A year from the #CapitalMarketsUnion action plan, we are delivering on our commitments, proposing measures to boost 🇪🇺 capital markets.
Today’s package improves companies' ability to raise capital in 🇪🇺 and ensures Europeans get the best deals for their savings and investments.
The #CapitalMarketsUnion package has a strong focus on helping small companies in small capital markets, making it easier for SMEs to find and access various sources of funding. #CMU
Our proposals will ensure investors to have better access to company and trading data, enhancing efficiency and integration of capital markets across the 🇪🇺. #CMU
These measures will help Europe’s economic recovery from the COVID-19 crisis, as well as the digital and green transition. #CMU
And we are not stopping here, more ambitious Capital Markets Union initiatives are to come in 2022 on listing, open finance, financial education, and insolvency. #CMU
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We have been fully active in finding solutions to guarantee the safe free movement of people and protect public health during the COVID-19 pandemic.
Today we are proposing a new Recommendation for better coordination of safe free travel.
Here are our updated proposals ⏬
💉A standard acceptance period for vaccination certificates of 9 months since the primary vaccination series.
#EUCOVIDCertificate:
✅ In principle, not subject to additional restrictions.
❌ Could be required to undergo a test carried out prior to or after arrival.
🚦A new traffic light map to coordinate areas with a particularly low or high levels of circulation of the virus, based on three criteria:
🔹the number of new cases
🔹vaccinated uptake
🔹the number of tests carried out
➡️ Steer 🇪🇺 economies towards a fairer and inclusive growth
➡️ Advance green and digital transition
➡️ Reinforce 🇪🇺 economy resilience against unexpected shocks
Today’s Autumn Package is further interconnected with the Recovery and Resilience Facility.
It will have a central role in building a resilient economy that puts fairness at its heart.
From 1990 to 2020 the world has lost 420 m hectares of forest – an area larger than the EU.🌲
Our new rules would guarantee that the products that EU citizens buy and use on the EU market do not contribute to global deforestation and forest degradation.
Under the revised Regulation on waste shipments, we propose:
🚚stronger rules on waste exports
📊more efficient system for the circulation of waste
🖐️action against waste trafficking
Our new rules will boost the circular economy, while not harming the environment and health.
💪 A resilient banking sector for a stronger economy.
Implementing the #Basel3 agreement will make the EU financial sector more stable while taking also into account important new developments, like #SustainableFinanceEU.
🙌 Today, we adopted a review of EU banking rules.
#Basel3 Implementation: Strengthening the resilience of the banking sector across the EU means a more secure economic and financial system.
📑Our new legislative proposals ensure an alignment of the EU rules on capital requirements with international standards.
#COVID19 is a reminder of the importance of having a resilient banking system. The adoption of the #Basel3 framework will help banks continue standing strong in future crises. #SafeSavings