Capital Markets Union: proposals will contribute to investment-led growth

Following the release of the European Commission’s action plan today on building a Capital Market Union, BusinessEurope Director General Markus J. Beyrer said:  “We should urgently implement many of the excellent European Commission proposals. This will lead the EU economy towards the path of an investment-led, sustainable growth.  But strengthening the role of capital markets in providing funding to businesses and infrastructure projects across the EU will not be solved overnight. It’s a key challenge”.
 
Commenting on the action plan, Markus J. Beyrer added:  “We have strong concerns that investment in infrastructure has been unnecessarily held back due to regulatory requirements. The promise to review the regulatory requirements for the insurance and banking sectors willing to invest in infrastructure is very positive.
 
Small businesses wishing to access capital markets will be encouraged by the European Commission’s plans to streamline the requirements in terms of publishing a prospectus.  SMEs seeking bank lending may also benefit from the Commission’s plans to encourage simple, transparent and standardised securitisation of bank loans.
 
Finally, the decision to take stock of and assess the cumulative impact of previous regulatory reform in the financial sector is fully justified given the large amount of new regulation in recent years. It’s a strong signal of this Commission’s commitment to better regulation”, Beyrer said.