Traduction de «efficient capital market » (Anglais → Français) :

A Capital Markets Union should enhance the flow of capital - through efficient market infrastructure and intermediaries - from investors to European investment projects, improving allocation of risk and capital across the EU and, ultimately, making Europe more resilient to future shocks.

11. Highlights that imperfect capital markets have led to a mispricing of risk and to a disconnection between the returns sought and the real risks run, which has caused markets to be unfavourably biased towards entities such as SMEs; believes that one of the objectives of the CMU should be to improve the efficiency of markets and ensure a fair, adequate and economically sound risk-return relationship in the EU capital markets;

11. Highlights that imperfect capital markets have led to a mispricing of risk and to a disconnection between the returns sought and the real risks run, which has caused markets to be unfavourably biased towards entities such as SMEs; believes that one of the objectives of the CMU should be to improve the efficiency of markets and ensure a fair, adequate and economically sound risk-return relationship in the EU capital markets;

Since the objectives of this Regulation, namely to ensure uniform requirements apply to the marketing of qualifying venture capital funds and to establish a simple registration system for managers of qualifying venture capital funds, thereby facilitating the marketing of qualifying venture capital funds throughout the Union, while taking full account of the need to balance safety and reliability associated with the use of the designation ‘EuVECA’ with the efficient operation ...[+++] of the venture capital market and the cost for its various stakeholders, cannot be sufficiently achieved by the Member States and can therefore, by reason of its scale and effects, be better achieved at Union level, the Union may adopt measures in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.

The competitiveness of public limited companies is an essential factor for an efficient capital market which is geared to the creation and protection of value for large and, in particular, small shareholders.

52. Considers it imperative, in the interests of successful industrial adjustment in order to create or maintain a climate conducive to investment, that five requirements should be met: adequate financing of programmes, efficient capital markets, priority to new technologically advanced enterprises over the partially obsolete industrial complexes, equal competitive conditions for all businesses, irrespective of whether they are publicly or privately owned, and steps to combat corruption; however, the PHARE programme, partly due to its current management and priorities, has not yet been an overwhelming success; calls upon the Commission ...[+++] to submit to the European Parliament a separate "progress report" concentrating on the following chapters of negotiation: industrial policy, small- and medium-sized undertakings, telecommunications, the audiovisual sector and media and internet related industries, by analysing the scale of restructuring and the cost of financing required, and possible derogations from competition rules, e.g. for public-service broadcasting, if they are deemed necessary;