The Committee maintains that lessons need to be learned from recent economic and financial crises and a fresh approach adopted to ensure more effective supervision by national, European and international authorities and increased accountability of financial institutions.
The Committee supports the measures aimed at strengthening banks' capital structure and their ability to finance the economy.
What changes for Europe's banking sector with the new financial rules?
The opinion makes a contribution to analysis and proposals on an issue that the European institutions should deal with more energy, cohesion and above all with a clear and definite will to eradicate the phenomenon.
The EESC welcomes the Commission proposal but highlights the fact that it can only be one component of dedicated financial instruments for social businesses. The Committee reminds the Commission that some elements of the proposal have to be clarified in order to allow such funds to be successful, both for the financial community and for the final beneficiaries.
EESC opinion: European Social Entrepreneurship Funds
The opinion deals with European Venture Capital sector, which is closely linked to Europe's global competitiveness. The growth of this sector is an objective of the overall Europe 2020 Strategy and also one of the key priorities of the SME action plan. The EESC welcomes the regulation but draws attention to several limitations, which may weaken the anticipated impact.
The EESC is fully supportive of the revised directive and it finds much in the regulation which it can support. The EESC has a major concern about the applicability of the regulation to SMEs and it recommends that the more radical proposals be revised.
EESC opinion: Annual accounts and consolidated accounts - Audit - public interest entities
