Regulators should take steps to repair the local ecosystem. Future OECD policy should further strengthen investor protection. Public funds should be used to help local companies access public capital markets. Bond markets and securitization should be harmonized further. Regulatory incentives that distort investor decisions in favour of some asset classes should be removed. Tax incentives that distort investor decisions in favour of some asset classes should be removed. We recommend setting up public/private partnerships to produce and disseminate high quality and credible research on SMEs.
FESE RESPONSE_OECD High-level principles on long-term financing.pdf