CEPS Task Force Reports


31 - 60 of 64
06 March 2008

The European Union has entered a new and crucial stage in energy policy. After the adoption of legally binding targets to address climate change, energy security and competitiveness, the 27 member states are now turning their attention to the implementation of these targets. However, with an unfinished internal market for gas and electricity and with member states continuing to focus on bilateral energy relationships with supplier countries, the EU is still at the very beginning of a common EU energy policy.

16 January 2008

Three years after a fiery lift-off, the European Company Statute (ECS) is anything but popular. Although the numbers appear to be improving gradually, only a few companies have actually taken the leap to become certified as a European Company (SE). CEPS’ aim in producing this report, and more generally in initiating a Task Force on the issue, has been to examine the problems that inhibit companies from choosing the ECS as a vehicle for simplifying their structures.

04 December 2007

Successful global sectoral industry approaches could become an effective means of broadening the range of contributions by all parties to greenhouse gas reductions, and of addressing competitiveness concerns in trade-exposed industries. This report puts these two hypotheses to the test and identifies the key requirements for global sectoral industry approaches to work.

08 November 2007

In a groundbreaking speech in the European Parliament in June 2005, the then British Prime Minister Tony Blair effectively signalled room for negotiation on the UK rebate in exchange for fundamental reform of the EU budget, with particular reference to the common agricultural policy. No concrete proposal was presented, but in the European Council’s Decision on the financial perspective for 2007–13 in December 2005, the Commission was invited to undertake a full review of EU budget expenditures and resources, and to report its findings in 2008–09.

06 March 2007

Having been underway for more than two years, the review of the EU Emissions Trading Scheme (EU ETS) is entering a decisive phase with the European Commission’s recent announcement that it will table formal proposals in the second half of 2007.

14 November 2006

Over a three-year period beginning in July 2003, CEPS organised a Task Force, to explore the challenges facing regulation and supervision of the insurance industry in the EU. The Task Force, chaired by Johan Van Der Ende, Director of Structured Investments for PGGM, brought together representatives from the industry and its regulators, industry associations, consultancies, national governments, distinguished scholars, the European Parliament and the European Commission.

30 October 2006

Four years after the Commission adopted its Transport White Paper, a CEPS Task Force was formed to review European transport policy and to identify the remaining challenges in this arena. The CEPS Task Force is now publishing its findings, against the background of a forthcoming mid-term review by the Commission of EU progress towards a single market for transport. It finds that while progress has been made towards a coherent, EU-wide road transport policy, less has been achieved for rail, air and sea in recent years.

29 June 2006

Over the past few years, the European ICT sector has undergone dramatic changes. The advent of technological convergence, the increased penetration of broadband, the emergence of new business models and the migration towards IP-based networks are blurring the boundaries between markets and creating new forms of competition. The combined effect of these changes calls for a thorough reconsideration of the ‘rules of the game’. Has the current EU regulatory framework delivered the expected results?

20 June 2006

Four years after the Commission adopted its Transport White Paper, a CEPS Task Force was formed to review European transport policy and to identify the remaining challenges in this arena. The CEPS Task Force is now publishing its findings, against the background of a forthcoming mid-term review by the Commission of EU progress towards a single market for transport. It finds that while progress has been made towards a coherent, EU-wide road transport policy, less has been achieved for rail, air and sea in recent years.

01 December 2005

This report analyses to what extent the objectives of International Financial Reporting Standards (IFRS) are compatible with basic tax principles and could form the starting point for achieving a common consolidated corporate tax base (CCCTB) in Europe. It also provides constructive information and guidance to the European Commission to identify the elements of member states’ tax systems that must be considered to achieve convergence to a CCCTB from the starting point of IFRS.

01 December 2005

This report presents the findings of a multi-stakeholder CEPS Task Force, co-chaired by David Hone, Shell and Lasse Nord, Norsk Hydro. After taking stock of the EU ETS, the report examines the need and potential for short-term adaptation of the second round of allocation and makes concrete and operational recommendations to EU member states and the European Commission.

01 October 2005

Over the last two decades, renewable energy sources (RES) have attracted heightened interest for a number of different reasons. RES promise strategic improvements in the security of supply, reduce the long-term price volatility to which the EU is subjected as a price-taker for fossil fuels and could offer an enhanced competitive edge for the EU RES technology industry. Renewables also reduce air pollution and greenhouse gas emissions. The cumulative effect of these and other benefits makes a robust case for renewables support.

01 May 2005

Recognising that climate change poses one of the world’s greatest challenges, this new CEPS Task Force report identifies priority areas for coherent EU domestic policies in the short, medium and long term. It gives a first indication of what would be implied in concrete terms for the EU to meet its target of limiting the future global average temperature increase to 2°C above its pre-industrial level.

01 February 2005

Much has been achieved on the EU Financial Services Action Plan but challenges remain to make the single financial market work. In this report, the highly successful CEPS Task Force on the post-FSAP agenda presents its 10 policy recommendations aimed at responding to those challenges. The fundamental issues of implementation and enforcement are considered, along with refinements to the EU’s regulatory, supervisory and crisis-management frameworks.

01 February 2005

This report examines the effects of the EU Emissions Trading Scheme (ETS) on the business environment. While the main focus is the 2008-12 period with possible incremental improvements, the report also takes a strategic perspective by looking beyond 2012. The analysis begins with the question of whether the EU ETS can be expected to achieve the declared objectives to create the necessary incentives for the power and energy-intensive sector for behavioural changes in the short and medium term and to encourage investment in low-carbon generation technologies in the long term.

01 December 2004

A key message of this report is that full and effective implementation of proposed legislation will be necessary to ensure a true internal market for energy in the EU, but this alone will not be sufficient. In parallel, more attention must be paid to other, less-prominent fields. The report singles out i) the introduction of incentive-based network regulation and ii) the careful design of principal elements of the wholesale market, i.e. trade of electricity and gas for resale (‘wholesale market design and rules’).

01 April 2004

The purpose of this report is to provide a detailed, up-to-date and critical analysis of the New Basel Capital Accord framework. It focuses on the limitations and pitfalls that may deserve further investigation, particularly at the European level. Moreover, it provides a provisional assessment of its effects on small- and medium-sized European banks, as well as small- and medium-sized European enterprises. It examines the procyclicality of the new Accord and offers mechanisms to counter it. Finally, it addresses the challenges of implementing the new rules at the EU level.

01 April 2004

Among the big issues facing the EU is the declining working-age population and the effect this decline will have on our economies, businesses and social welfare systems. One way to address this issue is to promote labour mobility throughout the EU. The CEPS-ECHR (European Club for Human Resources) Task Force – chaired by Allan Larsson, former Director-General of DG Employment and Social Affairs – presents its recommendations for a more flexible and secure labour market in this report.

01 March 2004

The result of a CEPS multi-stakeholder Task Force, this new report produces recommendations on the link between the EU emissions trading regime and CDM and JI, the so-called ‘Linking Directive’, which is expected to be agreed by the Council of Minister and the European Parliament in a single reading in April 2004. The principal conclusion is that the Linking Directive provides the EU with a flexible and workable platform to shape both EU and international climate change policy.

01 July 2003

The WTO meeting at Cancún, Mexico this September represents a critical stage in the Doha Development Round of world trade talks. Free trade has been under sustained attack from a wide spectrum of pressure groups since the Seattle debacle in 2000. This CEPS Task Force Report articulates a progressive, business-oriented agenda on trade. It suggests that there is a ‘hierarchy of responsibility’ among negotiating countries.

01 April 2003

After the adoption of the EU pension funds directive, the regulatory framework for asset management in the EU is complete. The single licence and home country control will now be applicable across the board for the different lines of asset management business. However, considering that asset management can be governed by 5 different regulatory regimes in the EU: banking, investment services, insurance, pension funds and investment funds, some parties have started to argue for a horizontal asset management directive as a single regime for all asset management business.

01 April 2003

Incompatibility of pension schemes in the different EU member states is major headache for human resource managers across Europe. The lack of pension portability is a source of additional costs for European enterprises, and mobile employees face a bewildering web of pension rights. Removing obstacles to pension portability within the EU should not only reduce these costs, but support labour mobility and increase revenues from occupational pension schemes through greater competition. Ultimately, it fosters the possibility of a pan-European pension fund for all staff members.

01 April 2003

Since the 1960s, the EU has tried to forge a legal regime for investment services. These efforts have been marred by controversy, with views diverging on the appropriate level of competition in the field of securities trading. In November 2002, the Commission presented its proposal for a revised Investment Services Directive (ISD), the latest part of these efforts.

01 October 2002

Emissions trading has been shunned for a long time by policy-makers in the European Union as an instrument of environmental policy. It was the Kyoto Protocol that put emissions trading firmly on the EU agenda for the first time. Ever since, discussions on implementing an EU-wide scheme have advanced at a rapid pace and, in the specific case of greenhouse gas emissions trading, the EU and some of its member states have gradually become a major reference point for this instrument.

01 September 2002

The debate on agricultural policy in the EU has been very lively and politically prominent over the past months. The Common Agricultural Policy (CAP) of the EU has undergone major changes since it was first implemented at the end of the 1960s. Commentators suggest that the CAP changes made in the Agenda 2000 reform package were insufficient to address the problems facing the CAP in the coming years. These include enlargement, new trade negotiations and the demand by European society for a safe, sustainable agri-food system, to name but a few.

01 November 2001

The rapidly changing economic environment in which the energy sector operates calls for new concepts and policies to deal with security of supply. This Working Party Report brings together decision-makers from the EU institutions and stakeholders – including business, industry and NGOs – to consider how both the problems of and the solutions to security of supply differ today from the past, and how to meet the challenges of security of supply in a liberal market.

01 November 2001

Tax policy within a single country rarely develops in a rational fashion. We should not expect, therefore, the coordination of tax policies of fifteen countries to proceed in a rational fashion. Nevertheless, a coherent EU policy is needed for corporate tax reform. The question then becomes: What direction is most appropriate for EU corporate tax policy? This report provides an overview of the options for corporate taxation in Europe, examining both the potential problems and solutions.

01 October 2001

Community institutions are now busy with the second readings of the proposals for a new regime for regulating the European Communications Industry. While many aspects of the proposed new regulatory arrangements are widely accepted, a number of key choices still have to be made. The regulation of European communications is therefore at a crossroads. This CEPS Working Party Report considers the key choices that lie ahead, with the aim of providing the institutions with some fresh input from well placed observers.

01 October 2001

The purpose of this report is to identify the possible implications of e-commerce in financial services and associated risks for the financial sector industry. The report provides an overview of regulatory initiatives at the European level and identifies main public policy issues. In particular, the report focuses on retail financial services, an area that is often problematic. A series of policy recommendations is outlined.