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Digital Europe programme: Funding digital transformation beyond 2020

11-02-2019

In the framework of the next long-term EU budget for 2021-2027, the Commission is proposing a new, €9.2 billion programme to build up digital capacity and infrastructure and support a digital single market. It will operate mainly through coordinated and strategic co-investments with the Member States in the areas of advanced computing and data, artificial intelligence, and cybersecurity, their uptake and optimal use in the private and public sectors and boosting advanced digital skills. The programme ...

In the framework of the next long-term EU budget for 2021-2027, the Commission is proposing a new, €9.2 billion programme to build up digital capacity and infrastructure and support a digital single market. It will operate mainly through coordinated and strategic co-investments with the Member States in the areas of advanced computing and data, artificial intelligence, and cybersecurity, their uptake and optimal use in the private and public sectors and boosting advanced digital skills. The programme aims to help European societies and businesses to make the most of the ongoing digital transformation. The Commission sees the potential for efficiency gains in exploring complementarities and synergies with other planned programmes such as Horizon Europe, the Connecting Europe Facility and the European Regional Development and Cohesion Funds. The European Parliament adopted amendments on 13 December 2018 and referred the file back to the ITRE committee for interinstitutional negotiations. The Council reached a partial general approach, which excludes budgetary and horizontal issues, in December 2018. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Launching the Digital Europe Programme

08-10-2018

Despite its strong position in science, research and innovation, Europe lags behind when it comes to deploying digital capacities and taking up advanced digital technologies. That's why the European Commission proposed a new programme - the Digital Europe Programme - to support the deployment and optimal use of the digital capacities that underpin innovation in areas of public interest and business. This briefing provides you with an appraisal of the quality of the impact assessment, which accompanies ...

Despite its strong position in science, research and innovation, Europe lags behind when it comes to deploying digital capacities and taking up advanced digital technologies. That's why the European Commission proposed a new programme - the Digital Europe Programme - to support the deployment and optimal use of the digital capacities that underpin innovation in areas of public interest and business. This briefing provides you with an appraisal of the quality of the impact assessment, which accompanies the Commission's proposal.

Virtual currencies and central banks monetary policy: challenges ahead

02-07-2018

Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. As with other innovations, virtual currencies pose a challenge to financial regulators, in particular because of their ...

Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. As with other innovations, virtual currencies pose a challenge to financial regulators, in particular because of their anonymity and trans-border character. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Autore esterno

Marek Dabrowski, Lukasz Janikowski

Should central banks be concerned about virtual currencies?

02-07-2018

Virtual currencies have generated much discussion over the past few years with some believing they are an improvement on state-issued currencies and will end up replacing them. This paper argues this is extremely unlikely. Cryptocurrencies such as Bitcoin do not work well as money because of security weaknesses and the volatility of their price relative to traditional currencies. The theory that the private sector will choose to replace a state-backed currency with privately-issued currency also ...

Virtual currencies have generated much discussion over the past few years with some believing they are an improvement on state-issued currencies and will end up replacing them. This paper argues this is extremely unlikely. Cryptocurrencies such as Bitcoin do not work well as money because of security weaknesses and the volatility of their price relative to traditional currencies. The theory that the private sector will choose to replace a state-backed currency with privately-issued currency also has little historical backing. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Autore esterno

Professor Karl Whelan

Virtual Currencies

02-07-2018

Following a brief discussion of the characteristics of money, we provide an overview of virtual currencies describing relevant technological aspects and different use cases. Based on this, we derive implications for financial market regulations and monetary policy (with a focus on the possibility of central bank digital currencies). This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Following a brief discussion of the characteristics of money, we provide an overview of virtual currencies describing relevant technological aspects and different use cases. Based on this, we derive implications for financial market regulations and monetary policy (with a focus on the possibility of central bank digital currencies). This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Autore esterno

Kiel Institute for the World Economy

EU-Japan cooperation on global and regional security - a litmus test for the EU's role as a global player?

11-06-2018

Within their partnership, the EU and Japan recognise each other as being essentially civilian (or ‘soft’) powers that share the same values and act in the international arena solely with diplomatic means. However, the evolution of the threats they face and the unpredictability now shown by their strategic ally, the US, have led both the EU and Japan to reconsider the option of ‘soft power-only’ for ensuring their security. They have both begun the — albeit long —process of seeking greater strategic ...

Within their partnership, the EU and Japan recognise each other as being essentially civilian (or ‘soft’) powers that share the same values and act in the international arena solely with diplomatic means. However, the evolution of the threats they face and the unpredictability now shown by their strategic ally, the US, have led both the EU and Japan to reconsider the option of ‘soft power-only’ for ensuring their security. They have both begun the — albeit long —process of seeking greater strategic autonomy. The EU’s Global Strategy adopted in 2016 aims clearly to ‘develop a more politically rounded approach to Asia, seeking to make greater practical contributions to Asian security’. Like the EU, Japan has identified ‘a multipolar age’ in which the rules-based international order that has allowed it to prosper is increasingly threatened. In line with its security-related reforms, Japan has decided to ‘take greater responsibilities and roles than before in order to maintain the existing international order’ and resolve a number of global issues. The EU and Japan may increase their cooperation at the global and strategic level and in tackling these challenges at the regional or local level. The Strategic Partnership Agreement (SPA) between the EU and Japan will provide opportunities for such cooperation, which should also be open to others. This is an opportunity for the EU to demonstrate that it is a consistent and reliable partner, and a true ‘global player’. The Council Conclusions of 28 May 2018 on ‘Enhanced security cooperation in and with Asia’ are a step in this direction but need to be translated into action.

Le prospettive della democrazia digitale in Europa

02-02-2018

Gli strumenti digitali potrebbero creare connessioni più solide tra i cittadini europei e il processo decisionale dell'UE e, in questo modo, contribuire alla riduzione del deficit democratico nell'Unione europea. La presente relazione prende in esame gli insegnamenti che si possono trarre dalle esperienze locali, nazionali ed europee in termini di utilizzo degli strumenti digitali per il funzionamento delle procedure decisionali e delle istituzioni dell'UE. A tale scopo è stato effettuato un esame ...

Gli strumenti digitali potrebbero creare connessioni più solide tra i cittadini europei e il processo decisionale dell'UE e, in questo modo, contribuire alla riduzione del deficit democratico nell'Unione europea. La presente relazione prende in esame gli insegnamenti che si possono trarre dalle esperienze locali, nazionali ed europee in termini di utilizzo degli strumenti digitali per il funzionamento delle procedure decisionali e delle istituzioni dell'UE. A tale scopo è stato effettuato un esame della letteratura attualmente disponibile sulla democrazia digitale e la sfera pubblica europea; 22 esperienze locali, nazionali e dell'UE in relazione agli strumenti digitali esistenti sono state esaminate e valutate ed è stata effettuata un'analisi dell'idoneità degli strumenti digitali più promettenti in termini di attuazione e uso a livello di UE. I fattori più importanti per la riuscita della partecipazione digitale identificati nella relazione sono: un collegamento stretto e chiaro tra i processi di partecipazione digitale e un processo decisionale formale concreto; il processo partecipativo e i suoi contributi al processo decisionale nel suo insieme devono essere chiari ai partecipanti sin dall'inizio; il riscontro ai partecipanti riguardo all'uso che è stato fatto dei loro contributi è una caratteristica indispensabile del processo; un processo partecipativo non dovrebbe essere limitato a un solo evento, ma integrato in una "cultura della partecipazione" istituzionale; la partecipazione digitale deve essere accompagnata da un'efficace strategia di mobilitazione e partecipazione, che preveda strumenti di comunicazione pensati su misura per i diversi gruppi destinatari.

Perspectives on transatlantic cooperation: Transatlantic cyber-insecurity and cybercrime - Economic impact and future prospects

07-12-2017

Over the past two decades, an ‘open’ internet and the spread of digital technologies have brought great economic benefits on both sides of the Atlantic. At the same time, the spread of insecure digital technologies has also enabled costly new forms of crime, and created systemic risks to transatlantic and national critical infrastructure, threatening economic growth and development. The transnational nature of these phenomena make it very difficult for effective policy solutions to be implemented ...

Over the past two decades, an ‘open’ internet and the spread of digital technologies have brought great economic benefits on both sides of the Atlantic. At the same time, the spread of insecure digital technologies has also enabled costly new forms of crime, and created systemic risks to transatlantic and national critical infrastructure, threatening economic growth and development. The transnational nature of these phenomena make it very difficult for effective policy solutions to be implemented unilaterally by any one jurisdiction. Cooperation between stakeholders in both the EU and US is required in the development and implementation of policies to increase the security of digital technologies and increase societal resilience to the cybersecurity risks associated with critical infrastructure. Although there is a great deal of congruence between the stated policy goals in both the EU and US, obstacles to effective cooperation impede effective transatlantic policy development and implementation in some areas. This study examines the scale of economic and societal benefits, costs, and losses associated with digital technologies. It provides an overview of the key cybercrime, cybersecurity and cyber-resilience issues that policy-makers on either side of the Atlantic could work together on, and explains where effective cooperation is sometimes impeded.

Autore esterno

Benjamin C. Dean, Iconoclast Tech Foreword by Patryk Pawlak, formerly of EPRS, now of EU Institute for Security Studies Administrator responsible: Elena Lazarou, Members' Research Service, EPRS

Digitalizzazione dell'industria europea

24-05-2017

In risposta ai recenti sforzi della Commissione europea volti a far progredire la digitalizzazione dell’industria dell’UE, la commissione del Parlamento europeo per l’industria, la ricerca e l’energia (ITRE) ha elaborato una relazione di iniziativa in materia, che sarà oggetto di dibattito nella sessione plenaria del mese di maggio. La relazione propone di sviluppare una strategia integrata volta a creare condizioni favorevoli alla reindustrializzazione dell’economia europea, in modo da poter beneficiare ...

In risposta ai recenti sforzi della Commissione europea volti a far progredire la digitalizzazione dell’industria dell’UE, la commissione del Parlamento europeo per l’industria, la ricerca e l’energia (ITRE) ha elaborato una relazione di iniziativa in materia, che sarà oggetto di dibattito nella sessione plenaria del mese di maggio. La relazione propone di sviluppare una strategia integrata volta a creare condizioni favorevoli alla reindustrializzazione dell’economia europea, in modo da poter beneficiare pienamente delle opportunità offerte dalla digitalizzazione.

EBA Draft Regulatory Technical Standards on Strong Customer Authentication and Secure Communication

22-03-2017

Art. 98 PSD2 mandated the European Banking Authority (EBA) to prepare draft Regulatory Technical Standards on strong customer authentication and secure communication (RTS on SCA&SC) in close cooperation with the ECB. After extensive consultation, the EBA finalised the draft on 23 February 2017 in the light of the feedback received. The final draft RTS balances the possibility for new providers and new payment services, with the introduction of a framework that ensures common IT approaches which ensure ...

Art. 98 PSD2 mandated the European Banking Authority (EBA) to prepare draft Regulatory Technical Standards on strong customer authentication and secure communication (RTS on SCA&SC) in close cooperation with the ECB. After extensive consultation, the EBA finalised the draft on 23 February 2017 in the light of the feedback received. The final draft RTS balances the possibility for new providers and new payment services, with the introduction of a framework that ensures common IT approaches which ensure a high level of security, e.g. by proper authentication of the payer.

Prossimi eventi

22-01-2020
Understanding EU policy on data protection: State-of-play and future challenges
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