The European Commission’s proposal on banking structure reform, published in January, has framed what is likely to become an animated policy debate about banking structures and business models in the next European legislature. The UK has been a pioneered regulatory changes and bank structural reform with the Independent Commission on Banking and the Vickers Report in 2011, and subsequently the Financial Services Act 2012, the Banking Reform Act 2013 as well as and the Parliamentary Commission on Banking Standards following the uproar about LIBOR and other bank malpractice. The Volcker Rule in the US, the Liikanen Report of October 2012, and national legislation recently passed in France and Germany may also contribute to shaping the forthcoming EU discussion. Sajid Javid MP, who has been Financial Secretary to the UK Treasury since October 2013, will present the current UK approach, after which the moderated conversation will turn to reform prospects at the EU level.
19.00-19.05 Introduction by Gregory Claeys, Research Fellow at Bruegel
19.05-19.30 Presentation by Sajid Javid MP, Financial Secretary to the UK Treasury (on the record)
19.30-20.00 Q&A session (under the Chatham House Rule)
The research team of the SIMPATIC project is organising the 2nd Annual Conference, to be held in The Hague on April 2-4, 2013. SIMPATIC is a Collaborative Research Project funded by the 7th Framework Programme of the European Union, coordinated by Bruegel, which provides policy makers with a comprehensive and operational tool box allowing for a better assessment of the impact of research and innovation policies in Europe, thus allowing European innovation policy makers to better address the EU2020 challenges.
During the three days of scientific and policy sessions, interim results will be presented to the political and academic communities in all research areas (micro, macro, green and social), as well as a draft report on impact of RTD policy effects conducted by Reinhilde Veugelers (to be published in February 2015). The event will bring together a range of high-ranking participants, including EU officials, active and former senior policymakers, recognised academic experts and private sector specialists. Download the programme Download Download practical information Download
Energy is one of the key sectors where the action of the European Commission can be most powerful in enhancing European citizens’ welfare. Long term objectives of environmental sustainability and low energy costs for business and households are a priority in the Commission’s agenda. Action on multiple dimensions is deployed under the largely shared conviction that a fully functioning Single Market could be the best means to achieve those objectives. In this Competition Policy Lab seminar we will focus on the competition policy dimension of the European Commission’s action in the energy sector. Several antitrust cases are currently pending, most notably: the Gazprom case and the case for alleged price-fixing in oil products benchmarking. On March, 5 the Commission fined Romanian Power Exchange OPCOM or discriminating against EU electricity traders. On the state aid front, the focus is on schemes for renewables in Germany and subsidies to nuclear power plants in UK. By mid of April, new guidelines on how government can found energy projects will be presented by Dg-Competition. Distinguished speakers from the European Institutions, Academia and Industry will discuss these issues with a broad and high-level perspective – addressing the question of how competition policy enforcement at EU level can be shaped at best to contribute to the achievement of the European Union long term objectives in the energy market.
The onset of the Arab Spring raised expectations about an accelerated transition to democratic rule and better economic governance in the Middle East and North Africa. Three years down the road, there is at best a mitigated picture in terms of these objectives. A failure to satisfy the aspirations of the people in terms of growth, employment and a decent standard of living would perpetuate the deep cleavages within societies. Political actors in the Arab World have recognized the need to address the economic grievances of their population. The political leadership is intent on implementing overhauled policies to deliver better governance, growth, employment and improved living standards to their citizens. Turkey, meanwhile, has seen extraordinary economic successes in the last decade but faces news challenges in a difficult environment. The BRUEGEL-EDAM-Carnegie Middle East Center Forum on Public Policy is an initiative designed to foster a dialogue on key public policy issues between the different stakeholders in Arab societies, Turkey and Western public policy makers and opinion leaders. The objective is to establish a platform for high level decision makers to exchange and reflect on how best to improve economic governance in the important region of Europe, Turkey and the Arab world. The platform will establish a forum for the exchange of ideas and best practices on core economic governance issues among experts, media and policy makers from the North and South of the Mediterranean. Programme Download Organised jointly with
Growth in most Central, Eastern and Southeastern European (CESEE) countries is recovering, but the region is facing an unusual constellation of external risks—potential escalation of geopolitical risks, possibility of protracted weak growth in the euro area, and further bouts of financial volatility along the path towards monetary policy normalization in advanced economies. At this event representatives from the IMF will present their report: Central, Eastern, and Southeastern Europe: External Funding Patterns and Risks. This report addresses three questions: (1) What countries/sectors are most reliant on external funding, especially less stable forms of funding or relatively few sources of funding? (2) What makes countries more vulnerable to external financial shocks? (3) How would tighter external financial conditions affect growth and debt dynamics in CESEE countries? The report also outlines related policy implications.
On EU external energy policy there has been a certain mismatch between ambition and instruments. On the one hand, there is a long-standing argument that the EU needs to develop ‘one voice’ towards foreign suppliers to improve its negotiation position and improve supply security (e.g., the proposal by Jaques Delors and Jerzy Buzek). On the other hand, the most tangible results of EU external energy policy were achieved by European initiatives such as the ‘Energy Charter’ and the ‘Energy Community’ that helped to gradually transform energy sectors in the European neighbourhood so as to make them more compatible with the EU energy market.With recent events in Ukraine, the discussion on re-orienting European external energy policy gained new momentum. In this event we will discuss European external energy policy from three perspectives: (1) Małgorzata Kałużyńska (Director EU Economic Department at the Polish Ministry of Foreign Affairs) will address the issue from the perspective of a member state, (2) Dirk Buschle (Deputy Director Energy Community) will give a view from his international organisation and (3) Vsveolod Chentzov (Director at the Foreign Ministry of Ukraine) will the provide the perspective of a partner country. The three short presentations will be commented by Jonathan Stern (U Oxford) before the floor is opened for discussion.
We are pleased to announce that the 10th AEEF conference with the title “Asia and Europe in times of global change”,will take place on 15-16 May 2014 in Berlin, Germany.
The event is jointly organised by next year’s host Bertelsmann Stiftung, Bruegel and Centre d'Etudes Prospectives et d'Informations Internationales (CEPII) on the European side, and Asian Development Bank Institute (ADBI), Chinese Academy of Social Sciences (CASS), and Korea University (CEAS) on the Asian side. The event will bring together a range of high-ranking participants, including active and former senior policymakers, recognized academic experts and private sector specialists.
We have the pleasure to announce the China-Europe-US Economists Symposium: Reform—Challenges & Opportunities which will be held in Beijing on 17-18 May 2014. This conference is jointly organised by CF40 - China Finance 40 Forum, PIIE - Peterson Institute for International Economics and Bruegel. Draft agenda: I. Prospect, Risks and Challenges for Sino-US Economic Growth II. Secular Stagnation? III. Financial Reform and Its Effect on Real Economy IV. Inflation and Asset Price Dynamics V. 70th Anniversary for Bretton Woods: Review & Outlook
Note that the programme of this event is still under development and the page will be updated with more information shortly. Today’s world is more interconnected than ever before. Information technology and associated communications' networks and services pervade every aspect of our lives. Yet, for all its advantages, increased connectivity brings increased risk of theft, fraud, and abuse. This makes the protection of our digital assets and activities in cyberspace of critical importance, whether for individuals or a prosperous and sustainable society. As we become more reliant on modern technology, we also become more vulnerable to cyber attacks such as corporate security breaches, spear phishing, and social media fraud. The challenge to understand cyber risk and deliver effective and accessible security becomes harder as technology continues to rapidly evolve and our systems become ever more complex. Meanwhile, the threats we facing are organised and geared towards to exploiting our dependency on information and communications infrastructures. There is an urgent need for creative thought leading to the next generation of cyber security capability. Current approaches are simply not able to meet the demands of a global society growing in cyberspace on the current trajectory. New business models are forcing greater interdependence between people, organisations and nation states in order to successfully manage cyber risk. Success will necessarily require an ability to anticipate, deter, detect, resist and tolerate attacks, understand and predict cyber risks, and respond and recover effectively at all levels, whether individual, enterprise, national or across international markets. The panel will discuss these issues and address the following questions. What can companies and individuals do to address these threats? What role can and should policy makers play