536th Plenary Session, 11-12 July 2018 - Related Opinions
The EESC supports the Commission's Fin Tech Action Plan and considers that the development of FinTech can deliver a number of benefits to both European businesses and their clients. Measures included in the action plan on improving cyber security and the resilience of the financial sector are important, but should be supplemented by rules to ensure uniformity in the development of FinTech in the EU. Similarly, the Committee believes that the level of regulation for FinTech should be equivalent to that in the financial sector.
The EESC calls on the Commission to identify possible rules for companies offering cloud services with regard to their responsibility for securing the data they host.
The key message of the opinion is that transforming the energy system towards carbon-free, decentralised and digitalised supply offers enormous opportunities, in particular for structurally weak and rural regions in Europe. The development of renewable energy (RE) can have a major and beneficial impact on employment, and can be configured so as to provide a completely new stimulus for the regional economy. There is therefore potential for mutually reinforcing the positive effects of Europe's energy and cohesion policies. The European Economic and Social Committee (EESC) finds it regrettable that both the Commission and the Member States have yet to properly recognise this potential, let alone exploit it.
The revision of Council Directive 98/83/EC on the quality of water intended for human consumption is also part of the plan to transition to a circular economy. The revised proposal will help Member States manage drinking water in a resource-efficient and sustainable manner, thereby helping to reduce energy use and unnecessary water loss. It will also help reduce the number of plastic bottles.
Transport is a vital enabler of several SDGs. It contributes strongly to the SDGs regarding economic development, industry and SMEs, as well as trade and investment. Consequently, it also helps achieve the SDGs that aim to promote employment and well-being, and to reduce inequalities and exclusion. Meanwhile, transport presents many challenges with respect to the SDGs, such as the need to reduce climate and environmental impacts, to improve transport systems and traffic safety, and to manage concerns related to jobs and decent work.
The EESC calls on the Commission to prepare a new, integrated policy framework for the next generation of transport policy. Moreover, it calls on the Commission to assess the SDG indicators from the transport point of view and to enhance the development of indicators that are relevant, give a realistic and informative picture of developments, and are in line with the integrated approach.
The EESC welcomes the Commission's package, a centrepiece in the EU offensive to address the persisting issue of NPLs and fundamental to progress towards the Banking Union. The EESC agrees with the application of statutory prudential backstops as a preventive measure to ensure that credit losses on future NPLs are sufficiently provisioned but warns against a "one size fits all" approach. The Committee recognises that the Commission gives an answer to many of the problems of fragmented NPLs secondary markets in the EU, however, the Committee is of the view that regulators must not encourage the sale of NLPs. The EESC welcomes that the right to a fair trial in a national court is ensured if it is necessary and if the application of the out-of-court procedure as proposed in the directive is restricted.
The digitalised world of work will necessitate proper transition management – not only from the side of enterprises, but also from that of human capital.
On the one hand, enterprises have to identify and assess the new needs and draw up and implement plans for controlling the risks and reducing the costs of the transition; employees, on the other hand, should be provided with appropriate guidance and training, so that they can adapt to the new reality and be able to seize the opportunities offered and thrive.
Another aspect to be taken into consideration in the digitalised world of work is the use of data. Thanks to digital technologies and data, the evolution of trends is better understood and targeted support can be proposed to individuals; yet the use of these digital data should be regulated.
The opinion will build on the work already carried out by the Committee on the future of work.
The EESC strongly welcomes the proposals to create an enabling framework for crowdfunding. The Committee therefore calls for swift action in order to achieve a successful outcome, particularly as it fits into a broader framework that is of particular interest to the Committee. The EESC also welcomes the fact that the financing of small, young and innovative enterprises has been taken into consideration. Crowdfunding is an important part of their funding escalator, particularly when they move from a start-up to an expansion phase and traditional financing is not always available. It is very positive that, to this end, use is being made of innovative products and solutions supported by modern technology, meaning that this forward-looking proposal also forms part of the implementation of a digital single market. The proposal also adds a cross-border dimension, which contributes to the effective integration and deepening of capital markets.
Women with disabilities constitute 16% of the total population of women in Europe, which means in the EU there are approximately 40 million women and girls with disabilities.
Women with disabilities face intersectional discrimination in all areas of life, including, socio-economic disadvantages, social isolation, violence against women, forced sterilisation and abortion, lack of access to community services, low-quality housing, institutionalisation, inadequate health care and denial of the opportunity to contribute and engage actively in society.