The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy.
Co-hosted by the Systemc Risk Centre and Goldman Sachs, the event brings together recognised thought leaders and key decisions makers from the public and private sectors to engage in a dialogue on the benefits of creating, as well as the steps which can be taken to deliver, a well-functioning European Capital Markets Union.
The event includes a conversation between the UK Economic Secretary to the Treasury, Andrea Leadsom MP and Parliamentary State Secretary, German Federal Ministry of Finance, Steffen Kampeter.
The agenda can be found here.
Coinciding with the event, researchers in the Systemic Risk Centre - Jon Danielsson, Eva Micheler, Katja Neugebauer, Andreas Uthemann, and Jean-Pierre Zigrand - have written the column 'Europe's proposed capital markets union: Disruption will drive investment and innovation' published on VoxEU.org .
A Green Paper was published and a public consultation was launched by the European Commission to consult all interested parties on the proposed approach to achieving a Capital Markets Union.
Videos and other materials from this event are now published. Please click the 'Full Report' tab on top of this page.
Panel session on Creating an EU Capital Markets Union
Jim Esposito, co-head of the Global Financing Group, Goldman Sachs and Craig Calhoun, professor and director, London School of Economics and Political Science, led a conversation on creating an EU Capital Markets Union with the UK economic secretary to the Treasury, Andrea Leadsom MP and parliamentary state secretary, German Federal Ministry of Finance, Steffen Kampeter.
Panel session on Delivering an EU Capital Markets Union
Silvana Tenreyro, professor, London School of Economics and Political Science, moderated a panel session with Philippe Ithurbide, head of Global Research Strategy and Analysis, Amundi, Jonathan Faull, director general, Financial Stability, Financial Services and Capital Markets Union, European Commission, Jim Esposito, co-head of the Global Financing Group, Goldman Sachs and Paul De Grauwe, professor, London School of Economics and Political Science, on the steps necessary to achieve an EU Capital Markets Union.
Benefits and obstacles of creating and delivering an EU Capital Markets Union
Interviews with Jon Danielsson, Jonathan Faull, Tim Frost, Mark Hemsley, Sebastian Mallaby, Jacqueline Minor, Paul Myners, Silvana Tenreyro, Lance Uggla, Andreas Uthemann
Jon Danielsson explains to CNBC what role technology can play in a capital markets union.