The European Union has published the following opinions:

  1. Opinion of the European Economic and Social Committee (EESC) “Green Paper – Shadow Banking”.

The EESC believes that the Green Paper is an important step in the right direction and provides a timely analysis of the problems linked to the shadow banking system.

  1. Opinion of the European Economic and Social Committee on the ‘Proposal for a Regulation of the European Parliament and of the Council on key information documents for investment products’.

The EESC welcomes the proposal for a regulation by the Commission which for the first time will regulate all types of complex financial products and ensure that they are comparable regardless of the manufacturer (bank, insurer, investment company etc).