Bank of Valletta

From a product development perspective, our contribution to the EUs Savings and Investment Union (SIU) can be framed within the broader context of the structural and competitiveness challenges. However, a more critical assessment is required as to whether the cumulative layering of prudential and supervisory requirements has reinforced fragmentation rather than alleviating it.

SME Financing The input from a bank lending perspective in the context of the SIU Consultation would be in the area of SME lending. SMEs face limited access to the capital markets to raise financing. In this scenario bank lending proves key to ensure sustained access to finance for SMEs.

Experience with the practical application of the SRD Directive in a smaller and predominantly cross border market such as Malta has highlighted challenges that continue to inhibit the efficient functioning of the market. These shortcomings are relevant when assessed against facilitating cross-border shareholder engagement, improving capital market integration and enhancing the competitiveness of EU listed companies.