The present opinion seeks to assess the Rio+20 conference in the light of the EESC's proposals and to identify prospects for follow-up measures. The EESC was heavily involved in the preparations for the 2012 UN conference on sustainable development (Rio+20). The success of this conference will become clear solely by means of follow-up measures at local level. The additional opinion aims to take stock of the conference and to set priorities for the future.
Download — EESC Opinion: Rio+20 - Current situation and future prospects (additional opinion)
The Commission has published a Green Paper to discuss ways to regulate the shadow banking sector, an essential source of liquidity outside the regular banking system.
The EESC believes the players in the sector that include hedge funds, money market funds and structured investment vehicles should be subject to the very same regulatory and prudential requirements as the financial system as a whole.
The Committee insists the entire financial sector must assume social responsibility by moving beyond mere speculation and by serving economic growth.
