The President of the Republic today asked the CMVM, together with other bodies such as the government or parliament, to anticipate developments in order to strengthen the role of the capital market, which he considers still weak.
“What they ask us, but they ask the Securities Market Commission (CMVM), they ask the President of the Republic, they ask Parliament, they ask the government, they ask other actors, regulators, but in particular the CMVM, is to be at the forefront of events,” said Marcelo Rebelo de Sousa in a video message delivered at the closing of the annual Supervisors Conference at the Gulbenkian Foundation in Lisbon.
Marcelo Rebelo de Sousa defended the need to “anticipate events” and “strengthen the role of the capital market, which in some respects is very weak in Portugal”.
For the President of the Republic, this action will transform “the capital market into what it is not yet”: “an effective alternative to other sources of financing” for companies and the use of family savings.
He also defended that, along with technology investments, “the need to keep track of the many realities that one has to face” and the changes taking place in the European national legal framework, the strengthening of human capital is a “critical element” for CMVM, for the Portuguese government and the Portuguese state.
“Without this strengthening, all the challenges that we have to face can lead to missed opportunities in the transition to building a country that we want to make much better,” he stressed.
Author: Portuguese
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.