8 Amendments of Aldo PATRICIELLO related to 2015/2106(INI)
Amendment 23 #
Draft opinion
Paragraph 3
Paragraph 3
3. Welcomes the envisaged diversification of funding channels, which should be complementary to the existing ones and promote instruments which have proved their usefulness; underlines the need to reduce administrative burdens and foster the application of the principview the documentation required from businesses, in particular SMEs, so as to make it less of proportionality, coherence and practicability in EU legislation, in the interests of efficient, liquid and cost- effectivea burden for them and to make it easier for them to gain access to capital markets;
Amendment 37 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the launch of consultations on the review of the Prospectus Directive (2003/71/EC) and the efforts being made to remove regulatory barriers to access to securitisation; uenderlines, orses, in particular, the Commission’s proposal to compile a register of ‘high-quality’ securitisations meeting particular,re-determined risk-reducing and transparency-enhancing criteria, which will help restore the trust of Europe’s investment banks and lead to a resumption of their activity; underlines the need to open up financial markets to SMEs; supports broadening the funding options available for SMEs; calls for improved access to long-term financing and for the development of a pan-European private placement market promoting venture capital, as well as alternative instruments such as peer-to-peer lending and crowdfunding;
Amendment 55 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Is concerned about the increased complexity, reflected in the greater amount, detail and number of layers of regulation and supervision with requirements at international, European and national levelby the complexity of regulations at international, European and national level arising from the fact that they overlap and in some cases conflict with one another; stresses therefore the necessity of establishing a consistent and common regulatory framework abiding by the principle of subsidiarity and the separation of national and EU areas of competence;
Amendment 55 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the Commission to take into account the specificities of individual markets and propose changes only in those areas that require intervention in order to eliminate the existing barriers; believes that the bottom-up approach and, which must involve local stakeholders in decision- making on strategies and guidelines, and the sharing of national best practices should be at the core of the Capital Markets Union initiative;
Amendment 103 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Believes that a single market for financial services serves businesses, but ultimately has to benefit customers and investors; insists thatthe ultimate aim of the establishment of a single market for financial services has to be the production of benefits and advantages for consumers and investors, and wishes therefore to see barriers to cross- border access, marketing and investment have to be analysed and addressreviewed and lifted;
Amendment 123 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Believes that consumer protection does not necessarily entail large volumes of information; is concerned that the multiplicity and complexity of customer information might not ultimately serve real customer needs; points to the necessity of a European initiative for more andto create an easily accessed information sheet which everyone can understand (SMEs, associations, the public), enabling better financial education;
Amendment 257 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Underlines the need to streamline the content and frequency of reporting requirements, also by providing entities with one point ofreporting coentactre, in order to avoid any duplication of requirements and reporting channels; calls on the Commission, ESAs and SSM to examine which data are actually needed, to align templates and to provide simplifications and, for SMEs, exemptions;
Amendment 327 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Calls on the Commission to ensure balanced participation in consultations by reflecting the diversity of stakeholders and providing better conditions for small stakeholders to participate; urges therefore that a publicity campaign be started in this regard, including through the establishment of a dedicated web portal which may act as a meeting point for the legislator and interest groups and citizens;