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Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the tenth Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. Section 1 cover some recent developments relating to the implementation of RRF, such as the European Commission’s Communication of February, and the entry of force of the RePowerEU legislative framework. Section 2 focuses on the positive assessments by the Commission of the payment requests made by six EU ...

This note is prepared in view of a public hearing with the Chair of the Single Resolution Board (SRB), Dominique Laboureix, scheduled for 1 March 2023.

EGOV 2022 Annual Activity Report

Uitgebreide analyse 10-02-2023

This activity report covers the year 2022 and presents an overview of the expertise provided by the Unit in the area of Recovery and Resilience Facility (RRF), Economic Governance and Banking Union in view of supporting the related scrutiny activities in the competent committee(s).

This briefing provides a summarised comparative analysis of eight papers prepared by external experts at the request of the ECON Committee on the implementation of the six policy pillars of the Recovery and Resilience Facility. It further contains a summary of each of the eight papers provided. Both the comparative analysis and the summaries are prepared under EGOV responsibility; assessing and evaluating the integral views of the authors require a read-through of the full papers.

Progress on the Banking Union?

Briefing 27-01-2023

While the Eurogroup did not agree on concrete steps towards the completion of Banking Union, its June 2022 statement does entail some elements that the forthcoming Commission proposals could build upon, making improvements to the crisis management and deposit insurance framework that eventually bring the completion of the Banking Union closer.

This document compares the draft 2023 Recommendation for the economic policy of the Euro Area proposed by the European Commission on 22 November 2022 with the 2023 Euro Area recommendation approved by the Council (ECOFIN) on 17 February 2023.

Elisabeth Svantesson, Minister of Finance of the Sweden, is participating in the ECON Committee in her capacity of President of the ECOFIN Council during the Swedish Presidency (January-June 2023). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This document provides an overview of the Swedish Presidency priorities in ECON matters, including the Council’s work relating to ...

This note is prepared in view of a public hearing with the Chair of the Single Resolution Board (SRB), Elke König, scheduled for 30 November 2022.

Economic Dialogue with Romania

Uitgebreide analyse 28-10-2022

ECON on 7 November 2022 This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an economic dialogue and exchange of views with Mr Adrian Câciu, Minister of Finance of Romania, in the ECON committee of the European Parliament. The invitation for an exchange of views is in accordance with the EU economic governance framework.

This papers reflects on recent turmoil created by derivatives used by energy companies and by UK pension funds, assessing some recent work of the European Supervisory Authorities, reports on EIOPA’s review of Credit Protection Insurance that unveiled poor underwriting and sales practices, as well as poor value for money from a consumer perspective, and contains a section on cyber risk, subject to increased warnings by supervisory authorities.