Calls to complete Capital Markets Union and boost EU FinTech
MEPs to call for simplified rules for SMEs and start-ups so that they can access financial markets and for a robust EU framework for digital finance to be set up.
In their non-binding resolution, MEPs call for the Capital Markets Union (CMU) to be developed more quickly, arguing that this would be a viable way for companies deprived of funding to tap into financial markets and reduce their reliance on bank lending.
In a separate resolution, they advocate for a robust EU framework for crypto-assets, cyber resilience, data sharing and customer safety. They stress that digital finance plays a key role in developing financial markets and will contribute to the success of the CMU. It will increase financing and investment options for companies and citizens and also has the potential to help close the SME financing gap.
Both non-binding resolutions will be put to vote on Thursday.
Procedure: non-legislative resolutions
Debate: Wednesday, 7 October
Vote: Thursday, 8 October