Relaxing state aid rules is a step forward in unlocking new green financing, but “we must move quickly” on the capital markets union (CMU) to reach private investors' money, French business association Medef’s chief Patrick Martin said on Monday (13 November).
The EU has fallen behind the US and China in terms of economic growth and innovation, the European Round Table for Industry (ERT) warns in its latest paper, calling for a deeper integration of the EU's single market, a capital markets union, and better incentives to invest in Europe.
In recent months, calls to complete the EU's Capital Markets Union (CMU) have become more frequent, but it's not always clear whether the CMU's most recent supporters really want a more integrated financial market or whether they just use the vagueness of the term to hide other political objectives.
Everybody talks about cleantech, including politicians who stress the need for more investment in green technologies. Yet, the reality is that we are at an all-time high when it comes to investments in gas, oil and even coal, writes Jorgo Chatzimarkakis.
In an interview with EURACTIV, the former Italian prime minister called for a "Europe of Power", a European approach to industrial policy to counteract fragmentation risks, and a completion of the EU's Capital Markets Union (CMU).
Margrethe Vestager, a top candidate to lead the European Investment Bank (EIB), came to Paris on Wednesday (20 September) to speak at a flagship start-up conference – and pitch her candidacy for the EIB job with Economy Minister Bruno Le Maire.
The outgoing member of the executive board of the European Central Bank (ECB) Fabio Panetta argued that a genuine Capital Markets Union (CMU) might require the EU to have a standing fiscal capacity with a borrowing function.
On Tuesday (23 May), representatives of the European Parliament and of EU member states have agreed to establish a single point of access, where individuals and companies can digitally and freely access financial and sustainability-related information about European companies.
The founder of venture capital firm Lakestar, Klaus Hommels, believes European pension funds and insurance companies should be able to invest in private markets such as venture capital funds, to enable European startups to have more growth capital at their disposal.
EU heads of state and government meeting in Brussels on Friday (24 March) will discuss recent financial market turmoil, and while calls for deepening the Capital Markets Union and finalising the Banking Union are expected, decisions on specific measures are not.
The EU banking sector “remained strong” amid market turmoil in the US, President of the European Central Bank (ECB) Christine Lagarde confirmed on Monday (20 March), adding that she wants to see the "complete application" of Basel III bank capital requirements.
The Swedish government fleshed out its priorities regarding financial regulation during its six months at the helm of the rotating presidency of the EU Council, in a presentation for member states' financial attachés, seen by EURACTIV.
As the EU celebrates the 30th anniversary of the Single Market, some sectors are still largely nationally structured instead of being integrated into the borderless intra-European market.
An agreement struck this week by the negotiators of the European Parliament and the Czech Presidency of the EU Council aims to make investments in European long-term investment funds (ELTIF) more attractive.
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.
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).
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.
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.
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.
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.
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.
The European Commission continues to show a lack of ambition when it comes to constructing a Capital Markets Union, writes Isabel Benjumea.
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.
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.
