15 Amendments of Philippe DE BACKER related to 2016/2032(INI)
Amendment 60 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Believes that a diversified financial services sector offering a wide range of cost-efficient tailor-made funding options serves the actual funding needs of SMEs best; notes in this respect the need to ensure equal focus on improving access to finance for microenterprises and sole traders;
Amendment 66 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Encourages SMEs to consider the whole EU as their home market and to use the potential of the single market for their financing needs; welcomes the Commission’s initiatives supporting SMEs and start-ups in an upgraded Single Market; underlines, in this context, the importance of convergence of rules and procedure across the Union and the implementation of the Small Business Act; calls on the Commission for a follow-up to the Small Business Act;
Amendment 75 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes that start-ups in particular find it difficult to obtain appropriate funding and to identify and meet regulatory financial requirements; encourages therefore the EIB and Member States in their efforts to create one-stop shops as hubs for all financing options and regulatory requirements for entrepreneurs; welcomes the Commission’s plan to launch a European Pact for starts-ups to address these issues;
Amendment 86 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Stresses that there is no one-size-fits- all mode of finance and calls on the Commission to support the development of a broad range of tailored programmes, instruments and initiatives, ranging across equity (such as business angels, crowd funding and multilateral trading facilities), quasi-equity (such as mezzanine finance) and debt instruments (such as small-ticket company bonds, guarantee facilities and platforms), in partnerships between banks and other operators involved in SME financing (accountancy professionals, business or SME associations or chambers of commerce), in order to support businesses in their start-up, growth and transfer phases, taking into account their size, turnover and financing needs;
Amendment 89 #
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Reiterates that revised public procurement and concession contract rules should not hamper SMEs' and micro-enterprises' access to the procurement market;
Amendment 92 #
Motion for a resolution
Paragraph 7 c (new)
Paragraph 7 c (new)
7c. Stresses that the Commission should emphasise the important role that the stock market can play in improving access to liquidity for both SMEs and investors at different stages; recalls that stock markets designed specifically for SMEs are already in place in the euro area and that they were designed in response to specific market and financing requirements;
Amendment 104 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Reiterates that it is pralso impordialtant to enhance the SME lending capacity of banks; points out that financing by capital marketbanks alone will not succeed in providing sufficient funding and appropriate financing solutions for SMEs which is why we also require alternative sources of financing for SME's;
Amendment 156 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Calls on the Commission to consider shortening and simplification of bankruptcy procedures across the EU in order to minimise burden and increase flexibility;
Amendment 157 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18b. Calls on the Commission to consider proportionality around the early repayment of loans across the EU, such as a cap to limit costs for SME's and more transparency in contracts for SME's;
Amendment 164 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls on the Member States to foster a risk-taking and capital market culture; reiterates that financial education for SMEs is key to increasing the use and acceptance of capital market solutions, allowing for a better assessment of costs, benefits and the associated risks; calls on the Member States to enhance the financial literacy and access to financial skills and knowledge of SMEs;
Amendment 175 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Points out that the ongoing development of the CMU must be accompanied by recurring efforts to converge EU processes and procedures and to evaluate the existing financial regulatory framework, in particular with regard to its effects on SMEs; calls on the Commission to provide an appropriate, tailored regulatory framework for issuers of funding to SMEs that does not prove burdensome for them and also wins investors' confidence (under the European legislation on accounting standards, the Prospectus Directive, the Transparency Directive, the Market Abuse Directive and the MIFID);
Amendment 196 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Emphasises the importance of the transparency, standardisation and public availability of SME financing information for investors, supervisors and other stakeholders in order to understand the risk profile and take informed decisions; welcomes the Commission’s SME information strategy; requests the Commission to consider a single SME identification number to build on a single database for SME's;
Amendment 200 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Underlines the potential of new innovative financial technology (FinTech) for the better matching of SMEs with potential investors; calls on the Commission to explore potential and Member States to allow FinTech to flourisksh and the need for an appropriate harmonised EU regulatory frameworkmarkets to function freely without interference except where a harmonised EU framework is necessary to provide transparency and confidence in the market;
Amendment 211 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Highlights the need to foster innovation through lending platforms; encourages banks to regard the use of such innovative technologies as an opportunity; stresses that alternative funding sources like crowdfunding, micro-credits or peer-to- peer lending offer solutions for start-ups and innovative SMEs in particular; welcomes the Commission’s assessment of the existing framework for crowdfunding; calls on the Commission to explore the need for, and potential of, a harmonised EU framework;
Amendment 241 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Calls for the Commission to deliver an annual report to the European Parliament, outlining the status of implementation initiatives and its impact on the improvement of access to financing for SME's in Europe; calls on the Commission to include its own assessment of the strategic direction and recommended changes where applicable;