Efficient market infrastructure and intermediaries enhance the capital flow from investors to European investment projects
In a speech delivered at the "Annual Investor Relations Awards" in Sofia on 25 September, Ms Milena Angelova, co-rapporteur for the EESC opinion on a Capital Markets Union, recommended decisive and swift actions to be taken, in particular in terms of developing a secondary market, developing a mechanism to make traded SMEs more attractive for investors, and the introduction of credit ratings for SMEs according to a standardised transparent methodology. Furthermore, Ms Angelova emphasized the need for more 'tailor-made' investment products as these should better match companies' needs, and that efforts should also focus on finding ways to decrease the relatively high clearing and settlement costs when trading across borders.
