In this opinion, the EESC fully supports the priorities identified by the Commission and reiterates the need for a cohesive European response. The EESC also stresses that removing barriers is key and that regulatory simplification must take place with full respect for social and workers’ rights. Finally, it calls on the Commission to put forward legislative proposals to address regional supply constraints.
The EESC supports the objectives of the Commission's package on securitisation, and recommends to ensure that the freed-up capital is used to fund the real economy, introduce safeguards for consumers and investors, guarantee financial stability, and avoid weakening, to the extent possible, international standards.
Among the measures to make it possible, the EESC recommends a two-years reporting period, the introduction of a fast-track mechanism, taking additional measures to preserve the long-term relationship between lenders and borrowers, and introducing social, environmental and governance information in the revised reporting templates.
The EESC opinion looks into how industry practices influence public health and contribute to the rise of non-communicable diseases, aiming to identify barriers to effective policies and propose stronger preventive measures.
