Views: 22Digital technologies and expanding financial markets have generated during last couple of years viable discussions around the world about new types of digital currencies, DC. The debates encompass complex issues of new types of assets, new financial service providers and various forms of regulation. Several interconnected issues have appeared to affect the DC’s development […]
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European political guidance in development: next five years
Views: 23After the present European Commission President Ursula von der Leyen was re-elected for a second term in the office this July, she revealed the next EU-wide political guidelines for 2024-2029 and defined a set of collective objectives for the years to come with clear targets and priority areas. Facing the greatest challenges, the guidelines […]
Abuse of dominant position: the European approaches to increase competition
Views: 36The European Commission has launched a public consultation among all interested parties to discuss the draft guidelines on exclusionary abuses of dominant position; the previous guidelines adopted about two decades ago seemed quite outdated. Commission is planning to finalize the redrafted guidelines on “exclusionary abuses” on the basis of acquired comments by the end […]
CMU and financial market’s perspectives: infringement procedures
Views: 27The European Commission is planning to hold an EU-wide discussion on capital markets union issues, which will take place against the background of the capital markets union’s objectives, as well as the urgent regional problems in competitiveness and preservation of financial stability. The discussions will bring together market participants across the entire spectrum: e.g. […]
AI perspectives: pros and cons
Views: 25In numerous circumstances and occasions the AI performance is much better than that of humans. At the same time, there are many “issues” where AI is lagging behind. Although presently the generative AIs are widely used in numerous human activities, a couple of American researchers noted that “generative AI had a long way to […]
Basel III and the EU banking sector: strengthening financial stability and resilience
Views: 22The EU-27 member states will apply the Basel III standards from January 2025; in mid-2024, the EU institutions completed implementation phase of these standards into the member states’ legislation. The new rules represent a vital step in strengthening stability and resilience of the EU-wide banking sector. Besides, the Basel standards are aimed at facilitating […]
Digital trade: assisting the EU-wide growth and digital transition
Views: 24Digital trade accounts for about a quarter of all international trade; it has been growing at a faster pace than traditional trade. The EU is the world’s leader in both exports and imports of digitally deliverable services, which amounted to €1.3 trillion in 2022, or over half of the EU’s total trade in services. […]
Consumer protection in Europe: combating sneaky practices
Views: 22Commission’s actions adopted recently are specifically focusing on the assessment of Meta’s practices under the EU consumer legislation. The action started in 2023, immediately after Meta requested consumers either to subscribe to use Facebook and Instagram against a fee or to consent to Meta’s use of their personal data to be shown personalized ads, […]
Anatomy of digital finance in the European Union
Views: 34The EU-wide specific financial framework, i.e. the capital markets union, has been at the heart of the Commission’s ambition in boosting growth, supporting innovation and promoting European global competitiveness. The EU financial sector has the potential to multiply sustainable finance and become a global leader in this area. The sector is having also a […]
Altered European political economy: challenges and solutions
Views: 39European Union is a constantly moving and adapting “mechanism” for the continental integration. Recently, the EU leaders have abandoned, in part or in whole, the previous political-economy’s theories and principles they cherished for so long; hence the EU-27, as it seems, has set aside the geopolitical corporate competition. However, the leaders are trying to […]