Towards a Capital Markets Union
Developed and healthy financial markets are necessary in order to deliver economic growth and jobs, but Europe’s capital markets remain underdeveloped and underused, especially compared to the US. The president of the European Commission, Jean-Claude Juncker, has proposed a capital markets union (CMU) as a vehicle for change in all 28 member states of the EU, to provide greater competition and choice in financial services. The Commission has also produced a Green Paper for consultation on ways to make the CMU a reality.
This workshop will discuss how the CMU could expand credit provision in the short term, at a time when banks are deleveraging, and develop a more diverse, competitive and resilient financial system in the longer term. It will also explore its potential to expand lending for small and medium-sized enterprises (SMEs) and infrastructure investment. The seminar will also look at how the CMU will fit into the diverse and complex regulatory landscape of the European Union, and contribute to the completion of the single market in services. It will also discuss the implications and effects on financial services and business in Europe.
Attendance at this event is by invitation only.
This workshop, run in partnership with AFME, Deutsche Bank and McKinsey, forms part of a Chatham House project on the impact of the banking union for non-EMU members.
The Chatham House Rule
To enable as open a debate as possible, this event will be held under the Chatham House Rule.