The Economic and Monetary Committee urged Commissioner McGuinness to push EU countries to complete the Capital Markets Union and the Banking Union.
MEPs
voiced their concerns that the EU’s capital markets are currently too
fragmented to allow SMEs or small investors to make use of their money
and invest in a sustainable way, during the Commission’s presentation of
a new Capital Markets Union Package.
They underlined that EU investors should
be able to access clear information about how sustainable their
investment is. In addition, MEPs remarked on the lack of measures in the
package to reduce fees and costs for retail investors.
MEPs urged Commissioner McGuinness to push the member states to make progress in the unfinished Banking Union and complete the European deposit insurance scheme.
Ms McGuinness stated that the completion
of the Banking Union would result in a resilient banking sector and
increase citizens’ trust in the system, but the member states were not
making the progress they should have. She hoped that, next week,
Eurogroup talks could pave the way forward.
ECON
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