Spanish Comisión Nacional del Mercado de Valores publishes a report on securities markets

05 October 2010

The report confirms that the European sovereign debt crisis has had a substantial impact on the international financial markets, and this crisis, not yet fully overcome, has also had adverse effects on the private debt emissions.

Spanish National Commission for Securities Markets (Comisión Nacional del Mercado de Valores – CNMV) published a report called „Securities markets and their agents:  situation and perspectives.“   It confirms that the European sovereign debt crisis has had a substantial impact on the international financial markets, and this crisis, not yet fully overcome, has also had adverse effects on the private debt emissions.  

With regards to the gross emissions of fixed rent registered in CNMV, they decreased by 47% compared to the last year, although some sectors, like mortgage certificates, maintained the pace of 2009.  

The reports states that the holdings of Spanish investment funds was reduced by 9% during the first semester of 2010.  The industry suffers from an elevated competition pressures, and its aim should be rationalization of the supply products and reduction of costs.  The activities of the investment services companies (empresas de servicios de inversión – ESI)  also suffer from the crisis – the benefit of securities companies fell by 25%. 

Press release 

Full report

 

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