Publication Archive

 

 

This archive contains all documents published by cep over the last few years:

cepAdhoc: Incisive comment on current EU policy issues

cepPolicyBrief: Concise reviews of EU proposals (Regulations, Directives, Green Papers, White Papers, Communications) – including an executive summary

cepInput: Impulse to current challenges of EU policies

cepStudy: Comprehensive examination of EU policy proposals affecting the economy

 

 

2024

The European Commission wants to remove barriers so that third parties can more easily develop new products and services using customer data from financial institutions. The basis for this is a legal act for an open finance framework. The Regulation regulates the access, transfer and use of financial customer data. The Centre for European Policy (cep) has serious concerns. The Regulation is neither proportionate nor practicable.

2024

Derivatives contracts in the EU are increasingly being cleared via central counterparties (CCPs). A large proportion of this clearing, particularly for euro-denominated derivatives contracts ("euro clearing"), is carried out by clearing houses in the UK - outside the EU since Brexit. A study by the Centre for European Policy (cep), supported by Deutsche Börse, considers efforts to relocate euro clearing to the EU to be necessary.

2023

Whether China or the USA: digital currencies are on the rise worldwide. While the European Central Bank (ECB) has been pushing ahead with the introduction of a digital euro for years and the Commission followed suit this summer with a legal framework, the Centres for European Policy Network (cep) rejects the introduction of a European digital currency.

2023

Bank failures, imbalances, financial crises: With improvements to the so-called Deposit Guarantee Directive, the EU Commission wants to better protect savers and strengthen confidence in the financial system. The Centre for European Policy (cep) attests that the planned reform has both good and negative approaches.

2023

The European Commission wants to give small and medium-sized enterprises (SMEs) better access to the capital markets, in part by reducing bureaucracy. The Centre for European Policy (cep) has assessed the proposal on the so-called Listing Act as largely positive.

 

 

 

2023

Google, Apple, Meta: The US, Asia and the EU are seeing an increase in so-called multiple-vote shares. These are supposed to make it more appealing for small family businesses, start-ups and founders to go public, and to protect them from the dangers of hostile takeovers. The EU wants to permit multiple-vote shares on a uniform basis, subject to certain conditions. The Centrum für Europäische Politik (cep) sees more advantages than disadvantages in this plan.

2023

Cost-effective and within seconds: The Commission plans to make real-time transfers, so-called instant payments, available for EU consumers by default. The Centrum für Europäische Politik (cep) welcomes the approach to minimise fraud risks but rejects the draft law in general as too massive and unrealistic.

2023

The Commission of the European Union assesses commission bans for financial products and intends to submit a proposal on 3 May. Supporters of the ban hope for higher transparency, better quality and lower costs. The Centrum für Europäische Politik (cep) considers inducement bans, e.g. those already in force in the Netherlands and Great Britain, as a break of the established business models and pleads for other solutions.

2022

Central banks around the world are increasingly focusing on the introduction of digital currencies, so-called Central Bank Digital Currencies (CBDC), as innovative means of payment. These are intended to serve both retail payments and trade between financial market players. The Centre de Politique Européenne | Paris (cep) has investigated this development. According to the study, Europe is not ready yet for the digital euro.

2022

The EU Commission wants to strengthen the internal market for investment funds with a package of measures. To this end, it plans to introduce regulations for loan-originating funds and to provide fund managers with uniform instruments for liquidity management. The Center for European Policy (cep) particularly welcomes the uniform requirements for loan-originating funds. However, it sees also enough room for improvement.

2022

Crowdfunding platforms, 0%-financing, buy-now-pay-later offers: The variety of quickly available online credit has increased drastically. While these offers stimulate competition, they lead to new risks for consumers. To strengthen their rights and better protect them from private over-indebtedness, the Commission is working on a new Directive. The Centre for European Policy (cep) generally regards the reform as necessary, but views some of the proposals as too rigid and not yet fully developed.

2022

Shortly before the deadline on 21 January, the German government commented on the European Commission's plan to declare nuclear power and natural gas sustainable. The think tank Centrum für Europäische Politik (cep) sees a lever to legally stop the taxonomy.

2021

Sustainable investment with a clear conscience: With green bonds totalling 250 billion euros, the Commission wants to refinance about one third of the Corona recovery fund over the next five years. For these bond issuances, it is using a globally recognised market standard. However, it is not really convinced of the market standard.

2021

As part of its Green Deal, the EU wants to oblige the financial sector to make its contribution to reducing greenhouse gas emissions. Therefore, the Commission presented an action plan this summer. The goal: the financial sector should become more sustainable.