The draft report by Aurore Lalucq (S&D, French) on investment in the EU (see EUROPE 13617/24) will be put to the vote on Tuesday 24 June in the European Parliament’s Committee on Economic and Financial Affairs (ECON).
Building on the findings of the ‘Draghi’ and ‘Letta’ reports, the ECON Committee is asked to take a position on how to strengthen the EU’s competitiveness by facilitating public and private investment, consolidating the Capital Markets Union (CMU) and mobilising European household savings through a ‘Savings and Investment Union’ (SIU).
Supervision. Among the key issues, according to a parliamentary source, a broad consensus has emerged among the European Parliament’s political groups in support of the European Commission’s intention to propose supervisory convergence instruments “and make them more effective as well as to achieve more unified direct supervision of capital markets by transferring certain tasks to the EU level”, states a compromise amendment contained in the draft text, a copy of which Agence Europe has obtained.
Sustainable finance. On the other hand, according to the same source, negotiations were more difficult on issues relating to the EU’s sustainable finance framework, with the European Conservatives and Reformists (ECR) Group less inclined to make commitments in this area.
Securitisation. While Ms Lalucq had said she was opposed to its relaunch (see EUROPE 13601/7), an EPP amendment stresses that “securitisation can contribute to financial integration”. The S&D group, for its part, “rejects any proposal that would use securitisation to weaken the EU macro prudential framework”.
To see the compromise amendments: https://aeur.eu/f/hia (Original version in French by Bernard Denuit)