Today, the Federation of European Securities Exchanges (FESE) published the detailed version of its "Blueprint for European Capital Markets". It describes the vision of FESE to increase the competitiveness of European capital markets and, as a result, to create ideal framework conditions for the European real economy. FESE's vision is based on five concrete recommendations:
- 1. Investing in economic growth - adopting a target for European capital market financing
Europe should set an ambitious target of 100% market capitalization to gross domestic product by 2020 - 2. Serving all investors
for example by increasing incentives for active investments - 3. Serving all companies
for example by addressing the erosion of local ecosystems for companies and their brokers - 4. Positioning Europe in the world
for example by ensuring that European capital markets remain open to the world and at the forefront of international standards - 5. Improving safety
for example by ensuring cross-border surveillance of the multi-venue trading structure
A short version of the blueprint is available as a flyer[PDF].
Christian Katz, CEO of SIX Swiss Exchange and currently President of FESE, comments: "The role of capital markets in Europe needs to grow. Bank financing and other bilateral financing sources are under pressure. The Blueprint lays out a positive vision for Europe and how exchanges can be used to raise capital and contribute to economic growth in Europe."
FESE
represents 37 regulated exchanges in 30 European countries. Further information about the role of SIX Swiss Exchange and the four key economic functions we perform is available on our website.
