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.
Opinions with Workers' Group members as rapporteur/co-rapporteur/rapporteur-general
With this opinion, the EESC welcomes the proposal since it strikes a balance between the need to develop technologies with a low environmental impact (Euro 5 type-approval step) and the actual ability of some companies to introduce these within the stipulated timeframe (technical feasibility).
For the EESC this legislation will have a beneficial effect on the costs to companies and, consequently, on those borne by consumers. Moreover, the EESC is in favour of renewing the Commission's power to adopt delegated acts for a further period of five years.
The EESC supports the Commission's Fin Tech Action Plan and considers that the development of FinTech can deliver a number of benefits to both European businesses and their clients. Measures included in the action plan on improving cyber security and the resilience of the financial sector are important, but should be supplemented by rules to ensure uniformity in the development of FinTech in the EU. Similarly, the Committee believes that the level of regulation for FinTech should be equivalent to that in the financial sector.
The EESC calls on the Commission to identify possible rules for companies offering cloud services with regard to their responsibility for securing the data they host.
The digitalised world of work will necessitate proper transition management – not only from the side of enterprises, but also from that of human capital.
On the one hand, enterprises have to identify and assess the new needs and draw up and implement plans for controlling the risks and reducing the costs of the transition; employees, on the other hand, should be provided with appropriate guidance and training, so that they can adapt to the new reality and be able to seize the opportunities offered and thrive.
Another aspect to be taken into consideration in the digitalised world of work is the use of data. Thanks to digital technologies and data, the evolution of trends is better understood and targeted support can be proposed to individuals; yet the use of these digital data should be regulated.
The opinion will build on the work already carried out by the Committee on the future of work.
The aim of this Communication is to promote a broad discussion in the Union on how the major elements identified at the interface between chemicals, product and waste legislation can be addressed.
The EESC welcomes the Commission’s proposals and recommends that they be swiftly adopted and implemented by the Member States. The Committee agrees with the Commission's proposal to allow Member States to use two reduced VAT rates and recommends that the Member States continue to apply reduced rates to certain classes of goods and services of general interest.
The EESC supports transparent and predictable working conditions for all workers, including in atypical employment, as a concrete step towards implementing the European Social Pillar. The definition of worker and employer should be clarified in the Commission's proposal and on-demand workers be guaranteed a minimum number of hours or pay. The EESC finds the provisions relating to minimum requirements relating to working conditions acceptable, but recommends clarification of certain aspects, recommending a strong role for social dialogue and that responsibility be left up to the national level.