The CNMV supports Linde in his defense of economic policy … – Yahoo Finance Spain

Madrid, April 9 (EFE) .- The president of the Comisión Nacional del Mercado de Valores (CNMV), Elvira Rodriguez, endorsed today the governor of the Bank of Spain, Luis María Linde, who yesterday defended the economic policy that has held the government “patriotism”.

Rodriguez has made this defense during his speech at the XXII Meeting organized by Deloitte Financial Sector, ABC and the Evaluation Society, which asked about the issue, said he agreed with the governor.

“As seen in Greece, if you do not have accounts in balance, no you can choose “and” where policy is made, the election is public service “that can not be done” if they all payments locked “.

” And that payments are locked occurs by imbalances, so yes, I agree with the governor “has settled the president of the CNMV.

In another vein, the president of the CNMV has warned of the rise is experienced shadow banking, although in his opinion, played key roles, too “is a potential for long-term financial stability threat.”

For Rodriguez, plus the shadow banking, other the fundamental challenges that are facing financial supervisors, is the role of stock markets as a source of alternative financing.

In this regard, see the promotion of key markets such as building alternative to bank financing.

Europe is highly banked, and there are studies indicating that those countries with more balanced funding sources, grow more long-term stabilized form, said the president of the CNMV, in this sense, sees necessary to launch a unique project in the capital market.

“A necessary impetus for business finance”, as stated Rodriguez, who has insisted on the need to foster the financing SMEs.

In this impetus to the creation of capital markets, the president of the CNMV has considered important proposals before launching an assessment of regulatory measures that have been launched during becomes the crisis.

In the same way, has argued that all measures taken in this respect, preserve the protection of investors so that they mobilize their capital, and it is achieved that investors feel safe and if there are problems, there are ways to fix them.

It has also advocated improving the competitiveness of enterprises and the use of new technologies.

“There is much to be done in this union capital market “has sentenced the president of the CNMV, who explained that in Spain, by funding problems that have SMEs, has passed a law to promote business financing, which is in its final stages of processing and according waited provides is finally approved before the end of the month

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