The communication stresses tha
t the European risk capital sector is going through a period of adjustment during which, certain areas, in particular, the operation, regulation and the liq
uidity of the stock markets, or the pan-European dimension of the risk cap
ital market must be further rationalised. It also notes that modernisation of the regulatory framework has continued in a financial environment dominated by the successful int
...[+++]roduction of euro notes and coins.