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Detailed CMU Action Plan, but more (ambition) is required. ECMI Commentary No. 39/2 October 2015 Friday, 2 October 2015

Lannoo, Karel. (2015) Detailed CMU Action Plan, but more (ambition) is required. ECMI Commentary No. 39/2 October 2015 Friday, 2 October 2015. [Policy Paper]

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    Abstract

    The concrete outcome of the Commission’s Action Plan for a Capital Markets Union (CMU) consists notably of a call for the removal of constraints to facilitate SME financing and recognition of the need to facilitate infrastructure financing and securitisation through changes to the solvency II Directive and the capital requirements Regulation. However useful these proposals may prove to be, this Commentary finds that they do not address the main problem in Europe’s capital markets, namely that European household savings are not finding their way into more rewarding investments, which is caused by a variety of factors that cannot be easily changed.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECMI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 07 Oct 2015 14:46
    Number of Pages: 3
    Last Modified: 07 Oct 2015 14:46
    URI: http://aei.pitt.edu/id/eprint/67886

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