(Finance) – I “most urgent points” of the Manifesto for the development of Capital Markets are “those aimed at investors“. He told Finance Fabrizio TestaCEO of Borsa Italiana, on the sidelines of the presentation of the Manifesto for the development of Capital Markets in Italy at Palazzo Mezzanotte.
“With the Green Paper and the Capitals bill, we have touched on many of the points that go in favor of harmonization and the removal of so-called gold plating – he explained – Now we really need an investor focus – as the Honorable Freni said – so that the capital markets become attractive to investors. And these can be done both through taxation but also through the revisiting of some of the products, so that through vehicles such as the funds mentioned above, investors have the opportunity to enter the market”.
“The role of the stock exchange, precisely because it is part of the group Euronextand of bring the experience of other geographiesof how big steps forward have already been made in other countries”, said Testa.
“So we are of the opinion that we must not reinvent the wheel, but go and see – given that we have the possibility – what the experiences of other countries have been – he continued – And we have seen that often the focus on the real domestic economy was a a path that started precisely from interventions at central level to improve the attractiveness of these investments and also through moral suasion. In England there has certainly been this type of intervention, which has meant that many pension and insurance funds, etc., have then created ad hoc sources aimed at small and medium-sized businesses.”