Traduction de «obligation d'épargne » (Français → Anglais) :

14. Underlines that, while Europe saves more than the US in terms of percentage of GDP (20 % and 17 % respectively), the level of savings held in EU mutual funds is equivalent to only 50 % of the US level and savings held in pension funds only 35 %; further indicates that EU equity markets, corporate bond markets and securitisation represent 60 %, 35 % and 20 % of the levels of their US counterparts respectively;

14. Underlines that, while Europe saves more than the US in terms of percentage of GDP (20 % and 17 % respectively), the level of savings held in EU mutual funds is equivalent to only 50 % of the US level and savings held in pension funds only 35 %; further indicates that EU equity markets, corporate bond markets and securitisation represent 60 %, 35 % and 20 % of the levels of their US counterparts respectively;

14. Underlines that, while Europe saves more than the US in terms of percentage of GDP (20 % and 17 % respectively), the level of savings held in EU mutual funds is equivalent to only 50 % of the US level and savings held in pension funds only 35%; further indicates that EU equity markets, corporate bond markets and securitisation represent 60 %, 35 % and 20 % of the levels of their US counterparts respectively;

32. Stresses the need to improve access to capital markets through new sources of funding such as initial public offerings, crowd funding, peer-to-peer lending and (covered) bonds or through new market segments; calls on the EU to take stock of, and build on, successful national initiatives in order to identify and remove obstacles to initial public offerings; supports the introduction of the SME growth markets classification under the Markets in Financial Instruments Directive; calls on the Commission to support their development through the review of the Prospectus Directive; also calls on the Commission to consider a cross-directo ...[+++]rate approach with a view to exploring how public markets for SMEs can be enhanced and how the Financial Services Action Plan Directives can diversify the pool of investors;

The proposal concerns interest deriving from savings of all kinds, including securities (although existing securities are covered by a transitional regime).

The French law on Employee Saving Plans requires mutual funds, which collect money from the Employee Saving Plans, the Inter-companies Saving Plans and the Voluntary Partnership Employee Saving Plans, to report on their policies on socially responsible investing.