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Making a Reality of Europe’s Capital Markets Union

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Making a Reality of Europe’s Capital Markets Union

Bruegel,

5 Minuten Lesezeit
5 Take-aways
Audio & Text

Was ist drin?

EU leaders place strategic importance on creating a robust capital markets architecture.

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Editorial Rating

7

Qualities

  • Comprehensive
  • For Experts
  • Insider's Take

Recommendation

Financial stakeholders depend on robust capital markets in the United States; however, in the European Union, a capital markets infrastructure is far less developed. Economists André Sapir, Nicolas Véron and Guntram B. Wolff examine the development of the EU’s Capital Markets Union Agenda and its plan to strengthen the framework and operation of a unified EU capital market. getAbstract recommends this highly detailed but informative report to policy experts and financial executives interested in a deep dive into the policy direction of EU leadership.

Summary

In 2014, European Union leaders looked at the economic wreckage from the global financial and subsequent EU sovereign debt crises as an alarm to strengthen the continent’s capital markets architecture. EU nations still depend, in large part, on banks as suppliers of liquidity and financing. As policy makers learned, however, such major exposure to only one channel of funding can foster problems and financial instability. While EU officials conducted substantive work on developing a more sophisticated and connected banking platform via Economic and Monetary Union, comparatively little movement on a capital...

About the Authors

André Sapir and Nicolas Véron are senior fellows at Bruegel, where Guntram B. Wolff is the director.

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