Today, when looking at issues, we should try our best not to simplify them and avoid a repetition of command economy approach. The second is about logic. Ultimately, a series of mistakes related to enterprise bond was caused by lack of institutional design in market operation.
2nd part of the Panel on “EU priorities for EU securities infrastructures: Ladies and gentlemen, I would share with you our priorities for securities infrastructures and, if I may, offer some ideas to stimulate the European debate on new initiatives.