Implement EU financial rules without national add-ons
Hesse should press at the federal level for EU financial rules to be implemented without extra national requirements, known as gold plating. The FDP supports a deeper capital markets union with uniform rules across Europe.
The EU makes rules for banks and financial firms. Germany should not add extra rules of its own. The rules should be the same all over Europe. The FDP wants one shared European capital market.
Especially for sustainability rules in the financial sector (ESG), definitions and labels are to be comparable across Europe and national add-on requirements avoided. According to the platform, regulation should be competent and reliable and allow innovation. At the European level, the FDP wants to push for deepening the capital markets union.
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„dass bei der Umsetzung von EU-Regulierungen auf „Gold Plating“ verzichtet und auf eine Regulierungsstrategie gesetzt wird, die dem Ziel einer vollständigen Kapitalmarktunion mit identischen Regulierungen gerecht wird“Translation: that “gold plating” is avoided when implementing EU regulations and that a regulatory strategy is pursued that serves the goal of a complete capital markets union with identical regulations
Placement
- Economyleaning more market
Additional national requirements for financial firms would be dropped, which lowers the regulatory burden.
- Europeleaning more EU
The capital markets union would be deepened and financial regulation made uniform across Europe instead of keeping national special rules.