The European Commission (EC) recently announced plans to explore creating more integrated and deeper capital markets across its 28 Member States. Targeting a 2019 launch, the Capital Markets Union (CMU) aims to streamline financial markets and allow businesses access to more diverse financing sources, regardless of geographic location within the EU. Grant Thornton recently submitted recommendations to the EC on those efforts we believe can most help mid-sized businesses (MSBs) benefit from the proposal.
Will the CMU positively impact the dynamic businesses that drive growth across the EU? The EC estimates today that the EU’s medium sized enterprises receive one fifth of the funding that their counterparts in the United States can access. Clearly the EC would like to eliminate the gap, allowing the growth engine of the EU to benefit from simpler, more ready access to capital with an intended benefit of stronger growth and jobs.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the life sciences industry.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the real estate industry.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the manufacturing industry.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the retail industry.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the construction industry.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the software and cloud services industries.