SME Chamber President meets MDB Officials
22 April 2024
Malta Chamber of SMEs President Mr Paul Abela met MDB Chairman Leo Brincat and CEO...
The Capital Markets Union – Unlocking funding for Europe’s Growth
16 April 2015
The European Commission has recently launched a Green Paper on building a Capital Markets Union and two flanking consultation papers on securitisation and a review of the Prospectus Directive.
This Green paper was launched as an initiative to break down existing cross-border barriers in European investment which prevents businesses from accessing finance at reasonable cost, give savers more investment choices as well as enhance the efficiency of the system that channels such funds.
GRTU President Paul Abela and Deputy President Philip Fenech attended an event organised by the European Commission Representation in Malta to present the Green Paper on Capital Markets Union in more detail and provide a platform for the sectors’ stakeholders to exchange their views and contribute to the consultation exercise.
During the discussion GRTU President Paul Abela emphasised that the European Commission should look beyond banks if it really wants to facilitate access to finance for SMEs. Finance facilities must target also SME organisations, within an agreed framework, that will promote access to finance and really have SMEs at their heart. Banks will always first and foremost priorities profits, low level of risk and promote their own products. These are far from the priorities of the European Commission and SMEs.
