Ten leading Polish financial institutions have released a position paper advocating for reforms to accelerate the development of European capital markets, with a strong focus on optimising post-trade processes. The paper, “Advancing Capital Markets Union and Building Savings and Investments Union: Pan-European Integration and EU Regional Capital Markets Growth”, outlines eight key recommendations, highlighting the importance of efficient post-transaction systems to support regional and pan-European market growth.
The position paper emphasises the need for post-trade processes to be optimised in a way that meets the specific demands of regional markets, enabling local economies to thrive while aligning with broader European integration goals. According to the authors, streamlining post-trade systems will foster market liquidity and enhance the competitiveness of regional financial hubs.
Supporting SMEs and regional markets
A significant portion of the paper is dedicated to the challenges faced by small and medium-sized enterprises (SMEs), which rely heavily on regional capital markets for financing. The authors argue that current regulations and reporting requirements create unnecessary barriers for SMEs, limiting their access to funding. By simplifying these processes and improving post-trade infrastructure, the paper envisions a more dynamic market environment where SMEs can thrive.
Aside prom post-trade, the document also touches on other priorities, including attracting individual investors, developing pension funds, and fostering private equity and venture capital markets. It underscores the need for financial education to strengthen equity culture and promote household investments in long-term financial products.
Good timing
The Polish institutions view the country’s upcoming EU Council presidency in 2025 as a pivotal moment to champion their vision. The recommendations reflect Poland’s dual focus on advancing pan-European market integration while preserving the unique strengths of regional markets.
Signatories of the position paper include the Warsaw Stock Exchange, the Central Securities Depository of Poland, and the Polish Bank Association.
