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Mr. Ashok Vir Bhatia, Ms. Srobona Mitra, Mr. Shekhar Aiyar, Luiza Antoun de Almeida, Cristina Cuervo, Mr. Andre O Santos, and Tryggvi Gudmundsson

, green = no concern) Source: IMF survey of EU capital market practitioners (see Background Note 4). 1/ SMEs = small or medium enterprises. Composite scores are simple averages of underlying scores in each of the seven areas. 40. Restrictions on cross-border offerings, administrative burdens, minority investor rights, and legal deficiencies were seen as key barriers to capital flows . At the EU level, more than half of respondents flagged home and host restrictions on cross-border product offerings and the comparability of accounting standards as important

Mr. Ashok Vir Bhatia, Ms. Srobona Mitra, Mr. Shekhar Aiyar, Luiza Antoun de Almeida, Cristina Cuervo, Mr. Andre O Santos, and Tryggvi Gudmundsson