The EESC supports the objectives of the Commission's package on securitisation, and recommends to ensure that the freed-up capital is used to fund the real economy, introduce safeguards for consumers and investors, guarantee financial stability, and avoid weakening, to the extent possible, international standards.
Among the measures to make it possible, the EESC recommends a two-years reporting period, the introduction of a fast-track mechanism, taking additional measures to preserve the long-term relationship between lenders and borrowers, and introducing social, environmental and governance information in the revised reporting templates.
Clean technologies are projected to continue expanding in turnover, investments and jobs. Thanks to ambitious climate targets, the EU is a global leader in high-value inventions and was an early mover in developing a cleantech production base. However, it has lost technological leadership in several sectors and its manufacturing base is eroding.
