Amendment to the Benchmark Regulation - Related Opinions

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Sustainable Finance: Taxonomy and Benchmarks

Vastuvõetud arvamused on 17/10/2018
Viide: 
ECO/467-EESC-2018-02767-00-00
Referral: 
COM(2018) 353 final 2018/0178 CODCOM(2018) 355 final 2018/0180 CODCOM(2018) 355 final 2018/0180 COD
Rapporteur: 
Daniel MAREELS (Belgium)

The EESC supports the Commission's Action Plan on financing sustainable growth, aimed at reorienting capital flows towards sustainable investment, and welcomes the legislative proposals stemming from it, on fiduciary duties, a taxonomy and benchmarks. The proposed gradual approach for its implementation, beginning with the work on a European sustainability taxonomy, is preferable. However, a subsequent extension of the initial taxonomy, based on environmental aspects, to social sustainability and governance goals will be necessary. Attention should be paid to the feasibility and proportionality of legal obligations.

 

EMSK arvamus: Sustainable Finance: Taxonomy and Benchmarks

Non-performing loans package

Vastuvõetud arvamused on 11/07/2018
Viide: 
ECO/451-EESC-2018-01109-00-00-ac-tra-en
Referral: 
COM(2018) 134 final 2018/0060 CODCOM(2018) 135 final 2018/0063 COD
Rapporteur: 
Juan MENDOZA CASTRO (Spain)

The EESC welcomes the Commission's package, a centrepiece in the EU offensive to address the persisting issue of NPLs and fundamental to progress towards the Banking Union. The EESC agrees with the application of statutory prudential backstops as a preventive measure to ensure that credit losses on future NPLs are sufficiently provisioned but warns against a "one size fits all" approach. The Committee recognises that the Commission gives an answer to many of the problems of fragmented NPLs secondary markets in the EU, however, the Committee is of the view that regulators must not encourage the sale of NLPs. The EESC welcomes that the right to a fair trial in a national court is ensured if it is necessary and if the application of the out-of-court procedure as proposed in the directive is restricted.

EMSK arvamus: Non-performing loans package

Review of the prudential rules for investment firms

Vastuvõetud arvamused on 18/04/2018
Viide: 
ECO/447-EESC-2017-05601-00-00-ac-tra
Referral: 
COM(2017) 790 final 2017/0359 CODCOM(2017) 791 final 2017/0358 COD
Rapporteur: 
Jarosław MULEWICZ (Poland)

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.

EMSK arvamus: Review of the prudential rules for investment firms

Completing the Banking Union (communication)

Vastuvõetud arvamused on 14/03/2018
Viide: 
ECO/443-EESC-2017-05496-00-00-ac-tra
Referral: 
COM(2017) 592 final
Rapporteur: 
Carlos TRIAS PINTÓ (Spain)
Co-rapporteur: 
Daniel MAREELS (Belgium)

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.

 

EMSK arvamus: Completing the Banking Union (communication)

Amendment to the Capital Requirements Regulation (CRR) to incorporate modifications to the BASEL framework and findings from various reviews required under CRR. (working title)

Vastuvõetud arvamused on 30/03/2017
Viide: 
ECO/424-EESC-2016-06799-00-00-ac-tra
Referral: 
COM(2016) 850 final 2016/0360 CODCOM(2016) 850 final 2016/0360 CODCOM(2016) 851 final 2016/0361 CODCOM(2016) 852 final 2016/0362 CODCOM(2016) 854 final 2016/0364 COD
Rapporteur: 
Daniel MAREELS (Belgium)

The EESC very much welcomes the Commission’s package of proposals and hopes that it will contribute effectively to complementing the work done after the crisis to reform the financial sector. The Committee welcomes the underlying holistic and integrated approach and believes that the proposed measures will undoubtedly help strengthen Europe’s prudential and resolution framework for banks. The Committee also these proposals will enable progress to be made not only in further advancing the Banking Union, but also in implementing its third pillar, the European Deposit Insurance Scheme and that certain specific adjustments in the proposals should facilitate the pursuit of a Capital Markets Union.

EMSK arvamus: Amendment to the Capital Requirements Regulation (CRR) to incorporate modifications to the BASEL framework and findings from various reviews required under CRR. (working title)

Downloads: 

EESC insists on proportionality of banking prudential rules (Agence Europe - 31.3.2017)

Banking Union Package

Vastuvõetud arvamused on 15/11/2012
Viide: 
ECO/339-EESC-2012-2048
Referral: 
COM(2012) 512 final - 2012/0244 (COD)
Rapporteur: 
Carlos Trias Pintó (Diversity Europe - GR III / Spain)
Täiskogu istungjärk: 
484 -
Nov 14, 2012 Nov 15, 2012

The EESC welcomes a banking union to place the banking sector on a more sound footing and restore confidence in the euro as part of a longer-term vision for economic and fiscal integration. Shifting the supervision of banks to the European level is a key part of this process, which must subsequently be combined with other steps such as a common system for deposit protection, and integrated bank crisis management. A banking union would represent a step towards the euro zone and the EU as a whole embarking on a virtuous cycle overcoming its design flaws and enabling the single market to regain competitiveness.

Banking Union Package

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