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FESE recommends that the Commission adopts a holistic approach to reviewing the EU regulatory framework. In this regard, the Commission should cover the different regulatory topics that together provide a basis for companies’ access to capital markets.
FESE supports maintaining the principles for corporate governance in the existing format of codes. This way, companies are provided with useful guidance on governance, while allowing shareholders to decide on the best ways forward. Further developments, if needed, should be made within principles-based recommendations in the form of soft law instruments.
In light of the ambition to progress on the CMU, we support a common supervisory culture and enhanced and balanced convergence to ensure a level playing field within Europe.