The rules of Solvency II, the 2009 EU regulatory framework for insurance firms, have proved their worth but need to be adapted to new circumstances. In an opinion adopted at its plenary session on 23 February, the European Economic and Social Committee (EESC) welcomed the initiative of the European Commission (EC) to revamp Solvency II. The Committee stresses the considerable interest of civil society in ensuring the stability of the financial sector, and therefore calls for sound capital requirements and risk preparedness in the insurance sector.
Stakeholders stressed the importance of cohesion policy and the need for appropriate and effective funding
The condition of the European economy, completing the Single Market, trade and Brexit – these are the top issues for European employers' organisations in the forthcoming months. On 29 March 2017, the Directors-General and Secretaries-General of BusinessEurope, EuroCommerce and Copa-Cogega presented their priorities and debated with the members of the EESC Employers' Group.
Officious transposition of the EU law at the national level undermines Single Market, increases costs and hinders development. Numerous governments of Member States use transposition process as an opportunity to address domestic political issues which results with "goldplating". This unfavorable tendency has negative impact on business and should be avoided by all possible means. Good regulation, consistent and stable legal framework, both at the national and the European level is what business counts on - these are some of the conclusions of the conference "Transposition of the European law – the key challenge to business activity", that took place on 6 December 2016 in Zagreb, Croatia.
The exploratory opinion on the Regulatory Fitness and Performance Program (REFIT) (Rapporteur: Mr. Denis Meynent), was adopted by the EESC at its plenary on 26 May 2016. This opinion follows a direct request from the First Vice President of the European Commission, Mr Timmermans, as the EESC is considered to be well-placed to assess the costs and benefits of the current rules for stakeholders and to suggest REFIT priorities - in particular in the ...
The European Economic and Social Committee held a plenary debate on the role of finance and public recovery policies in promoting gender equality and the economic empowerment of women in the EU. The discussion was linked to the adoption of two opinions: one on a gender-based approach to budgeting and investing and the other on how Member States can improve the way in which the direct and indirect measures proposed in their Recovery and Resilience Plans (RRPs) affect gender equality.
The European Economic and Social Committee (EESC) and the European Commission unveiled an updated Protocol on Cooperation. The document further consolidates and intensifies the political and legislative cooperation between the two organisations, as well as their joint efforts to communicate about Europe.
The European Economic and Social Committee (EESC) held a conference on the prospects for the European economy in times of crisis. The event gathered high-level policy-makers, civil society representatives and economic researchers to see how the EU can tackle new dilemmas posed by low-growth prospects and record-high levels of inflation. All agreed that the war in Ukraine has only aggravated trends that have been going on for years.
The EESC held a debate in plenary on the growing importance of organised civil society and cities in Europe's ability to face asymmetric shocks and unforeseen crises. This was linked to the adoption of two opinions, on Flexible Assistance to Territories (FAST-CARE) and on the Ljubljana Agreement on the Urban Agenda of the EU. The Committee welcomes both initiatives, but finds they miss the bar in terms of properly empowering and involving organised civil society.
The European Economic and Social Committee is calling on the European Commission to carry out more targeted impact assessments of its proposals for new EU budget funding sources to repay NextGenerationEU debt. The EESC generally agrees with the proposed EU "own resources" revenues for the budget. However, they need to be stable and fair – and should not burden households or businesses.