Financial markets

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Opinion
Adopted on 22/09/2021
Reference: 
ECO/549-EESC-2021-02010
Plenary session: 
563 -
Sep 22, 2021 Sep 23, 2021

The EESC underscores the potential key role of the Sustainable Finance Taxonomy Delegated Regulation in creating a clear, coherent and comprehensive framework to highlight the ambitious development of a greener economy without lock-in effects. The taxonomy should build on technical criteria that clearly define the green investments that directly contribute to Europe's climate objectives.

EESC opinion: Sustainable finance taxonomy - climate change

Opinion
Adopted on 07/07/2021
Reference: 
ECO/548-EESC-2021-02011
Plenary session: 
562 -
Jul 07, 2021 Jul 08, 2021

The Own Resources Decision (ORD) entered into force on 1 June, enabling the Commission to start borrowing resources for the Next Generation EU (NGEU) recovery instrument. For the EESC, a well-functioning funding strategy is key for the smooth implementation of NGEU. Sound and sustainable funding and solid risk management are in the very interests of civil society. Moreover, borrowing and debt management has to be based on democratic control, legitimacy and transparency.

The EESC stresses how important it is that the Commission manage the funding strategy directly and does not outsource this. The massive engagement on capital markets will be accompanied with a broad set of risks. The EESC supports the establishment of solid risk-management systems and the holding of the 'NGEU account' with the ECB.

EESC opinion: NextGenerationEU funding strategy

Opinion
Ongoing (updated on 11/10/2021)
Reference: 
ECO/559-EESC-2021
Plenary session: 
565 -
Dec 08, 2021 Dec 09, 2021

Information memo: Renewed sustainable finance strategy

Downloads: 

Presentation SF Strategy - Sustainable Finance package - EESC informal meeting_24.08.2021

Presentation from DG Fisma : Strategy for Financing the Transition to a Sustainable Economy

Opinion
Adopted on 24/03/2021
Reference: 
INT/920-EESC-2020
Plenary session: 
559 -
Mar 24, 2021 Mar 25, 2021

The EESC shares the Commission's view on the strategic importance of payments and that further work is needed to enable payment transactions within the single market using new home-grown, pan-European payment solutions. It also supports the view that the Commission should act as a political catalyst, whilst it is the private sector that should design the innovative digital payment solutions. The EESC believes that relevant market players should be subject to appropriate legislation, supervision and oversight, ensuring a level playing field among those offering the same services and activities.

 

EESC opinion: Retail payments for the EU (Communication)

Opinion
Adopted on 24/02/2021
Reference: 
ECO/535-EESC-2020-04982
Plenary session: 
558 -
Feb 24, 2021 Feb 25, 2021

The EESC considers that in addressing the challenges and risks associated with digital transformation, regulation for technology providers, protecting consumers, granting access to financial services, operational resilience and security of network and information systems are crucial for creating the Digital Single Market for financial services. As concerns crypto assets, the EESC endorses the various regulatory adjustment measures envisaged which are needed to modernise financial services, without losing sight of consumer protection and prudential rules.

 

EESC opinion: Crypto assets and distributed ledger technology

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Agenda

Presentation - Mr Levin EC

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