The European Economic and Social Committee backs increased regulation of crypto-assets, with robust, coherent rules to better protect investors across the EU in line with current measures applied to traditional financial services.
In an opinion adopted during its March plenary, the European Economic and Social Committee (EESC) welcomed the European Commission (EC) proposal to implement the remaining elements of the Basel III international standards in the EU. The aim is to strengthen the resilience of the banking sector while ensuring that it continues to finance economic activity and growth. But the EESC also calls on the EC to find a proper balance between faithful implementation, and the need to reflect the specificities of the EU economy and banks.
EESC plenary debate with Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union
8 December 2021
Just before the summer break, Commissioner Mairead McGuinness joined an extraordinary meeting of the Diversity Europe Group of the EESC to debate the role of finance and banking in Europe's recovery.
The European Economic and Social Committee (EESC) welcomes the Commission's new Action Plan on non-performing loans, but believes that it lacks new proposals fit for COVID-19 times, leaving Europe to face an extraordinary time with rules written for ordinary times.
- European Green Deal must lead to more economic prosperity and convergence
- Sustainable growth must be a top priority
- Measures to close the investment gap are essential
The EESC draws forward-looking conclusions from the 2019 Semester and the Committee's civil society consultations in the Member States