Views: 50The 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. […]
Category: Good for business
AI perspectives: pros and cons
Views: 46In 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: 47The 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: 54Digital 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: 45Commission’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: 60The 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: 74European 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 […]
European economy and eurozone: challenges abound
Views: 52Resilient fiscal policies are needed in the euro area and specifically in the EU states with high debt and deficit levels. Given the modern uncertainties, fiscal policies must be prepared to adapt quickly, with prudence in spending and readiness to respond to possible risks. Two main “sub-unions” play vital role: the Economic and Monetary […]
European digital payments: “mobile wallets” and the Apple case
Views: 62European digital legislation ensures effective hardware and software’s interoperability and opens up competition in this sector, e.g. by preventing Apple from excluding other mobile wallets from the iPhone’s system. Now competitors are able to compete with Apple Pay for mobile payments in shops and Apple cannot keep other mobile wallets out of the market. […]
EU financial services: digital perspectives
Views: 52Most productive EU-wide attention to digital-type financial services dates back to consultations on fin-tech in 2017 devoted to facilitating a more competitive and innovative European financial sector. Then around 2021, the central banks digital currency, CBDC has become a hot issue: several central banks around the world were considering options of adopting virtual currencies. […]