The EESC welcomes the proposals to establish a system of "simple, transparent and standardised" securitisation (STS securitisations), that should enable significant additional resources to be generated for bank funding. That is very important, for SMEs and households in particular. 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. It is important now is that the mistakes of the past are not repeated. 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.
You are here
Opinions in the spotlight
The EESC recognizes the importance of a new energy market design for achieving the ambitious climate-related policy goals of the European Union, most notably the expansion of renewable energy. The Committee acknowledges that many of the measures proposed by the European Commission in its Communication, such as the establishment of intraday markets or the removal of market-distorting national regulations, are steps in the right direction. However, the EESC would like the Commission to be more ambitious, in particular in terms of ensuring that energy prices become more transparent and reflect actual generation and external costs, consumers receiving adequate information and resources to become active market participants, and obstacles to market access for emerging local 'prosumers' being identified and removed.
The EESC wishes to draw up an opinion on the revision of the agreement with Mexico, paying special attention to civil society participation in the process, i.e. consultations during the negotiations and monitoring implementation of the new agreement following its entry into force.