Earlier this year, European authorities agreed on the second pillar of the banking union, a single resolution mechanism, to come into effect in 2016. After the ECB taking over responsibility for bank supervision (directly for the largest, indirectly for all banks) in the Eurozone, centralizing resolution as complement for centralized supervision has been an important next step. The result is a ...

http://dx.doi.org/10.1016/j.jml.2016.04.004 0749-596X/ 2016 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). q This research received funding from the European Research Council under the European Union’s Seventh Framework Programme (FP/20072013)/ERC Grant Agreement n.313610 and was supported...

European governments are increasingly committed to road safety, due to the impact of road accidents in terms of economic loss and as a public health threat. In addition to regulation, providing better road infrastructure is an essential strategy to promote road safety. This paper investigates the relationships between different types of road quality and their impact on national safety outcomes ...

This paper represents the final OECD report for the project on “The jobs potential of a shift towards a low-carbon economy” (VS/2010/0618 – S12.576453). We gratefully acknowledge the funding support provided by the European Commission for undertaking this work, as well as voluntary contributions from Austria, Canada, Denmark, Korea and Japan. Opinions expressed in the report are those of the au...

Within the European Union, risk-based funding requirements for life insurance companies are currently being revised as part of the Solvency II project. However, many insurers are struggling with the implementation, which is in part due to the inefficient methods underlying their numerical computations. We review these methods and propose a significantly faster approach for the calculation of th...