8 Amendments of Clara PONSATÍ OBIOLS related to 2020/2036(INI)
Amendment 1 #
Motion for a resolution
Citation 2 a (new)
Citation 2 a (new)
- having regard to Article 31 of Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU, pursuant to which the European Commission shall adopt a report on the possibility of introducing a dual-recourse instrument named ‘European Secured Notes’ (ESNs),
Amendment 3 #
Motion for a resolution
Citation 5 a (new)
Citation 5 a (new)
- having regard to its resolution of 4 July 2017 on Towards a pan-European covered bonds framework, which called on the European Commission to include in the new directive on covered bonds specific references to a legal framework for ESNs, such as dual recourse, special public supervision, bankruptcy remoteness and transparency requirements,
Amendment 7 #
Motion for a resolution
Citation 7 a (new)
Citation 7 a (new)
- having regard to the European Parliament resolution of 8 October 2015 on mortgage legislation and risky financial instruments in Spain (2015/2740(RSP)),
Amendment 72 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Calls for the removal of barriers, including the simplification of legislation when possible without undermining companies’ obligations with respect to transparency, accountability and data protection, to diversify funding sources for SMEs, in order to promote SMEs’ ability to access equity markets, and to reduce the existing debt bias; points out that the current situation makes SMEs more fragile and vulnerable;
Amendment 81 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Calls on the Commission to draft a legislative proposal on 'European Secured Notes' (ESNs), as a new dual-recourse funding instrument for banks which could help improve access to financing for SMEs across the EU; recalls that ESNs could be targeted to specific objectives, such as supporting SMEs in the transition to a more sustainable economy and in channelling funding to the real economy;
Amendment 106 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls 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 schemessimplification of bureaucracy where possible for VC and business angel investments, and active IPO markets for VC-backed companies;
Amendment 229 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Recalls that the low retail investors’ engagement with financial markets might be a consequence of the regrettable financial fraud cases that took place during the last decade in some Member States through the sale of risky products in bad faith, as the European Parliament deplored in 2015; highlights that the strengthening of retail investors’ confidence is a key factor for a fair and efficient functioning of financial markets; in this respect, aims the EU authorities and institutions to further strengthen and harmonise the legislation on retail investors’ protection from fraud and misleading information.
Amendment 246 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Recalls the existence of different shortcomings in the legislation on packaged retail investment and insurance products (PRIIPs) that should be addressed in the next review; expects that Level 2 PRIIPs legislation on the Key Investor Document to respect level 1, in particular in relation to the performance scenarioorder to improve the methodologies related to the performance scenarios and to ensure comparability among different investment products; regrets the delays in the adoption of Level 2 PRIIPs legislation that will overlap with the first review of PRIIPs, and which increases legal uncertainty and costs for stakeholders;