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Othmar Karas
Othmar Karas (born 24 December 1957) is an Austrian politician who has been serving as the First Vice-President of the European Parliament since January 2022, having been a Member of the European Parliament (MEP) since 1999. He is a member of the Austrian People's Party (ÖVP), which in turn affiliates with the European People's Party. Karas sits on the European Parliament's Committee on Economic and Monetary Affairs and the Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect. Between 2012 and 2022, he was one of the vice presidents of the European Parliament. He was elected as First Vice-President on 18 January 2022. Education and early career * Manager in the banking and insurance sector (since 1981) * Magister of Philosophy, political science, University of Vienna (1996) * Master of European and International Business Law (MBL), University of St. Gallen (1997) * Doctor of Philosophy, political science, University of Vienna (2017) * Assistant Secreta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vice President Of The European Parliament
There are fourteen vice-presidents of the European Parliament who sit in for the president in presiding over the plenary of the European Parliament. Role Vice-presidents are members of the Bureau and chair the plenary when the president is not in the chair. The president may also delegate any duty, task or power to one of the vice-presidents. Three vice-presidents, designated by the Conference of Presidents, traditionally have more power than the others; the right to be on the conciliation committee.New European Conservatives group in disarray over renegade MEP ANDREW WILLIS 14 July 2009 Election The vice-presidents are elected following the election of the president, which takes place every two and a half years. There tends to be an agreement dividing up the 14 posts between the gro ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Requirements Regulation And Directive
The Capital Requirements Regulation''(EU) No. 575/2013is an EU law that aims to decrease the likelihood that banks go insolvent. With the Credit Institutions Directive 2013 the Capital Requirements Regulation 2013 (CRR 2013) reflects Basel III rules on capital measurement and capital standards. Previous rules were found in the Capital Requirements Directives (2006/48 and 2006/49). Together the new rules are sometimes referred to in the media as the “CRD IV” package. It applies from 1 January 2014. This is the third set of amendments to the original directives, following two earlier sets of revisions adopted by the Commission in 2008 (CRD II) and 2009 (CRD III). Rationale The financial crisis has shown that losses in the financial sector can be extremely large when a downturn is preceded by a period of excessive credit growth. The financial crisis revealed vulnerabilities in the regulation and supervision of the banking system at European and global level. Institutions ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rapporteur
A rapporteur is a person who is appointed by an organization to report on the proceedings of its meetings. The term is a French-derived word. For example, Dick Marty was appointed ''rapporteur'' by the Parliamentary Assembly of the Council of Europe to investigate extraordinary rendition by the CIA. Rapporteur of the European Parliament The ''rapporteur'' is an eminent role in the legislative process of the European Parliament (EP). They are a Member of the European Parliament (MEP) responsible for handling a legislative proposal – both procedurally and with regard to its substance – on behalf of the European Commission, the Council of the European Union or the EP. Based on the relevant proposal, the ''rapporteur'' is appointed by the relevant Committees of the European Parliament charged with drawing up a legislative recommendation for the EP to vote on. The ''rapporteur'', therefore, has a substantial influence in the process leading to the adoption of EU-legislation. Their ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law. History In the early modern period, the Dutch were the pioneers in financial regulation. The first recorded ban (regulation) on short selling was enacted by the Dutch authorities as early as 1610. Aims of regulation The objectives of financial regulators are usually: * market confidence – to maintain confidence in the financial system * financial stability – contributing to the protection and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Parliament Committee On The Internal Market And Consumer Protection
The Committee on the Internal Market and Consumer Protection (IMCO) is a committee of the European Parliament. Work of the committee The committee is responsible for: * coordination at Community level of national legislation in the sphere of the internal market and of the customs union, in particular: ** the free movement of goods including the harmonization of technical standards ** the right of establishment ** the freedom to provide services (other than in the financial and postal sectors) * measures aiming at the identification and removal of potential obstacles to the functioning of the internal market; * the promotion and protection of the economic interests of consumers (other than public health and food safety issues) in the context of the establishment of the internal market. 8th European Parliament (2014–19) The committee chair, elected in June 2017, is Anneleen Van Bossuyt (ECR, Belgium). She replaces Vicky Ford (ECR, UK), who resigned after being elected national ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Committee On Economic And Monetary Affairs
The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. Since the establishment of the Economic and Monetary Union (EMU), one of the most important function of this committee has been the oversight of the European Central Bank (ECB) through the "monetary dialogue". Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. Every three months, the President of the ECB, or occasionally another member of the ECB's executive board, appears before the Committee to report on monetary policy and answer question from MEPs. These proceedings, usually called the "monetary dialogue", are webstreamed and a transcript is made available ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1999 European Parliament Election In Austria
The 1999 European Parliament election in Austria was the election of the Members of the European Parliament, delegation from Austria to the European Parliament in 1999. Results References {{DEFAULTSORT:European Parliament Election, 1999 (Austria) 1999 European Parliament election, Austria European Parliament elections in Austria 1999 elections in Austria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Council (Austria)
The National Council (german: Nationalrat) is one of the two houses of the Austrian Parliament and is frequently referred to as the lower house. The constitution endows the National Council with far more power than the Federal Council. Responsibilities The National Council is where Austria's federal legislative authority is concentrated; for a bill to become federal law, it must be resolved upon by this chamber. Bills passed by the National Council are sent to the Federal Council for corroboration. If the Federal Council approves of the bill or simply does nothing for eight weeks, the bill has succeeded. If the Federal Council vetoes the bill, the National Council may still force it into law by essentially just passing it again; a National Council resolution overruling a Federal Council objection merely has to meet a higher quorum than a regular resolution. In other words, the Federal Council does not have any real power to prevent adoption of legislation, the National Council ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Democrat Union
The European Democrat Union (EDU) is one of the three European wings of the International Democrat Union, along with the European People's Party (EPP) and the Alliance of Conservatives and Reformists in Europe (ACRE). Its members include Christian democratic, liberal conservative, and conservative political parties. It is only a nominal sub-entity of the IDU, since it ceased its activities in 2002. Most EDU members were also members of the EPP, but the group also included 'unattached' conservatives that are unaffiliated to the EPP. These were: the British Conservative Party, the Czech Civic Democratic Party, the Icelandic Independence Party, and the Liechtenstein Patriotic Union and Progressive Citizens' Party. In the late 1990s, the last Chairman of an independent EDU, Finnish conservative politician Sauli Niinistö Sauli Väinämö Niinistö (; born 24 August 1948) is a Finnish politician who has served as president of Finland since March 2012, the 12th person to hold that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uniqa Insurance Group
The Uniqa Insurance Group AG (corporately styled "UNIQA") is one of the largest insurance groups in its core markets of Austria and Central and Eastern Europe and has approximately 40 companies in 22 countries and serve about 10.5 million customers. The corporate headquarters is located in the Uniqa Tower in Vienna, Austria and is listed on the Vienna Stock Exchange. History Uniqa is established in 1999. In 2000, Uniqa continues its policy of expansion abroad and acquires companies in Italy, Poland, Austria, Hungary, Liechtenstein, Slovakia, the Czech Republic, Romania, Slovenia, Bosnia and Herzegovina, Bulgaria, Ukraine, Serbia, North Macedonia, Kosovo, Albania, Montenegro, Russia, Spain, Lithuania, Germany and Croatia. On 1 July 2011, a new management board team headed by Andreas Brandstetter takes over at the Uniqa Insurance Group. The new team develops a new growth strategy and begins to implement it. In April 2012, the Uniqa Group sells its majority interest in the Germa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Parliament Committee On Economic And Monetary Affairs
The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. Since the establishment of the Economic and Monetary Union (EMU), one of the most important function of this committee has been the oversight of the European Central Bank (ECB) through the "monetary dialogue". Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. Every three months, the President of the ECB, or occasionally another member of the ECB's executive board, appears before the Committee to report on monetary policy and answer question from MEPs. These proceedings, usually called the "monetary dialogue", are webstreamed and a transcript is made available ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
