In response to the publication today of the European Commission Green Paper Building a Capital Markets Union, the Chief Executive of the Building Societies Association, Robin Fieth, said:
"The BSA welcomes the Commission's Green Paper "Building a Capital Markets Union". The objective of simplifying the securitisations market across the EU, through standardised and more transparent instruments is of interest to many providers involved in helping households and businesses access finance.
"The approach taken by Commissioner Lord Hill, and First Vice-President Frans Timmermans, in asking the right questions and defining a clear aim and objective within the Paper, is to be applauded.
"I hope that the tone set by this Paper is a sign of things to come in relation to the development of other important financial services policies, particularly around capital requirements, such as leverage ratios."
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