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28 October 2002

ESBG concerned about Prospectuses Directive

In its position paper the European Savings Banks Group, ESBG, calls for maintenance of facilities for bonds issued in a continuous or repeated manner. In many member states, ESBG argues, credit institutions make use of these facilities to refinance themselves. Therefore ESBG calls for the maintenance of a specific prospectus regime for bearer bonds issued frequently by credit institutions. ESBG also pointed out that the freedom of choice of the competent supervisory authority is not sufficient and does not meet practical needs.

Press release
Position paper

© European Savings Banks Group

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