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February 19th, 2015 @ 10:35

Green Paper on Capital Markets Union Ticks All the Boxes

Potential To Open Broader Range of Funding Opportunities For SMEs

Chambers Ireland has welcomed the comprehensive and ambitious approach of Wednesday’s (18/02/15) European Commission Green Paper on Capital Markets Union. The efficient movement of capital throughout the EU has long been recognised as a requirement for a fully functioning European free market.

Fragmented and disparate rules for investors and borrowers across Europe have been major obstacles to a more favourable investment and economic climate for European businesses.  These barriers to acquiring financing and to investing have been acknowledged by policy makers and will be addressed with a move towards a Capital Markets Union.

Speaking this afternoon, Ian Talbot, Chief Executive, Chambers Ireland said “The Green Paper reflects the need to create a properly functioning single capital market and to facilitate the investment needed by European businesses in order to drive growth and create jobs.  It is only a green paper at this stage, but it has the potential to lead to a much more effective investment environment in Europe, particularly for SMEs. A single capital market incorporating high-quality securitisation and innovative financing methods will allow Irish SMEs to access diverse sources of funding, not just from across the EU, but from across the world.”

For information about The Green Paper click here.

Categories: Business News | General

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