Capital markets union: Difference between revisions

Revision as of 13:56, 25 April 2019

(CMU).

The capital markets union is an initiative of the European Union designed "to achieve a true single market for capital in Europe."

If the initiative is successful, a capital markets union will be the result, widening access to a range of funding sources.

Capital markets union depends on fiscal union

"In 2012 the eurozone... embarked on an ambitious programme to harmonise capital markets and reduce dependency on banks.

But both the banking and capital markets union depend on fiscal union - and that remains incomplete and contentious."

The Treasurer magazine, Cash Management Edition April 2019 p22, Frances Coppola, economics and finance commentator and speaker.

@@ Line 4: / Line 4: @@
 If the initiative is successful, a capital markets union will be the result, widening access to a range of funding sources.
-''European Union (EU) bank supervision''.
-The banking union is the arrangement in the Euro zone under which the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
 :<span style="color:#4B0082">'''''Capital markets union depends on fiscal union'''''</span>
-:"In 2012 the eurozone agreed to create a banking union...
+:"In 2012 the eurozone... embarked on an ambitious programme to harmonise capital markets and reduce dependency on banks.
-:The eurozone also embarked on an ambitious programme to harmonise capital markets and reduce dependency on banks.
 :But both the banking and capital markets union depend on fiscal union - and that remains incomplete and contentious."