On Monday, 1 April, MEPs of the European Parliament's Committee on Economic and Monetary Affairs (ECON) approved five interinstitutional agreements aimed at strengthening the Capital Markets Union.
They unanimously gave the go-ahead to the partial agreement reached at the end of February on the ‘Fiscalis’ programme for the period 2021-2027, which aims to encourage cooperation among EU Member States’ tax authorities (see EUROPE 12219/28) and to the proposal for a regulation specifying how institutional investors should integrate environmental, social and governance (ESG) factors in their investment decision-making (EUROPE 12209/14).
The agreement on the supervision of clearing houses (CCPs) established in the European Union and third countries (see EUROPE 12214/22) was adopted by 29 votes in favour, 3 against and 3 abstentions and the agreement on the proposal to create a European label (see EUROPE 12203/4) for covered bonds by 29 votes in favour, 4 against and 2 abstentions.
MEPs also approved the agreement reached at the end of February on the new prudential framework for investment firms with a reinforced equivalence regime (see EUROPE 12203/3). (Original version in French by Marion Fontana)