Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-01-19-Speech-2-400-750"
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"en.20160119.21.2-400-750"2
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"The report calls on the Commission services to complete the first assessment by the end of 2016 and to report on the overall impact and, among other things, on the following: the effects on the different financial sectors, including an appropriate differentiated breakdown of the market participants by size, complexity and business model, and on non-financial entities, possible gaps and loopholes, while considering the possible development of new threats and risks; the actual and expected economic effects, as well as the competitiveness of the European financial sector in the world; the possibilities of benefiting the real economy, including SMEs, consumers and employment; the need to further improve existing, and extend complementary, funding channels, including the effect on access to finance for SMEs and mid-cap companies; the effects on supply and demand of long-term financing; the capacity of ESAs to fulfil the tasks given to them under the current legislative framework and on the steps that may be needed to improve the framework, especially the financing of ESAs in the near future.
The first accumulated impact assessment should be used for a targeted examination of the overall financial services framework, whilst avoiding a broad reopening of recent legislation."@en1
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