CEPS Task Force Reports


1 - 30 of 67
11 December 2014

With publication of the results of its Comprehensive Assessment at the end of October 2014, the European Central Bank has set the standard for its new mandate as supervisor. But this was only the beginning. The heavy work started in early November, with the day-to-day supervision of the 120 most significant banks in the eurozone under the Single Supervisory Mechanism. The centralisation of the supervision in the eurozone will pose a number of challenges for the ECB in the coming months and years ahead.

07 October 2014

This Task Force report combines the most recent data from Eurostat with national sources to highlight the most significant labour mobility trends within the EU. Overall, the recent recession has not induced previously immobile workers to become more mobile, at least not in the larger member states. Mobility flows have moved away from crisis countries in response to the economic downturn but the desired increase in south-north mobility has not been observed so far. This leads the authors to conclude that successfully fostering mobility within EU15 countries requires tremendous effort.

13 June 2014

This report is based on discussions within the CEPS Task Force on “The Quantity and Quality of Human Capital in Higher Education: Comparing the EU, the US and China", chaired by Jan-Eric Sundgren, Senior Adviser to the CEO of Volvo, and former President of Chalmers University of Technology in Gothenburg. It aims to draw salient lessons from the successes and failures in higher education practices in the EU, the US and China by comparing key education indicators and policy trends.

19 March 2014

To contribute to the important debate on EU institutional reform in the run-up to the European Parliament elections and the start of a new Commission, CEPS formed a High-Level Group on EU Institutional Reform under the leadership of Danuta Hübner MEP and member of the CEPS Board of Directors. The report of this distinguished group of MEPs, former and current EU institutional members and leading scholars on EU law and institutional affairs focuses on reforms that could be taken within the framework of the current treaties to build a more responsive and accountable Union.

18 September 2013

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13 September 2013

This report discusses how the current EU credit reporting systems meet the demands of the different stakeholders in the credit granting and management process, and what is needed to improve these systems. As credit reporting is a tool for responsible lending and for ensuring financial inclusion of consumers, it argues that the needs of EU credit markets and consumers should be the basis for assessing the current regulation and its functionality. How a creditor assesses the risk and the creditworthiness of a customer is at the core of successful and safe crediting.

09 July 2013

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27 June 2013

The scope and enforcement of copyright in the digital environment have been among the most complex and controversial subjects tackled by lawmakers all over the world for the last decade. Due to the ubiquitous use of digital technology, modern regulation of copyright inherently touches on numerous areas of law and social and economic policy, including communications privacy and Internet governance.

12 June 2013

A new CEPS Task Force Report has identified possible pathways for achieving the EU’s ambitious climate change targets. It concludes that a GHG emissions reduction in line with EU climate change policy is possible, but it requires immediate action. This report argues that most of the reductions required of the transport sector in the EU could come from more energy-efficient vehicles, combined with the gradual introduction of low-carbon fuels and new engine technologies.

08 April 2013

This report sheds light on the fundamental questions and underlying tensions between current policy objectives, compliance strategies and global trends in online personal data processing, assessing the existing and future framework in terms of effective regulation and public policy. Based on the discussions among the members of the CEPS Digital Forum and independent research carried out by the rapporteurs, policy conclusions are derived with the aim of making EU data protection policy more fit for purpose in today’s online technological context.

27 November 2012

This CEPS Task Force Report focuses on how to improve water efficiency in Europe, notably in public supply, households, agriculture, energy and manufacturing as well as across sectors. It presents a number of recommendations on how to make better use of economic policy instruments to sustainably manage the EU’s water resources.

12 November 2012

Drawing on discussions within a CEPS Task Force on the revised EU emissions trading system, this report provides a comprehensive assessment of the pros and cons of the various measures put forward by different stakeholders to address the level and stability of the price of carbon in the EU. It argues that the European Commission, the member states, the European Parliament and other stakeholders need to give serious consideration to introducing some kind of ‘dynamic’ adjustment provision to address the relatively inelastic supply.

19 April 2012

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08 March 2012

Taking stock of the experience of the EU Emissions Trading Scheme, this CEPS Task Force report analyses its purposes and potential for improving the cost-effectiveness of mitigation actions by expanding its scope to new sectors, linking with future flexible mechanisms and enhancing the long-term price signal. The performance of the ETS sector in mitigation is important for the EU’s ability to meet its current target of 20% GHG emissions reductions by 2020 compared with a 1990 baseline and will be instrumental in meeting any increased level of reductions.

09 February 2012

What share of the EU’s collective GDP should the EU budget represent? 1%? 1.05%? 0.95%? A Task Force set up by CEPS to explore this question finds that the EU member states, once again, are locked in a pointless battle. Their report argues that the amount is not decisive when it comes to EU spending, but that quality matters far more than quantity. And it is on the quality side that the most significant improvements can be made.

09 May 2011

Achieving the EU’s dual objectives of combating climate change by 2020 and beyond and implementing its ambitious Europe 2020 economic growth agenda will require the development, demonstration and in particular the deployment of new low-carbon technologies at a faster rate than is currently taking place. EU policies to make this happen have been or are being put in place.

18 February 2011

In a context of growing uncertainty about the future of Europe's capital markets, the review of a fundamental piece of legislation such as the Markets in Financial Instruments Directive (MiFID) offers a significant opportunity to strengthen the role of the internal market and to regain investors' confidence, which has been so badly shaken by the financial crisis. MiFID has unquestionably changed the landscape of European (secondary) capital markets: leading to a more competitive environment, huge investments in technologies and greater investor protection.

16 December 2010

Critical infrastructures such as energy, communications, banking, transportation, public government services, information technology etc., are more vital to industrialized economies and now than ever before. At the same time, these infrastructures are becoming increasingly dependent on each other, such that failure of one of them can often propagate and result in domino effects.

17 November 2010

Cities are home to 80% of the population in the EU and are responsible for 70% of its greenhouse gas emissions. Urban areas can therefore play a key role in improving energy efficiency and promoting low-carbon development. Cities are important centres of policy innovation and can – among other actions – advance clean energy systems, promote sustainable transport, manage waste and water, and improve energy efficiency in buildings. Cities across Europe are facing similar challenges, and are now attempting to learn from each other and to develop and exchange best practice.

29 October 2010

This CEPS Task Force report analyses, from different perspectives, the huge amounts of aid that were given to the financial sector in the EU in response to the financial crisis. It finds that that there are vast differences in the way member states have offered and implemented aid to the financial sector, calling into question the coherence of the single market. It also discusses the approach followed by the European Commission on the basis of the competences foreseen in the EU Treaty and poses some alternative options.

08 July 2010

Innovation policy is increasingly coming under the spotlight in the European Union, and has been given a prominent role in the EU 2020 strategy and in the flagship initiatives that will aim to ensure that Europe succeeds where the Lisbon strategy failed.

11 June 2010

The revised EU Emissions Trading System (EU ETS) grants partial, temporary free allocation of emission allowances to industry, based on benchmarks to address competitiveness concerns. The EU, led by the European Commission, has developed some 50 to 60 benchmarks covering around 85% of total EU ETS industrial emissions.

15 March 2010

Following the demise of Lehman Brothers, the debate on regulatory reform has been misled into concluding that large financial institutions must be broken up and their risk-taking activities limited by law, as called for by the ‘Volcker rule’. This report of a joint CEPS-Assonime Task Force argues that such actions are by no means necessary, may be hard to implement in practice and could entail large costs in terms of the availability of credit to the economy (e.g. if they reduced the ability of banks to hedge their credit positions).

23 February 2010

Investors have a longer memory than the sell-side of the market, and the financial crisis knocked the confidence of investors at all levels. Restoring Investor Confidence in European Capital Markets is a report of the the European Investors’ Working Group, an independent non-political investor group composed of members from the retail and institutional investment industry community.

05 December 2009

In March 2009, CEPS formed a Task Force under the chairmanship of Anders Wijkman, former MEP, Vice Chairman of the Taellberg Foundation and Vice President of the Club of Rome, to examine the impacts of climate change and the extent to which the EU budget can effectively assist in addressing them.

20 November 2009

This report is based on discussions in the CEPS Task Force on the Clean Development Mechanism and Future Flexible Mechanisms post-2012, chaired by Ulrika Raab, Senior Advisor at the Swedish Energy Agency. It was assumed that flexible mechanisms will play a crucial role in facilitating a positive outcome in the UN climate change negotiations in Copenhagen in December 2009, and that they will inspire a wide range of actions by participating countries on their own and directing attention to business investment opportunities.

10 September 2009

In December 2008, the European Commission issued a Guidance paper setting out its enforcement priorities in applying Article 82 to abusive exclusionary conduct. In response, CEPS formed a Task Force of legal scholars, practicing attorneys and corporate counsel to debate and comment on this latest Guidance paper and to issue recommendations aimed at improving the Commission’s text and the interpretation of the rules it contains.

01 December 2008

The financial crisis exposed dangerous weaknesses in the regulatory and oversight structure that need to be urgently corrected to restore confidence in the financial system and to keep the single market alive. Towards this end, this CEPS Task Force report puts forward three main policy recommendations to the EU:
1) The European Council should formally mandate the High-Level Expert Group on EU financial supervision to analyse the optimal structure of financial oversight and propose concrete steps leading to a European System of Financial Supervisors;

23 June 2008

Following a period of protracted turbulence, regulators on both sides of the Atlantic face the challenge of re-evaluating prudential standards in the midst of implementing the new so-called ‘Basel II’ rules, issued by the Basel Committee on Banking Supervision. Indeed, the 2007 subprime lending crisis and other scandals have cast doubt on the credibility of banks’ internal governance and risk assessment and management systems and the role of credit rating agencies in externally assessing the risk of complex structured products.

20 June 2008

Over the past two years, the debate on the review of the EU regulatory framework for electronic communications has become hectic. After the European Commission adopted its proposed set of measures in November 2007, the European Parliament has shown an unprecedented interest in topics such as spectrum policy, functional separation of the incumbents’ networks, the creation of a new European authority on telecoms, etc.