EU Commissioner Valdis Dombrovskis opens London Stock Exchange trading

London Stock Exchange Group (LSEG) today welcomes Vice-President Valdis Dombrovskis, EU Commissioner for the Euro and Social Dialogue, Financial Stability, Financial Services and Capital Markets Union, to London Stock Exchange to open trading and celebrate the Capital Markets Union (CMU) project.

Recognising LSEG’s commitment to supporting Europe’s growing companies through ELITE, Commission Vice-President Dombrovskis will attend a round table event with 20 ELITE company CEOs, institutional investors, the British Business Bank and European Investment Bank. They will discuss the importance of forging more integrated capital markets across the continent and ELITE Club Deal’s role in channelling growth capital to Europe’s businesses.

Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union:
“I’m delighted to be opening trading in London today to support London Stock Exchange Group’s commitment to mobilising capital across Europe, including funding for its 23 million SMEs. The LSEG’s ELITE programme is the sort of initiative we would like to see more of. Europe as a whole needs a wider range of funding sources to cater to different needs and to complement bank lending. We need deeper capital markets all over Europe. That is why building a single Capital Markets Union is and it will remain our fundamental objective, whatever the UK's future relationship with the rest of the European Union will be."

Xavier Rolet, CEO, London Stock Exchange Group:
“LSEG’s ELITE programme is a fantastic cross-border success story, supporting the Capital Markets Union project in its ambition to unlock EU growth and jobs. ELITE boosts access to finance and financial education for Europe’s most ambitious businesses, allowing them to scale and grow. It’s most recent innovation, ELITE Club Deal, will further streamline the capital raising process for companies.

“Today we’re showcasing the EU entrepreneurial spirit. LSEG has long been committed to supporting initiatives which improve access and cut the cost of finance for growing companies: these businesses are the innovators, job creators and the stars of tomorrow.”