Amariei, Cosmina (2017) Creating Long-Term Value in Europe's Capital Markets: Opportunities and constraints. 1st Interim Report of the CEPS-ECMI Task Force on Asset Allocation in Europe. CEPS Research Report, November 2017. UNSPECIFIED.
Abstract
Capital markets have reached different stages of development throughout Europe, and matching the supply and demand of capital on a cross-border basis remains an elusive goal. As a consequence, the participation of retail investors in capital markets as well as the size and structure of the non-bank financial sector vary significantly across member states. In 2016, the total financial assets of European households and the investment portfolios of asset managers, insurers and pension funds amounted to over €35 trillion each.
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