Capital markets union

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Working Paper

WP 2017_02 cover

Institutional investors and home bias in Europe’s Capital Markets Union

Zsolt Darvas and Dirk Schoenmaker find strong support for the hypothesis that the larger the assets managed by institutional investors, the smaller the home bias and thereby the greater the scope for risk sharing.

By: Zsolt Darvas and Dirk Schoenmaker Topic: Finance & Financial Regulation Date: March 6, 2017
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Blog Post

Schoenmaker pic
Nicolas Véron

Brexit should drive integration of EU capital markets

Brexit offers EU-27 countries a chance to take some of London’s financial services activity. But there is also a risk of market fragmentation, which could lead to less effective supervision and higher borrowing costs. To get the most out of Brexit, the EU financial sector needs a beefed up ESMA.

By: Dirk Schoenmaker and Nicolas Véron Topic: Finance & Financial Regulation Date: February 24, 2017
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External Publication

claeys-ref-2016

What role for the financial markets in Europe?

The European European financial system is too strongly bank-based. How can it be rebalanced to become favourable to growth and employment again? (This paper is only available in French).

By: Grégory Claeys Topic: Finance & Financial Regulation Date: November 16, 2016
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Past Event

Past Event

The impact of the EU regulatory framework for financial services

At this event Jonathan Hill will discuss the results of the European Commission consultation on the EU regulatory framework for financial services

Speakers: Jonathan Hill, Gerhard Schick, Kay Swinburne and Guntram B. Wolff Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 12, 2016
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Past Event

Past Event

How to improve national insolvency regimes

How can we reduce divergencies in national corporate insolvency regimes in order to create an integrated Capital Markets Union?

Speakers: Paul McGhee, Nicolas Véron and Sebastian Mock Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 23, 2016
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Parliamentary Testimony

gwDutch Senate

Comments on the Five Presidents' Report

Presentation on the Five Presidents’ Report delivered at the Dutch Senate's Standing Committee for European Affairs, Finance and Economic Affairs on 8 December 2015.

By: Guntram B. Wolff Topic: Dutch Senate, Parliamentary Testimonies Date: December 9, 2015
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Past Event

Past Event

Capital Markets Union: what’s the vision for European debt capital markets?

After the launch of the Commission's Capital Markets Union action plan on September 30, what changes can be realistically expected in Europe’s debt capital markets over the next five to ten years?

Speakers: Harriett Baldwin MP, Nicolas Véron, Katharine Braddick, Colin Ellis, Martin Merlin, Stuart Anderson, Matt Cavanagh and Bruegel Topic: Finance & Financial Regulation Location: 100 Parliament Street, SW1A 2BQ Date: October 21, 2015
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Blog Post

Nicolas Véron

Europe’s Capital Markets Union and the new single market challenge

Nicolas Véron comments on the Capital Markets Union Action Plan launched by the European Commission on 30 September 2015.

By: Nicolas Véron Topic: Finance & Financial Regulation Date: September 30, 2015
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Policy Contribution

Capital Markets Union: a vision for the long term

Capital Markets Union: a vision for the long term

This Policy Contribution presents facts about EU capital markets, issues that should be taken into account in the development of CMU policy, corresponding policy options over the medium to long term and suggestions for policy implementation and sequencing.

By: Nicolas Véron and Guntram B. Wolff Topic: Finance & Financial Regulation Date: April 23, 2015
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Past Event

Past Event

How fair and effective are our financial markets?

Finance and Financial Regulation

Topic: Finance & Financial Regulation Date: January 21, 2015
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Past Event

Past Event

The funding of bank resolution in Europe: will the new framework meet expectations?

Finance and Financial Regulation

Topic: European Macroeconomics & Governance Date: December 16, 2014
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Policy Contribution

Defining Europe's Capital Markets Union

Defining Europe's Capital Markets Union

The new European Commission has signalled that it will work to create a ‘capital markets union’. This is understood as an agenda to expand the non-bank part of Europe’sfinancial system, which is currently underdeveloped. The aim in the short term is to unlock credit provision as banks are deleveraging, and in the longer term, to favour a more diverse, competitive and resilient financial system.

By: Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: November 13, 2014
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