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Eliminating the cost of non-Europe in capital markets. ECMI Commentary No. 43, 2 November 2016

Lannoo, Karel. (2016) Eliminating the cost of non-Europe in capital markets. ECMI Commentary No. 43, 2 November 2016. [Policy Paper]

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    Abstract

    Capital markets in Europe currently lack the necessary depth, scale and integration to provide the funds for innovative firms to grow, thereby imposing a high cost on both firms and investors. In response to this grave deficiency, Karel Lannoo calls upon the European Commission to undertake a radical upgrade of the Capital Markets Union (CMU), along the lines of the Single Supervisory Mechanism (SSM), but with a focus on strengthening the role of the European Securities and Markets Authority (ESMA) and the European supervisory authorities (ESAs). Given that much of the rulemaking is complete, he observes that an empowered capital markets supervisor is the only way to deliver the benefits of a single market.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    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: 02 Nov 2016 11:41
    Number of Pages: 3
    Last Modified: 02 Nov 2016 11:41
    URI: http://aei.pitt.edu/id/eprint/80815

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