Categorie archief: Beleidscyclus

Better mutual recognition for better results on asset recovery: A new Commission’s proposal

Just before Christmas, with the objective of further enabling Member States to deprive criminals of their illicit gain, the EU Commission proposed the adoption of an(other) instrument in the field of freezing and confiscation of assets deriving from criminal offences.

Due also to obligations under international and EU law, asset recovery laws and strategies – in particular against organised crime – have been increasingly adopted by contemporary criminal justice systems. Attacking criminal wealth has, indeed, a strong preventive and strategic dimension: focusing on the property of criminal organisations, for example, helps law enforcement authorities reach through their top, and it gives more tools to neutralise and dismantle them. The idea that asset recovery is essential to tackle these organisations has been lately coupled with the conviction that it is helpful against terrorism, too. The Commission proposal was indeed announced at the beginning of 2016 with the ‘Action Plan for strengthening the fight against terrorist financing’. Lees verder

Exciting times for the EU implementation of RENFORCE efforts for the future proof protection of minors online

Coming from the Molengraaff Institute of Private law (REBO), I feel very much connected to RENFORCE and its work. From my early days as a PHD student, my focus has been on how regulation and supervision can deal with disruptive technology in a future proof way. How to support innovation on the one hand and to protect vulnerable consumer interests on the other, has been the leading theme in my work both in academia and for society. Since this is one of the key themes of RENFORCE, I always feel very much at home, but the last six month have been extremely exciting existing in this respect.tumblr_o1ioscgle31tr7a3bo1_500

With and trough RENFORCE we have initiated many very valuable projects.  One of these initiatives is the project on the EU regulation of the protection of minors on all platforms and media against harmful, violent content. What is the optimal regulatory mix to guarantee protection of our beloved children on the one hand, whilst avoiding stifling innovation of the promising converging media on the other? A RENFORCE Conference on the topic as well as a peer reviewed publication formed the basis of my input in the recent update of the Directive on audio-visual media services, input I could give both as a RENFORCE law professor and as an ERGA chair[1]. I was extremely grateful to learn that the academic effort was fully acknowledge by the European Commission in its text for a New Directive for Audio-visual media services. A perfect valorisation of RENFORCEs academic efforts.

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Why is “four” better than “three” when it comes to the lines of defence in financial institutions?

photo by SteelCityHobbies

photo by SteelCityHobbies

Certainly one of the greatest banking scandals of any age, the LIBOR fraud rocked the global financial industry. Manipulating interbank interest rates for almost two decades, the scale of the LIBOR deceit was staggering: 3 continents, 10 countries, 20 banks.

How could that happen on such a massive scale?

What LIBOR and other crises have shown is that banks need to enhance corporate governance measures. Most importantly, such incidents have led to a further prioritisation of governmental and supervisory agendas relating to the potential systemic implications of weak internal control systems, shifting the focus from the soundness of individual financial entities to the integrity and stability of the whole financial system. As Schwarcz maintains, the sheer perils financial supervisors have currently to cope with are attached to the risk “that a trigger event, such as an economic shock or institutional failure, causes a chain of bad economic consequences—sometimes referred to as a domino effect”. Systemic risk, indeed. Lees verder

Loting soms ondeugdelijk en niet doeltreffend

ac20fedb-7eac-4cc9-9f7c-456d4e8b7196Bij aanbestedingen wordt een aanbieder gecontracteerd die de goederen mag aanleveren of de dienst of het werk mag uitvoeren. De beste aanbieding wint. Soms wordt er bij aanbestedingen geloot: wat vinden we daarvan?

Loten bij aanbestedingen komt ten minste bij twee onderdelen voor: om aanbieders te kiezen die een offerte mogen opstellen of om de winnaar(s) te kiezen.

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Over dieselgate en de strafrechtelijke handhaving van de geharmoniseerde financiële markten

Bankers-Rule-The-WorldThe-Network-Of-Global-Corporate-Control1-400x266Het Duitse imago van Gründlichkeit heeft forse schade opgelopen. Na buitenlandse smeergeld affaires bij Siemens ligt nu Volkswagen onder vuur vanwege gesjoemel met emissiesoftware in miljoenen dieselauto’s. De zaak werd ontdekt door het US Environmental Protection Agency, maar inmiddels zijn ook Duitse en Franse autoriteiten strafrechtelijke onderzoeken gestart. De onderzoeken richten zich op overtredingen van de mileuregelgeving, maar het is evident dat hier ook andere vormen van organisatiecriminaliteit en fraudedelicten in het geding zijn. De Europese Commissie grijpt de affaire aan om opnieuw het belang van deugdelijke emissietests en handhaving op de agenda zetten. Dat had tot nu toe altijd op verzet gestuit, niet in de laatste plaats vanuit Duitsland. Sommigen dringen zelfs al aan op een Europese toezichthouder op de autobranche. Lees verder