The lower minimum requirement allows trust entities to tap retail clients seeking returns higher than those of traditional deposit products, thereby increasing the participation of the public in the securities markets. The amendments to the regulations also allow commingled IMAs to invest in a wider range of financial assets. The next phase of the initiative will cover seven areas.
However, as you know, the sun does not always shine in the euro area. In the wake of the global financial crisis of 2008, the euro area slid into a crisis of its own. In 2010, Greece stumbled into a sovereign debt crisis.