Financial markets

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  • Adopted on 14/02/2024 - Bureau decision date: 24/10/2023
    Reference
    ECO/635-EESC-2023
    Civil Society Organisations - GR III
    Poland
    Plenary session number
    585
    -

    Reporting requirements are key for the enforcement and monitoring of legislation, but can also lead to burdens on stakeholders. The European Commission, under the REFIT programme, is proposing to streamline reporting obligations and reducing administrative burdens with regards to financial services, the InvestEU programme and certain benchmarks, while allowing the reuse of data for innovation and research purposes.

    EESC opinion: Improving benchmarks and reporting requirements in financial services and investment support
  • Ongoing (updated on 29/02/2024) - Bureau decision date: 18/01/2024
    Reference
    ECO/644-EESC-2024-00531
    Workers - GR II
    Malta
    Employers - GR I
    Spain
    Plenary session number
    590
    -

    Securitisation is the process of transforming a batch of debts into a marketable security, that is backed by the original debts. This process can increase the availability of credit, increasing investment and supporting economic growth in a way that increases competitiveness and improves labour market.

    This own-initiative opinion will present a thorough description of the challenges and opportunities that come with securitisation, and provide concrete policy proposals for a possible future revision of the securitisation regulation.

  • Adopted on 17/01/2024 - Bureau decision date: 24/10/2023
    Reference
    ECO/633-EESC-2023-04821
    Employers - GR I
    Greece
    Plenary session number
    584
    -
    EESC opinion: Euro area economic policy 2024
  • Adopted on 13/12/2023 - Bureau decision date: 25/01/2023
    Reference
    ECO/615-EESC-2023-00763
    Employers - GR I
    Spain
    Plenary session number
    583
    -
    EESC opinion: The strategic importance of the EU financial sector – How to improve assessment and evaluation
  • Adopted on 25/10/2023 - Bureau decision date: 23/03/2023
    Reference
    ECO/619-EESC-2023
    Employers - GR I
    Cyprus
    Plenary session number
    582
    -
    EESC opinion: Additional considerations on the Euro area economic policy 2023
  • Adopted on 13/07/2023 - Bureau decision date: 25/01/2023
    Reference
    ECO/611-EESC-2023-00679
    Workers - GR II
    Romania
    Plenary session number
    580
    -
    EESC opinion: The economics of an "EU Blue deal"
  • Adopted on 13/07/2023 - Bureau decision date: 13/12/2022
    Reference
    ECO/608-EESC-2022-2022-06298
    Civil Society Organisations - GR III
    Italy
    Workers - GR II
    France
    Plenary session number
    580
    -

    The EESC opinion, that covers the Commission proposal and the request from the Spanish Presidency of the Council, endorses the reform. However, it notes the need to strike a balance between flexibility and predictability in its implementation, as well as a balanced and proportional public interest assessment to avoid damaging the interest of smaller and local entities.

    EESC opinion: Review of the Bank crisis management and deposit insurance framework
  • Adopted on 14/06/2023 - Bureau decision date: 23/01/2023
    Reference
    ECO/617-EESC-2023
    Workers - GR II
    Malta
    Plenary session number
    579
    -

    The EESC emphasises that the designing of proposals for new sources of own revenues should be done in context of the budgetary pressures faced by Member States following the pandemic and the ongoing international tensions. This has become all the more important in the current higher interest rate environment. The EESC also emphasises that the second set of own resources measures should be in line with the proportionality and social fairness principles. An EU-wide tax on digital transactions could be potentially considered to increase own resources in case the agreed rules of the OECD/G20 Inclusive Framework are not respected by other major trading partners.

    EESC opinion: Second set of new own resources
  • Adopted on 22/03/2023 - Bureau decision date: 25/10/2022
    Reference
    ECO/602-EESC-2022-05409
    Civil Society Organisations - GR III
    Lithuania
    Plenary session number
    577
    -

    The EESC underlines that increased equity funding for European companies is key and therefore strongly welcomes the Listing Act proposed by the Commission. Bringing family-owned companies to capital markets would open up untapped potential to attract capital for growth. In this context, a multiple-voting rights regime helps families to retain control, making listing more attractive to them, and streamlining the contents of a prospectus would significantly reduce costs and burden for issuers.

    EESC opinion: Listing rules for public markets (Listing act)
  • Adopted on 22/03/2023 - Bureau decision date: 25/10/2022
    Reference
    ECO/601-EESC-2022
    Workers - GR II
    Romania
    Plenary session number
    577
    -
    EESC opinion: Review of the European Market Infrastructure Regulation (EMIR)