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Prijaté on 11/05/2005
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May 11, 2005 May 12, 2005

Money laundering


On 23 March, the European Economic and Social Committee adopted two opinions on the Commission's latest proposals to further develop the EU's Capital Markets Union. Regarding the Listing Act, the Committee recommends that the full listing documentation be published in the national languages to empower local retail investors and help the development of a national retail investment base.


In an opinion adopted during its March plenary, the European Economic and Social Committee (EESC) welcomed the European Commission (EC) proposal to implement the remaining elements of the Basel III international standards in the EU. The aim is to strengthen the resilience of the banking sector while ensuring that it continues to finance economic activity and growth. But the EESC also calls on the EC to find a proper balance between faithful implementation, and the need to reflect the specificities of the EU economy and banks.