Activities of Ivan JAKOVČIĆ related to 2016/2032(INI)
Plenary speeches (1)
Access to finance for SMEs and increasing the diversity of SME funding in a Capital Markets Union (A8-0222/2016 - Othmar Karas) HR
Amendments (6)
Amendment 9 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Points out key factors enabling SMEs to develop, such as business-friendly environment, modern infrastructure, the existence of technologically advanced sectors of the economy and a highly qualified workforce; believes, therefore, that Capital Markets Union initiatives should be prepared in such a way as to lower the transaction costs of raising capital and to reach the micro-enterprises group, which is both the largest and the one with the weakest links to capital markets;
Amendment 33 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls on the Commission and, on Member States and on regions to provide a clear and stable legal environment, and to guarantee coordination, consistency and synergies between financial instruments and programmes which support SMEs, such as the European Structural and Investment Funds (ESI funds), Horizon 2020 and COSME; welcomes the Juncker investment plan, and draws SMEs' attention to the opportunities offered by the European Fund for Strategic Investment (EFSI);
Amendment 41 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Believes that regulatory proposals connected to the Capital Markets Union should not lead to excessive regulatory burdens on SMEs or limiting the benefits this sector could reap as a result of creating a single capital market;
Amendment 57 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Stresses that regional and local banks have an important role to play in financing SMEs because they have better knowledge of the local and regional economies and unique methods of assessing credit risk of local businesses;
Amendment 59 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Emphasises that increased competition for the banking sector is a necessary step towards decreasing its domination in providing sources of financing in the EU, particularly for the SME sector; calls therefore for eliminating the barriers that limit this competition on the part of non-banking entities and for financial instruments, new players and innovation from outside the financial sector, as well as for legislative initiatives in this area;
Amendment 65 #
Draft opinion
Paragraph 5
Paragraph 5
5. Notes that, setting aside the issue of their size, each SME is different and there are many factors which determine their needs and the ease with which they can obtain funding, such as where they are based, especially underlining the difficult circumstances in rural and sparsely populated areas, the business sector in which they operate and the stage they have reached in their development; calls on the Commission, Member States and regional authorities to take these factors into account in coming up with tailor-made financing arrangements which in particular exploit the scope for combining subsidies and funding instruments.