Rebranding Capital Markets Union: A market finance action plan. CEPS-ECMI Task Force, June 2019

Constancio, Vitor and Lannoo, Karel and Thomadakis, Apostolos (2019) Rebranding Capital Markets Union: A market finance action plan. CEPS-ECMI Task Force, June 2019. UNSPECIFIED.

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Abstract

This Report of the CEPS-ECMI Task Force on Rebranding Capital Markets Union (CMU) represents a valuable contribution to the necessary relaunching of this important project. We learned the hard way that a single currency requires a financial system that is sustainably integrated and, indeed, as single as possible. The history of the EU is marked by a progressive search for the right institutional embedding of financial markets. The crucial question is whether we will achieve sustainable financial integration commensurate with maintaining financial stability through proper regulation and supervision at the European level.

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