New EU Capital Market Plan For 2015 To Include Better Information Measures

As reported by FEBIS, the EU's new financial services commissioner will set out his plans for a pan-European capital market by the middle of next year, aiming to reduce companies' reliance on banks and help revive the bloc's fragile economy. Channelling more money into small companiesis seen as crucial for Europe's efforts to avoid economic stagnation because small and medium enterprises provide two out of every three private-sector jobs in the European Union. Following the worst financial crisis in a generation, banks are reducing riskier lending to build up capital buffers, a problem in a continent where banks account for 80 percent of  corporate loans.

Officials say a capital markets union would also mean the EU moving beyond public subsidies and loans to coordinate financing for companies and infrastructure through project bonds, public-private partnerships and infrastructure funds. However, Deutsche Bank co-CEO Juergen Fitschen said that emulating the United