Commenting on the European Commission’s Action Plan on Building a Capital Market Union, BUSINESSEUROPE Director General Markus J. Beyrer said: “We should urgently implement many of the excellent European Commission proposals. This will lead the EU economy towards the path of an investment-led, sustainable growth. But strengthening the role of capital markets in providing funding to businesses and infrastructure projects across the EU will not be solved overnight. 'Speaking about SMEs he added: “Small businesses wishing to access capital markets will be encouraged by the European Commission’s plans to streamline the requirements in terms of publishing a prospectus. SME’s seeking bank lending may also benefit from the Commission’s plans to encourage simple, transparent and standardised securitization of bank loans.'