The Commission has published a Green Paper to discuss ways to regulate the shadow banking sector, an essential source of liquidity outside the regular banking system.
The EESC believes the players in the sector that include hedge funds, money market funds and structured investment vehicles should be subject to the very same regulatory and prudential requirements as the financial system as a whole.
The Committee insists the entire financial sector must assume social responsibility by moving beyond mere speculation and by serving economic growth.
Digital agenda in general is one of the tools to address the current crisis. E-procurement specifically brings modernisation, innovation and less market fragmentation. The EESC opinion gives in-depth analysis of the current state in the MS, puts forward concrete solutions and gives an objective judgement of the EC strategy for e-procurement.
The opinion is interesting to national and local public administrations and to the private sector as well.
The EESC calls for greater relevance to be given to economic, social and cultural rights, in particular to the protection of labour standards enshrined in the ILO Conventions which it considers a key pillar to democracy development.
Download — Financing instrument for the promotion of democracy and human rights worldwide
