Putting the Capital Markets Union on sustainable foundations

By the end of September 2015, the European Commission launched its Action Plan for a […]

Policy Brief

13/10/2015

By the end of September 2015, the European Commission launched its Action Plan for a European Capital Markets Union (CMU). By European standards, this ‘most significant EU proposal for the last 10 years’ has proceeded at rapid pace under the leadership of the British Commissioner Lord Hill.

For those attuned to the complexities of European politics, the CMU is a peace offering from Brussels (Berlin/Frankfurt) designed to showcase the strategic benefits that UK (and its City) enjoys from EU membership. Its (referendum) politics aside, the CMU’s ambitions are great: SME financing and job creation, growth via capital markets.

Yet, we argue, if the CMU is to make a substantial and lasting contribution to investment and job creation in Europe, it must be accompanied by reforms that address systemic risk in securities-based financial systems and enhance pan-European supervision of securitization and repo markets. 

Read the Policy Viewpoint

Find all related publications
Publications
21/11/2022

The EU and North Africa: Towards a just Twin Transition?

In an era marked by a deficiency in sustainable growth and a profusion of novel […]
08/11/2022

Building resilient democracies

Challenges and solutions across the globe
23/10/2022

The EU and gender equality

FEPS Primers Series - Agnes Hubert
23/10/2022

The progressive potential of the EU

FEPS Primers Series - Richard Corbett
Find all related news
News
15/11/2022

FEPS delegation at COP27

FEPS delegation was present at COP27, with the strategic objectives of mobilizing climate finance for […]
20/10/2022

Europe’s largest Gen Z-focused research ever conducted

The Foundation for European Progressive Studies (FEPS) and ThinkYoung have conducted, over 3 years, Europe’s […]
18/10/2022

Open letter to call for a deep reform of the EU fiscal rules

FEPS cosigned an open letter to EU leaders calling for them to address the underlying structural […]
23/09/2022

FEPS President in the United Nations General Assembly

During the UNGA 77 week in New York, FEPS is expanding its global partnership. Among […]
Find all related in the media
In the media

El PSC se reunirá de nuevo con el Govern el miércoles por los Presupuestos

by EuropaPress 24/11/2022
EuropaPress echoes the 'Twin Transition' event in Barcelona, organized by FEPS and Fundació Campalans, with the participation of Salvador Illa and FEPS President Maria João Rodrigues.

A baloldal főutcája

by Népszava 21/11/2022
Article by FEPS Secretary General László Andor on the state of social democracy after the PES congress - “The main street of the left”

La doble transición verde y digital como arma contra los depredadores de la energía

by Crónica Global 18/11/2022
Article by Pau Solanilla, Director of Fundació Rafael Campalans, ahead of the FEPS-Campalans event 'Figuring out the Twin Transition'

El reto de las Smart Cities, combinar digitalización y sostenibilidad

by ABC 18/11/2022
Article by Pau Solanilla, Director of Fundació Rafael Campalans, ahead of the FEPS-Campalans event 'Figuring out the Twin Transition'