budget for the future New legislative package for cohesion policy 2021-2027 #CohesionPolicy #EUinmyRegion ALIGNED TO POLITICAL PRIORITIES Simplification, transparency and flexibility Source: European
More informationThe EFTA Statistical Office: EEA - the figures and their use
The EFTA Statistical Office: EEA - the figures and their use EEA Seminar Brussels, 13 September 2012 1 Statistics Comparable, impartial and reliable statistical data are a prerequisite for a democratic
More informationBulgarian Banking Association
Peter Praet Member of the Executive Board of the ECB Presentation to the Bulgarian Banking Association Sofia, 24 May 2017 Euro area real GDP, composite PMI and ESI (annual % change) Distribution of growth
More informationFiscal sustainability challenges in Romania
Preliminary Draft For discussion only Fiscal sustainability challenges in Romania Bucharest, May 10, 2011 Ionut Dumitru Anca Paliu Agenda 1. Main fiscal sustainability challenges 2. Tax collection issues
More informationRETIREMENT Differences in State of Affairs and legacies across the EU28
RETIREMENT Differences in State of Affairs and legacies across the EU28 EC/OECD Workshop on delivering longer working lives and higher retirement ages Brussels, 12-13 November 2014 Fritz von Nordheim European
More informationHow EU Cohesion Policy is helping to tackle the challenges of CLIMATE CHANGE and ENERGY SECURITY
September 2014 How EU Cohesion Policy is helping to tackle the challenges of CLIMATE CHANGE and ENERGY SECURITY A paper by the European Commission s Directorate-General for Regional and Urban Policy Regional
More informationeidas Regulation (EU) 910/2014 Boosting trust & security in the Digital Single Market
eidas Regulation (EU) 910/2014 Boosting trust & security in the Digital Single Market eidas and Centralised Electronic Signatures - transforming digitalisation 22 November, 2016 - London Elena ALAMPI DG
More informationSituation of ELVs and unknown whereabouts in the EU
Situation of ELVs and unknown whereabouts in the EU Stakeholder workshop: Assessment of the implementation of the ELV Directive (2000/53/EU) with emphasis on the ELVs of unknown whereabouts Dr.-Ing. Georg
More informationTHE 2015 EU JUSTICE SCOREBOARD
THE 215 EU JUSTICE SCOREBOARD Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions
More informationINTERGENERATIONAL FAIRNESS ESDE 2017 CONFERENCE 10 OCTOBER 2017 #ESDE2017. Barbara Kauffmann Director of Employment and Social Governance Directorate
ESDE 2017 CONFERENCE 10 OCTOBER 2017 #ESDE2017 INTERGENERATIONAL FAIRNESS Barbara Kauffmann Director of Employment and Social Governance Directorate European Commission DG Employment, Social Affairs and
More informationGuidelines compliance table
compliance table EBA/GL/2018/05 18 July 2018; Date of application 1 January 2019 on fraud reporting under the Payment Services Directive 2 (PSD2) The following competent authorities* or intend to with
More informationA European Energy Dialogue. Exploring the needs and methods of public involvement and engagement in the energy policy field
A European Energy Dialogue Exploring the needs and methods of public involvement and engagement in the energy policy field Why we need a European Energy Dialogue (1) Performance of EU energy utilities
More informationMay 2009 Euro area annual inflation down to 0.0% EU down to 0.7%
STAT/09/88 16 June 2009 May 2009 Euro area annual inflation down to 0.0% EU down to 0.7% Euro area 1 annual inflation was 0.0% in May 2009 2, down from 0.6% in April. A year earlier the rate was 3.7%.
More informationEBA REPORT ON ASSET ENCUMBRANCE JULY 2017
EBA REPORT ON ASSET ENCUMBRANCE JULY 2017 1 Contents List of figures 3 Executive summary 4 Analysis of the asset encumbrance of European banks 6 Sample 6 Scope of the report 6 Total encumbrance 7 Encumbrance
More informationWorking Group Public Health Statistics
Directorate F: Social Statistics and Information Society Unit F-5: Health and food safety statistics Doc. ESTAT/F5/11/HEA/04 Working Group Public Health Statistics Luxembourg, 28-29 June 2011 Item 5 of
More informationSupplement March Trends in poverty and social exclusion between 2012 and March 2014 I 1
Supplement March 2014 Trends in poverty and social exclusion between 2012 and 2013 March 2014 I 1 This supplement to the Quarterly Review provides in-depth analysis of recent labour market and social developments.
More informationMapping of national approaches in relation to creditworthiness assessment under Directive 2008/48/EC on credit agreements for consumers
Mapping of national approaches in relation to creditworthiness assessment under Directive 2008/48/EC on credit agreements for consumers 1. Introduction Directive 2008/48/EC of the European Parliament and
More informationIMPACT OF DEMOGRAPHIC CHANGE ON PUBLIC EXPENDITURE AND REVENUE IN EUROPE
IMPACT OF DEMOGRAPHIC CHANGE ON PUBLIC EXPENDITURE AND REVENUE IN EUROPE 11 th Global Meeting of the NTA Network Saly, June 22 nd, 2016 Agnieszka Chłoń- Domińczak, Wojciech Łątkowski Paweł Strzelecki SGH
More informationPublic Presentation, Brussels, 13 July 2006
Review of the EU regulatory framework for electronic communications networks and services Revision of the Recommendation on n relevant markets Public Presentation, Brussels, 13 July 2006 Agenda 10.00 Opening
More informationCommon (Consolidated) Corporate Tax Base A Personal View
Common (Consolidated) Corporate Tax Base A Personal View Christoph Spengel, University of Mannheim / ZEW IFA Austria,, Vienna Agenda 1. C(C)CTB: Institutional Background and Re-Launch 2016 2. Quantitative
More informationAlpha Bank Romania. Introducing Cover Bonds in Romania
Alpha Bank Romania Introducing Cover Bonds in Romania May 218 RO residential market: building on a growth momentum Population is living in overcrowded dwellings. Home ownership is considered a prerequisite
More informationEUROPE S SOURCES OF GROWTH
EUROPE S SOURCES OF GROWTH Presentation of J.M. Barroso, President of the European Commission, to the European Council of 23 October 2011 A roadmap to stability and growth 1. Give a decisive response to
More information"Overcoming Europe s Policy Trilemmas: Economics, Politics and Governance in a Union Under Stress"
"Overcoming Europe s Policy Trilemmas: Economics, Politics and Governance in a Union Under Stress" Marco Buti DG Economic and Financial Affairs European Commission Brown University, 31 October 2016 Outline
More information