Stockholm, February 11, 2016 — Nasdaq (Nasdaq: NDAQ) today published a white paper entitled “Capital Markets Union: The Road to Sustainable Growth in Europe.” The white paper addresses the European Commission’s proposal and action plan for a Capital Markets Union, and highlights Nasdaq’s view on what needs to be done in order to create financial stability and get Europe back to sustainable growth.
“As a key stakeholder, Nasdaq welcomes the opportunity to provide input and be a part of the solution,” says Hans-Ole Jochumsen, President, Nasdaq. “Nasdaq fully supports the vision for a Capital Markets Union, but the focus has to shift if we want to create a stronger and more resilient financial system that will benefit Europe as a whole.”
In the report, Nasdaq argues that the concrete measures in the current action plan focus on making it easier for large institutions to invest more and extend their product and service offerings, rather than improving the capital markets themselves.
In Nasdaq’s view, the action plan should rather focus on increasing transparency, making the capital markets more accessible to smaller businesses, incentivizing long-term private investment in listed equities and encouraging the development and use of disruptive technology.
“Leveraging the capital markets is essential to allow Europe to reach its full potential,” Jochumsen continued. “Instead of being too dependent on bank financing, we should make it easier for companies to raise capital through the public equity markets. Incentivizing an equity-based culture and leveraging technology could have a significant impact on European productivity, innovation and job creation.”
The full report, “Capital Markets Union: The Road to Sustainable Growth in Europe,” can be accessed here.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
|Media Relations Contact:|
|Christina Malmberg Hägerstrand|
|+46 8 405 65 83|