European Commission’s Green Paper on Building a Capital Markets Union

The Danish Securities Dealers Association and the Danish Bankers Association (hereafter named the Associations) support the Green Paper’s initiatives as well as the Green Paper’s general positive position due to a large number of initiatives
that support economic growth.

At present, while the contents of the specific initiatives are still vague, the Associations find it difficult to consider the need of harmonization in the fields of company law, taxation and insolvency.

The Associations have responded to the consultation regarding the Prospectus Directive and securitization. The Associations look forward to respond to the upcoming hearing regarding covered bonds.