About: Capital Markets Union
Obstacles on the way to green capital markets
Recent studies suggest that much needs to be done in the EU if private capital markets are to play a role in financing the green transition.
London banking job exodus to EU slows despite Brexit
The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite London losing most of its access to EU capital markets, EY consultants said on Monday (20 December).
EU sees ‘decisive moment’ for building single capital market
The European Union set out its third wave of reforms in six years on Thursday (25 November) to try to build a seamless securities market that can compete better with London and New York, a step that will pit stock exchanges against rival platforms.
EU to give City of London a reprieve over euro clearing
The European Union gave the City of London a reprieve on Wednesday (10 November), saying it will allow clearing houses in Britain to continue serving customers in the bloc beyond next June, when market access was set to expire.
Investments, Climate, Stability: Goals of European Commission’s Solvency II proposal
With a proposal to reform the Solvency II directive, the European Commission aims to make the insurance industry an ally in achieving the Commission's political priorities.
Lagarde makes a case for ‘green’ capital markets union
The President of the European Central Bank, Christine Lagarde, on Wednesday (29 June) called for initiatives to create a capital markets union for sustainable finance.
EU pushes for convergence of insolvency rules to support recovery
The European Commission is preparing a series of proposals to drive the capital markets union to facilitate the recovery from the COVID-19 pandemic. One of the most difficult battles will be reducing the differences between national insolvency frameworks.
Are we one step closer to the Capital Markets Union?
The European Commission continues to show a lack of ambition when it comes to constructing a Capital Markets Union, writes Isabel Benjumea.
McGuinness wants ‘full investigation’ into Wirecard scandal
The Commissioner-designate for financial services, Ireland's Mairead McGuinness, promised on Friday (2 October) a “full investigation” into the Wirecard fraud that has thoroughly shaken up Germany, to see why supervision failed.
Ex-Eurogroup boss: Nobody is so stupid to propose to ‘just go back under 3% deficit’
As one of the most influential Eurogroup figures during the previous crisis, Thomas Wieser chaired the preparatory meetings of eurozone finance ministers between 2011 and 2018. In an interview with EURACTIV, the American-Austrian economist described the EU’s fiscal rules as “bad practical economics”, in particular for handling a crisis such as the current one.
New capital markets union strategy to take central role in EU recovery
The European Commission will outline in the autumn a new package of initiatives to deepen the capital markets union, seen as a key tool to relaunch the EU economy in the aftermath of COVID-19, according to an internal document seen by EURACTIV.com.
Leak: These are the five priorities for the next finance Commissioner
A new strategy for the capital markets union, fintech, financial stability, sustainable economy and Brexit are the priorities listed for the next financial services commissioner, according to the memo drafted by European Commission officials and seen by EURACTIV.com.
EU claims stronger role for its currency despite flawed monetary union
The European Commission presented on Wednesday (5 December) a strategy to strengthen the international role of the euro days after member states continued to drag their feet to complete the economic and monetary union.
Italy’s ‘unprecedented’ breach of fiscal rules clouds euro summit
Euro-area leaders agreed on Thursday (18 October) to accelerate the work to bolster the monetary union as the European Commission questioned half a dozen member states’ efforts to balance their public accounts, particularly Italy.
Draghi warns on protectionism as a risk for the Eurozone
The Eurozone should prepare for US and China protectionist measures if they materialise, president of the European Central Bank Mario Draghi said on Monday (24 September) at the European Parliament.
Time to measure progress to complete Capital Markets Union
Almost three years on from its launch, the Capital Markets Union needs renewed momentum to see it reach fruition and deliver on the promise of deep and well-integrated EU capital markets. Simon Lewis outlines why now is the moment to assess its progress so far.
A specific Brexit finance deal benefits the EU
By not embracing the UK financial sector in a future trade deal, the EU might chase global capital markets away from Europe. The idea that Europe will win by keeping London at arm’s length is naïve at best, writes Georges Ugeux.
Commission to introduce rules to clarify ‘green’ investment in May
Following the action plan on sustainable finance to be published early next month, the European Commission will present legislation in May to define what represents 'green' investment, EURACTIV has learned.
Sustainable finance requires a change in incentives
Hurricane Harvey’s trail of carnage through Houston, the oil capital of the US, was a stark reminder of the effect that climate change can have on our economy, writes Peter Blom.
The Capital Markets Union can deliver Europe a sustainable future
The European Commission’s mid-term review of the Capital Markets Union Action Plan shows it is serious about sustainable finance, but more remains to be done, write Christian Thimann and Steve Waygood.
Winds of change: EU embarks on sustainable finance mission
Disturbing developments on the international political scene have only increased the resolve of the European Union to lead in taking action against the impact of climate change. Flavia Micilotta explains why financing is a key component.
Dombrovskis: ‘There is appetite for a pan-European pensions product’
The European Commission will propose a new pan-European personal pension today (29 June). In an interview with journalists, Commission Vice-President Valdis Dombrovskis argues that the new scheme would help save more money in an ageing society.
Commission must double efforts towards a sustainable financial system
The European Commission is taking steps towards a more sustainable financial system in Europe, but must double its efforts to create a truly resilient system that Europe needs, writes Anne van Schaik.