IMPALA Banks On Intangible Assets

IMPALA hopes to persuade the European Commission and the banking world that they could do more to help small and medium-sized companies.

Representatives from the independent music companies’ Finance Action Plan working group, which includes music and banking representatives, as well as EC officials, met representatives from the European Bank and European Commissioner Michel Barnier at MIDEM Jan. 22.

One of IMPALA’s main aims is to create a new investment fund but executive chair Helen Smith also feels the indie music companies deserve to have easier access to finance.

The meeting with Barnier was to discuss revising accounting standards so that they may properly value intangible copyright assets.