BETA

Activities of Syed KAMALL related to 2012/2134(INI)

Shadow reports (1)

REPORT on improving access to finance for SMEs PDF (251 KB) DOC (166 KB)
2016/11/22
Committee: ECON
Dossiers: 2012/2134(INI)
Documents: PDF(251 KB) DOC(166 KB)

Amendments (6)

Amendment 23 #
Motion for a resolution
Paragraph 2
2. Agrees with the Commission that Europe's economic success largely depends on growth based on SMEs; but emphasises that SMEs are part of a broader 'ecosystem' of enterprises; notes that larger companies rely extensively on a broad network of smaller SMEs, highlighting the importance of encouraging economic growth across the spectrum of companies, regardless of size; notes also the need to ensure that there is an equal focus on improving access to finance for microenterprises or sole traders;
2012/10/19
Committee: ECON
Amendment 32 #
Motion for a resolution
Paragraph 3
3. Underlines that, because of the crisis, many SMEs have difficulties in accessing finance and that SMEs need to comply with more stringent regulatory criteria than before, although there have been steps to reduce administrative burdens on certain groups of enterprises;
2012/10/19
Committee: ECON
Amendment 36 #
Motion for a resolution
Paragraph 4
4. Underlines the responsibility of banks to invest wisely in theNotes that banks are being asked to simultaneously increase lending to SMEs, which are often high risk, and to the real economy and more specifically in SMEwidely, which is currently unstable, and to strengthen their balance sheets; notes that, in some Member States, SMEs do not have problems in accessing credit; points out that reducing investments to a minimuthe EU there is an overreliance on banks for corporate funding, approaching 70%, as opposed to less than 20% in the USA; underlines, therefore, the need to allow banks to strengthen their balance sheets and to encourage a shift away from cban lead to a credit crunchk finance to alternative methods of funding;
2012/10/19
Committee: ECON
Amendment 58 #
Motion for a resolution
Paragraph 7
7. 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 and instruments, both in equity (such as business angels, crowd funding and multilateral trading facilities) and in debt instruments (such as small-ticket company bonds and guarantee facilities) as well as other models of lending, such as peer-to-peer lending; notes that equity financing could be encouraged to a greater extent, particularly for SMEs, given that debt is currently the preferred funding model for SMEs;
2012/10/19
Committee: ECON
Amendment 65 #
Motion for a resolution
Paragraph 8
8. Alerts the Commission that a lot of new and more stringent financial services regulation has been put in place without an overall and inclusive impact assessment; urges the Commission to come forward with such an assessment, specifically focusing on SMEs, looking at both indirect and direct impacts; calls on the Commission to halt its plans to apply Solvency 2 capital requirements on pension funds, which would starve the real economy of many billions of euros of investment;
2012/10/19
Committee: ECON
Amendment 112 #
Motion for a resolution
Paragraph 21 a (new)
21a. Urges the swift resolution of discussions on the EU Venture Capital Regulation in order to facilitate SME's access to venture capital finance;
2012/10/19
Committee: ECON