report of the Inter-institutional Monitoring Group (IIMG)28, the Commission Communication on the Review of the Lamfalussy process29, the report of the sub-group of the Financial Services Committee of the [...] end of 2008 in the implementation of the Lamfalussy roadmap in the conclusions of its meeting of 14 May 2008: "The Council STRESSES the need for full and timely implementation of the roadmap agreed in [...] several meetings of the AuRC (the Audit Regulatory Committee) and of the EGAOB (the European Group of Auditors' Oversight Bodies). This solution may solve the question of concentration of donors, but not
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particular the work of the ESFS can improve supervision and strengthen the stability of financial markets, which is essential for the credit supply of the real economy. The attractiveness of the EU as a [...] consisting of representatives of the newly established EU authorities and of the Commission is to support the ESFS. ► Tasks of the national financial supervisory authorities in ESFS – The national [...] meetings of the colleges of supervisors as observers. – As the supervision of individual financial institutions falls under the competence of Member States, it is clear to the Commission that the financial
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amend the tasks and decision-making rules of the Committees of the European Securities Regula- tors (CESR) and the European Banking Supervisors (CEBS), both established in 2001, and the Committee of the [...] supervision and strengthen the stability of the European financial market, which is indispensable for the credit supply of the real economy. As a consequence, the attractiveness of the EU as an investment location [...] Decisions 2009/77/EC to 2009/79/EC of 23 January 2009 establishing the Committees of European Securities Regulators (CESR), of the European Banking Supervisors (CEBS) and of the Euro- pean Insurance and Occupational
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Article 6 for the benefit of the Committee of European Securities Regulators, the Committee of European Banking Supervisors and the Committee of European Insurance and Pension Supervisors. 4. The Commission [...] (e.g. the forthcoming amendments to the Commission Decisions establishing the Committees of Supervisors3 or the introduction of Colleges of Supervisors under the proposal for the revision of the Capital [...] least the overall pertinence and coherence of the Programme, the effectiveness of its execution and the overall and individual effectiveness of the various actions in terms of achievements of the objectives
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Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data, OJ [...] 31. 28 Directive 2002/58/EC of the European Parliament and of the Council of 12 July 2002 concerning the processing of personal data and the protection of privacy in the electronic communications sector [...] as one of the main barriers to the future growth of e-commerce. The related key issues identified in the consultation include the diversity of payment methods across Member States, the cost of payments
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(“acquirer”) draws the amount from the bank of the cardholder (“issuer”), which then charges the account of the cardholder. The acquirer may draw the payment directly or through a “payment processor”. [...] fixed by the card scheme in the form of the “multilateral interchange fee” (MIF). - The inter-bank fee has a major impact on the merchant’s fee. - The acquirer and the issuer pay fees to the card scheme; [...] security – The lack of payment security is one of the key hurdles “preventing the widespread adoption of electronic commerce” (p. 18). This finding was the result of a public consultation on the future of
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EN After the first six months of the contract, and thereafter at the end of every year of the contract, a balance must be submitted by the contractor indicating the name and quantity of the cleaning [...] 1 The new European legal framework for public procurement, Directives 2004/17/EC of the European Parliament and of the Council of 31 March 2004 coordinating the procurement procedures of entities [...] operating in the water, energy, transport and postal services sectors and Directive 2004/18/EC 18 of the European Parliament and of the Council of 31 March 2004 on the coordination of procedures for the award
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"Millions of Europeans are wholly dependent on pensions. The crisis has shown the importance of the European approach to pension systems. It has demonstrated the interdependence of the various pension [...] 16 Presidency conclusions of the 23 March 2005 COUNCIL OF THE EUROPEAN UNION 7619/1/05, REV 1, stressed the need "to safeguard the sustainability of public finances in the long run, to promote growth [...] Addressing the risk of employer insolvency Given the important role of sponsoring undertakings in the provision of benefits and the funding of IORPs, their insolvency presents a particular risk. The Insolvency
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when it is assumed that people leave the labour market on average at age 60, the dependency ratio, i.e. the number of people of working age relative to the number of people above age 60, amounts to 5 to [...] SUBGROUP OF THE SOCIAL PROTECTION COMMITTEE (ISG). Graph published in the 2010 Interim Joint Report on pensions of the Economic Policy Committee and Social Protection Committee, noted by the 7-8 June [...] Demographic structure of the population in 2008 and 2060 2008 2060 Source: Commission services, graph published in the 2010 Interim Joint Report on pensions of the Economic Policy Committee
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“unfair distribution of risks”, the Commission proposes introducing minimum return guarantees and investment decisions tailored to the phase of life of the insured. - The sum of the pension payment can [...] part of the financial markets and their design can affect the free movement of workers and the free movement of capital, further that “specific areas” already fall within the competencies of the EU. (P [...] pension rights to the average salary of an entire working life, instead of basing it on the salary of selected working periods. MAIN ISSUES Objective of the Green Paper: The Commission outlines
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