The work we do within the ECRB also supports the ambitions set by the European Commission as part of its Digital Single Market strategy. Strengthening trust and security is a key element of that strategy, and the Commission has recently launched a public consultation on a potential legal initiative to improve the resilience of financial services against cyberattacks ( 8 ).
The provision of childcare services A comparative review of 30 European countries. This publication is supported under the European Community Programme for Employment and Social Solidarity - PROGRESS (2007-2013). This programme is managed by the Directorate-General for Employment, Social Affairs and Equal Opportunities of the European Commission. It was established to financially support the.
The European Banking Authority (EBA) published today a report identifying potential impediments to the cross-border provision of banking and payment services in the EU. Developed under the EBA’s FinTech Roadmap, this Report calls on the European Commission to facilitate cross-border access, including the update of interpretative communications on the cross-border provision of.
A payment initiation service is a service requested by the payer to initiate a credit transfer from their payment account held with another payment service provider (e.g. credit institution). Generally, the payment initiation service is offered as a payment option on the retailer’s website. It confirms to the retailer that the transfer has been made so that they can dispatch the goods, for.
European Union (TFEU) reflect its social and environmental dimensions. (5) In December 2016, the Commission mandated a High-Level Expert Group to develop an overarching and comprehensive Union strategy on sustainable finance. The report of the.
Although the pace at which co-legislators, and Member States in particular, have progressed on individual Commission initiatives has often been sluggish, the recent establishment of a high-level expert group might help overcome the remaining impediments and reinforce efforts to make European capital markets deeper and more liquid. ( 1).
Having regard to the proposal from the European Commission,. In December 2016, the Commission mandated a High-Level Expert Group to develop an overarching and comprehensive Union strategy on sustainable finance. The report of the High-Level Expert Group published on 31 January 20186 calls for the creation of a technically robust classification system at Union level to establish clarity on.
For each expert group, the Register provides valuable information including on the Commission department which is running the group, as well as on its members, its mission and tasks. The Register also includes relevant documents which are produced and discussed by the groups.
The ECB has a keen interest in ensuring that payment systems and other market infrastructures function smoothly and effectively, to maintain financial stability in the euro area. This makes TARGET2 a key building block of financial integration in the EU. It enables the free flow of money across borders and supports the implementation of the ECB’s single monetary policy.
Having regard to the proposal from the European Commission, After transmission of the draft legislative act to the national parliaments, Having regard to the opinion of the European Central Bank (1), Having regard to the opinion of the European Economic and Social Committee (2), Acting in accordance with the ordinary legislative procedure (3), Whereas: (1) Fragmentation of the internal market.
Policy option 7C: Management of the medical device regulatory system by the European Commission and creation of a Medical Device Expert Group supported by this institution. 37 4.10.4. Policy option 7D: Creation of a Medical Device Expert Group managed by the Member States. 37 5. Analysis of impact and comparison of the policy options. 37 5.1. Impact of policy options 1A-1D.
The European Commission has established a payment systems market expert group. In a decision published on Monday, the commission said the group would assist with the preparation of legislative acts and policy initiatives regarding payments systems, dealing with issues including fraud prevention.
European business and consumer confidence has rebounded for the second consecutive month in June, but it remains well below its pre-pandemic lows, according to the European Commission’s monthly.
The European Commission is working on a proposal for a new tax on multinationals operating on the single market to finance the recently proposed recovery fund, but the Commissioner for Internal.
The Mission of PSMEG is to assist the European Commission in the preparation of legislative acts and policy initiatives regarding payment systems, including fraud prevention issues.The European Commission needs specialist advice from outside experts as a basis for policymaking. This is the role of Commission expert groups. These are consultative bodies set up by the Commission to provide advice in relation to the preparation of legislative acts and policy initiatives.Jason Lane is group executive of Market Development for Europe at Mastercard. Contactless payment systems, like credit cards, have been one of the booming sectors during the coronavirus crisis.