You are here

Financial markets

Displaying 1 - 10 of 170

Pages

22/02/2018
Financial integration

While endorsing the Commission's reform proposals, the EESC calls for the principles of subsidiarity and proportionality to be applied

More integrated and strengthened financial supervision is needed to make progress towards the completion of the Capital Markets Union (CMU), the European Economic and Social Committee (EESC) urged at its plenary session in February.

05/02/2018

Further measures at national and European level needed to counter the impact of future crises

The EU Member States must urgently work on a stable, prosperous and more resilient EMU: this was one of the main conclusions of a public debate on completing the Economic and Monetary Union (EMU), hosted by the European Economic and Social Committee (EESC) on ...

19/04/2018
Adopted
Reference: 
ECO/447-EESC-2017-05601-00-00-ac-tra
Plenary session: 
534 -
Apr 18, 2018 Apr 19, 2018

The EESC welcomes the Commission's proposals as they can contribute to the various goals of the Commission, such as creating a single and integrated regulatory framework for investment firms, building stronger capital markets to promote investment, unblock existing and provide new sources of financing for companies and households, attracting investment firms to the EU after the Brexit and strengthening the Economic and Monetary Union. The EESC is pleased that SMEs are expected to be among the main beneficiaries of the Directive and the Regulation. The EESC welcomes the fact that the proposals establish the necessary norms and requirements for initial capital and existing capital, supervisory powers, publication and remuneration. These proposals could therefore contribute to risk reduction in the EU. Finally, the EESC highlights the importance to ensure the flexibility of the legal framework for investments firms.

EESC opinion: Review of the prudential rules for investment firms

18/01/2018
Adopted
Reference: 
ECO/444-EESC-2017-05444-00-00-ac-tra
Plenary session: 
531 -
Jan 17, 2018 Jan 18, 2018

The EESC notes that although economic recovery in the euro area has gathered pace since last year, it remains incomplete and atypical. It disagrees with the European Commission's proposal for an overall broadly neutral fiscal stance and instead proposes a positive fiscal stance of around 0.5% of GDP. It welcomes structural reforms that will not only increase productivity and growth potential, but also support the creation of quality jobs and reduce inequality. It supports the necessary steps for deepening the Economic and Monetary Union (EMU), as well as the measures against tax fraud and tax avoidance.

EESC opinion: Euro area economic policy 2018

14/03/2018
Adopted
Reference: 
ECO/443-EESC-2017-05496-00-00-ac-tra
Plenary session: 
533 -
Mar 14, 2018 Mar 15, 2018

The EESC welcomes the new set of measures proposed by the European Commission to complete the Economic and Monetary Union (EMU) and move towards an optimal monetary zone. The EESC supports the various proposed goals for reinforcing the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). The EESC welcomes that the present communication provides scope for a broader discussion and for a phased approach to implementing the European Deposit Insurance Scheme (EDIS) and underlines the importance not to lose momentum in implementing the Banking Union. Finally, the EESC reiterates its commitment to a diverse financial ecosystem in which the large pan-European players coexist with small and medium-sized banks and other non-banking entities that focus reliably on the financing of the real economy on an equal footing, in an environment of much reduced systemic risk.

 

EESC opinion: Completing the Banking Union (Communication)

Pages