The EESC issues between 160 and 190 opinions and information reports a year.
It also organises several annual initiatives and events with a focus on civil society and citizens’ participation such as the Civil Society Prize, the Civil Society Days, the Your Europe, Your Say youth plenary and the ECI Day.
The EESC brings together representatives from all areas of organised civil society, who give their independent advice on EU policies and legislation. The EESC's326 Members are organised into three groups: Employers, Workers and Various Interests.
The EESC has six sections, specialising in concrete topics of relevance to the citizens of the European Union, ranging from social to economic affairs, energy, environment, external relations or the internal market.
welcomes the proposals to establish a system of "simple, transparent and standardised" securitisation (STS securitisations) and to amend the framework in respect of prudential requirements for credit institutions and investment firms;
calls for action on this in the short term that should enable significant additional resources to be generated for bank funding. That is very important, for SMEs and households in particular;
feels that bank funding and market-based funding should be considered complementary rather than competing and developed hand in hand;
wants the rules to be sufficiently broadand and the STS criteria be realistic and feasible for all banks, both the large banks and the small local banks, which are involved in issuing bank loans;
wants that securitisation be equally attractive to investors. There should be clarity as to the risk involved and who bears that risk, taking account of the whole chain from the issuer to the investor;
feels that the important thing now is that the mistakes of the past are not repeated;
concurs with the view that small investors and consumers should not have access to securitisation due to the complexity and risk involved. The Committee calls for a formal prohibition to be explicitly included in the texts.
The Capital Markets Union Package - European Parliament