Activities of Gunnar BECK related to 2020/2036(INI)
Plenary speeches (1)
Digital Finance: emerging risks in crypto-assets - regulatory and supervisory challenges in the area of financial services, institutions and markets - Further development of the Capital Markets Union (CMU): improving access to capital market finance, in particular by SMEs, and further enabling retail investor participation (debate)
Shadow reports (1)
REPORT on further development of the Capital Markets Union (CMU): improving access to capital market finance, in particular by SMEs, and further enabling retail investor participation
Amendments (20)
Amendment 10 #
Motion for a resolution
Recital A
Recital A
A. whereas all actions taken to create a Capital Markets Union (CMU) should have improving the range ofand diversifying stable and sustainable financing options offered to companies and citizens, as well as a greater range of more attractive investment offers, as their objective, while safeguarding economic stability and minimizing financial risk;
Amendment 25 #
Motion for a resolution
Recital B
Recital B
B. whereas the actions taken so far to achieve the CMU are moving in the right direction; whereas much work nevertheless remains to be done in terms of the precision, effectiveness and simplification of the measures adopted;
Amendment 38 #
Motion for a resolution
Recital C
Recital C
C. whereas the social and economic crisis resulting from the lockdown measures in response to COVID-19 will have a particularly negative impact on SMEs and retail savers; whereas the EU’s response to COVID-19 through the European Recovery Plan should provide a large injection of capital in order to increase European enterprises’ access toCMU should increase European enterprises’ access to stable, low-risk equity finance, and should reduce overreliance on debt- financeing;
Amendment 68 #
Motion for a resolution
Subheading 1
Subheading 1
Amendment 91 #
Motion for a resolution
Paragraph 2
Paragraph 2
Amendment 105 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. CallWarns for the acceleration of the development of EU venture capital (VC) and private equity markets by increasing the availability of funding for VC investments, developing larger late-stage VC funds, tax incentive schemes for VC and business angel investments, and active IPO markets for VC-backed companies; believes that the shift from debt-financed to equity-financed SMEs should develop gradually, since a rapid transition will create incentives for - mostly foreign - speculators to rapidly tighten their grip on the European economy;
Amendment 132 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls for targeted measures within securities market legislation to expedite the recovery after the COVID-19 crisis; supports changes in the Prospectus Regulation, the Markets in Financial Instruments Directive (MIFID), the Securitisation Regulation and the Market Abuse Regulation to facilitate investments in the real economy, in particular in SMEs, and to allow newcomers and new products, preferably of EU origin, to enter the markets, preserving consumer protection and market integrity; calls for extra safeguards and transparency requirements for non-EU newcomers and products, as to protect European SMEs against foreign speculation;
Amendment 143 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Asks the Member States to amend their national tax frameworks, in order to reduce tax obstacles to cross-border investments, including withholding tax procedures, and to increase financing by investors to long-term investment opportunities thereby improving returns on long-term savings for EU citizenRecalls that tax policy remains an exclusive competence of the individual Member States;
Amendment 160 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 166 #
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 180 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Encourages the Member States to promote multi-pillar pension systems, including occupational pension schemes, as a way to improve market dynamics and the incentives to invest; believes that private pensions should be revitalised and made more attractiveare an integral part of EU citizens' retirement planning; encourages the participation of investors in long-term, low-risk products with tax reduction or exemption policies;
Amendment 197 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Stresses the need for efficient and effective cooperation between European and national supervisory authorities to overcome their differences; calls for supervisory convergence to promote a common European model, guided by the European Securities and Market Authority (ESMA), to reduce the existing obstacles to cross-border financial operations;
Amendment 224 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Is concernedNotes that retail investors’ engagement with financial markets remains low; calls for measures to promote retail investments in view of the demographic challenges faced by the EU by increasing the participation of retail investors in capital markets through more attractive and appropriate personal pension productser than elsewhere in the developed world; recalls that traditional banking is deeply rooted in European tradition;
Amendment 278 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Underlines that financial education is needed to overcome low retail investor engagement with financial markets, based on lack of knowledge, mistrust and risk averbad investment decisions;
Amendment 288 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. UrgeSuggests the Member States to include financial literacy programs in school curricula aimed at developing autonomy in financial matters; suggests the inclusion of this topic in the Programme for International Student Assessment (PISA) study; calls on Member States not to outsource the drafting of such literary programs to the financial industry, as is sadly common practice in the legislative sphere.
Amendment 302 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Takes the view that the digitalisation of financial services can be a catalyst for the mobilisation of capital in the EU while reducing barriers and increasing supervisory efficiency; emphasises that an EU framework with high standards of cybersecurity wand privacy could be conducive to the CMU;
Amendment 313 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Highlights that ‘sandboxes’ may be an adequate tool to enhance the innovation and competitiveness of the financial services sector; requests that the Commission create a pan-European ‘sandbox’ for financial services;
Amendment 320 #
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 325 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Reiterates that EU legislation provides for the possibility of considering third-country rules as equivalent based on a proportional and risk-based analysis, and that such decisions should be taken through a delegated act; recalls that the EU can unilaterally withdraw any equivalence decision;
Amendment 332 #
Motion for a resolution
Paragraph 27
Paragraph 27