mercoledì 23 agosto 2017

European Medicines Agency - News and Events - Strengthening EU-US cooperation in medicine inspections

The interdependence of research and policymaking . Speech by Mario Draghi, President of the ECB, at the Lindau Nobel Laureate Meeting, Lindau, Germany, 23 August 2017

The interdependence of research and policymaking

I am especially thankful to Professor Hellwig for inviting me to address this conference. All of you Nobel laureates share the extraordinary ability to explain parts of our everyday reality that have not been understood before, or were previously seen from a different, and less informative, perspective. You are the builders of a science that is also a guide to policymaking. Your discoveries have contributed to the way we think, the way we do policy, the way we affect the welfare of millions of individuals.
This year marks the 200th anniversary of David Ricardo’s Theory of Comparative Advantage[1] – in the words of Paul Samuelson, one of the few counter-intuitive fundamental ideas in economics, which moved the world away from mercantilism. And when we look at other giants in the history of economic thought, Adam Smith, who laid down the foundations of capitalism; Keynes, who drove us into policy activism and away from laissez-faire; until the founders of econometric model building in post-war time, we cannot but conclude that there is little in economics that does not have policy implications and that the interaction between research and its policy application is continuously evolving in an ever expanding universe.
Let me review the most recent development of those interactions and in so doing, I will focus on monetary policy and financial regulation.(segue)

Capital Markets Union: Commission launches consultation on further reducing barriers to post-trade services across financial markets

Capital Markets Union: Commission launches consultation on further reducing barriers to post-trade services across financial markets
The Commission is launching today a public consultation on how to improve post-trade services used in financial transactions, including clearing, settlement and collateral management. 
As part of the Capital Markets Union Action Plan, the Commission is currently reviewing progress made in removing barriers to post-trade market infrastructure. 
This consultation seeks to gather views on a range of issues including the current state of post-trade markets, the main trends and challenges faced by post-trade services providers and users as well as the best ways to remove barriers, including through financial technology. 
On average, cross-border trades remain more expensive than domestic trades and a more efficient post-trading environment could reduce such costs. 
Vice-President Valdis Dombrovskis, responsible for Financial Stability, Financial Services and Capital Markets Union, said: "Efficient and integrated post-trade markets are essential for EU financial markets and for a well-functioning Capital Markets Union. We need to find the best solutions to remove all barriers to efficient and resilient post-trade services". 
As part of its review, in February 2016 the Commission created a European Post-Trade Forum (EPTF) to assess the evolution of the EU post-trade landscape and progress in removing barriers. The EPTF has today published its report which can be found here
The results of today's consultation will contribute to a Communication on post-trade planned for the end of 2017, and to future legislative reviews. 
The consultation questionnaire is available here and will remain open until 15 November 2017. 
(For more information: Lucia Caudet – Tel.: +32 229 56182; Patrick McCullough – Tel.: +32 229 87183)


WebRadioScout Player