Putting the Capital Markets Union on sustainable foundations

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
05/03/2024

A European feminist foreign policy?

The need for a progressive and transformative approach
01/03/2024

The transformation of the mainstream right in Western Europe

Implications for social democracy
01/03/2024

Next Left Vol. 15

Progressive Ambition: How to shape Europe in the next decade
29/02/2024

The European political community

Informality as a key to success
Find all related Progressive Post
Progressive Post
14/03/2024

In Portugal, a new cycle with old problems

14/03/2024

Out but not over: Socialists’ electoral tie in Portugal

14/03/2024

Portugal: a Socialist loss

Find all related news
News
18/03/2024

FEPS President on Euronews talk-show ‘Brussels, my love?’

NATO extension, Portuguese elections, far-right and gender equality were the topics of the debate
08/03/2024

Discover the updated EU Care Atlas!

07/03/2024

Call for videos – Your Call to Europe

This call closed on 24/03/2024
04/03/2024

FEPS at the PES Election Congress in Rome

Find all related in the media
In the media

Women leaders in CSOs—overworked, overwhelmed

by Social Europe 27/03/2024
This article published in the digital media Social Europe focuses on the findings of FEPS policy study 'Women CSO leaders for systemic change'

The EU pursues make-believe in Bosnia

by Financial Times 23/03/2024
Financial Times featured our policy brief 'Bosnia-Herzegovina', which analyses the journey of BiH's EU membership and the necessary reforms to make it happen

AI won’t replace quality journalism, but sector needs safeguarding, says socialist think tank head

by Euractiv 18/03/2024
Interview with FEPS President on the role of media in Europe’s future

FEPS President on Euronews talk-show ‘Brussels, my love?’

by Euronews 16/03/2024
FEPS President Maria João Rodrigues discusses NATO expansions and elections in Russia and Portugal on Euronews talk-show ‘Brussels, my love?‘