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Green Paper on Capital Markets Union Ticks All the Boxes

Feb 18, 2015

Potential To Open Broader Range of Funding Opportunities For SMEs

Chambers Ireland has welcomed the comprehensive and ambitious approach of today’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.”

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For further information please contact Amy Woods, Chambers Ireland on 014004319, 086 6081605 or email amy.woods@chambers.ie

Notes to Editors
About the Green Paper on Building a Capital Markets Union
On Wednesday 18th February, the European Commission launched a three-month consultation round, known as a Green Paper, the outcome of which will shape an Action Plan to help unlock non-bank funding so that start-ups can thrive and larger companies can expand further. The CMU is a long-term project that will require sustained effort over many years although early progress can also be made in some areas in the coming months. The Green Paper can be accessed here.

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