Capital Markets Union: building competitive, efficient capital markets trusted by investors

European Securities and Markets Authority
 

Ladies and Gentlemen,
 

Let me first of all thank the Italian Presidency of the Council of the European Union (EU) and the European Commission for organising this conference on “Finance for Growth”. Following its launch by President Juncker in July 2014, the Capital Markets Union (CMU) is now a concept under construction and I am very happy to have been invited to contribute today to its development. When doing so, we should remember the clear objective from President Juncker who stated that the CMU should maximise the benefits of capital markets and non-bank financial institutions for the real economy.

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