Activities of José GUSMÃO 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 (17)
Amendment 24 #
Motion for a resolution
Recital B
Recital B
Amendment 39 #
Motion for a resolution
Recital C
Recital C
C. whereas the social and economic crisis resulting from 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 capitalguarantee European enterprises’ access to finance in order to incprease European enterprve jobs and countrises’ access to financeproductive capacity;
Amendment 78 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Calls for the removal of barriers, including the simplification of legislation , 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 vulnerableTakes note of the existing debt bias in corporate financing; points out that the empirical evidence and the academic literature are not conclusive as to whether the current situation makes SMEs more fragile; points out that market-based finance is associated with significant risks;
Amendment 95 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Takes the view that the efficiency and stability of financial markets should be improved and that the listing of companies should be facilitated; encourages the creation and prioritisation of a large private pan- European fund, an Initial Public Offering (IPO) Fund, to support SMEs;
Amendment 104 #
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 125 #
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 inStresses that the existing regulations must be complied with by Member-States (namely, the Prospectus Regulation, the Markets in Financial Instruments Directive (MIFID), the Securitisation Regulation and the Market Abuse Regulation to facilitate inve); calls for a stmrents in the real economy, in particular in SMEs, and to allow newcomers and new products to enter the markets, preservgthened enforcement of the regulation regarding consumer protection and market integrity;
Amendment 145 #
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 citizens;
Amendment 161 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Stresses the necessity of advancing further in the implementation of a genuinely Single Rule Book for financial services in the internal market, particularly in the field of taxation; calls for the establishment of a Financial Transactions Tax at EU level;
Amendment 167 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines the need to promoat private pension provision; welcome, such as the Pan- European Personal Pension (PEPP) product; reminds Member Stat, is inherently risky and can leave people with no protection in times of financial distress, as has happened in the last months; stresses that PEPPs need toshould not be subject to the same tax treatment as national pension products to become an option for savers;
Amendment 174 #
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 attractive;Believes that private pensions should not be encouragesd by the participation of investors in long-term products with tax reduction or exemption policieState and should not benefit from any tax exemption or fiscal benefits;
Amendment 196 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Stresses the need for European and national supervisory authorities to overcome their differences; cCalls 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 operationsprovided that no existing regulations are watered down;
Amendment 213 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Observes that financial services regulation is a very complex undertaking, with regulation at international, European and national level; encourages all relevant actors to address this complexity to ensure the proportionality of financial regulation and to remove unnecessary administrative burdens;
Amendment 223 #
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 products;
Amendment 257 #
Motion for a resolution
Paragraph 18
Paragraph 18
Amendment 279 #
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 aversguarantee that consumers know their rights and the risks associated with financial market participation;
Amendment 292 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Urges 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;
Amendment 299 #
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; eEmphasises that an EU framework with high standards of cybersecurity would be conducive to the CMUan important step;