Created: 11 December 2018
Whilst the CMU is a step in the right direction, FESE believes that to ensure its success it is key that the development of smaller capital markets remains at the heart of the debate. It is in these smaller markets that the majority of the companies are SMEs and that the investment gap still remains broad. To support this, FESE recently established a members expert group dedicated to smaller markets to identify the main challenges for smaller markets and analyse what could be done in the context of the CMU.
This roadmap suggests further principles and recommendations from the practitioners who work on these issues on a daily base and strongly believe that, in order to reduce burdens and barriers for both companies and investors the CMU needs to take into account the overarching principles outlined in this paper.
Read the full position here :