Capital Markets Union [What Think Tanks are thinking]

Written by Marcin Grajewski, Since the 2008 financial crunch and the ensuing recession, the European Union has been overhauling its regulation of financial markets to try to avoid any repetition of the crisis and to shore up economic growth. The current European Commission has prioritised the creation of Capital Markets Union, which would encourage companies to invest and create jobs by making it easier for them to raise funds on stock and bond markets. The Commission’s Action Plan on Building a Capital Markets Union includes 33 actions and related measures, which aim to put in place the building-blocks of an integrated capital market within the EU by 2019. This note offers links to a selection of recent commentaries, studies and reports, from some of the major international think tanks and research institutes, which discuss the Capital Markets Union and related reforms.  Some older papers on the topic can be found in a previous edition of ‘What Think tanks are Thinking.’

Future of the Capital Markets Union after Brexit Jacques Delors Institute – Berlin, December 2016 European insurance union and how to get there Bruegel, December 2016 The EU’s Capital Markets Union: Unlocking investment through gradual integration Atlantic Council, November 2016 Quelle place pour les marchés financiers en Europe Bruegel, November 2016 Towards the right policy mix for a thriving European Capital Market Centre for European Policy Studies, November 2016 Stealing London’s financial crown would bring both benefits and responsibilities Bruegel, November 2016 Towards a better European securitisation market European Capital Markets Institute, Centre for European Policy Studies, November 2016 Eliminating the cost of non-Europe in capital markets European Capital Markets Institute, Centre for European Policy Studies, November 2016 Financial market fragmentation in the euro area: State of play Jacques Delors Institute – Berlin, November 2016 How to deal with the resolution of financial market infrastructures Centre for European Policy Studies, October 2016 The state of the Capital Markets Union: Has it delivered on sustainability? E3G, October 2016 Capital markets union and the threat of the regulatory competition Foundation for European Progressive Studies, September 2016 Securitisation to the rescue Foundation for European Progressive Studies, September 2016 The IMF’s role in the euro-area crisis: Financial sector aspects Bruegel, September 2016 SME financing in a Capital Markets Union Swedish Institute for European Policy Studies, May 2016 SME financing in the EU: Moving beyond one-size-fits-all Institut der deutschen Wirtschaft Köln, April 2016 The United States dominate global investment banking: Does it matter for Europe? Bruegel, March 2016 Inequality, financialisation and credit booms: A model of two crises LUISS School of European Political Economy, February 2016 Which union for Europe’s capital markets? European Capital Markets Institute, Centre for European Policy Studies, February 2016 Europe’s untapped capital market: Rethinking financial integration after the crisis Centre for European Policy Studies, February 2016 The intended and unintended consequences of financial-market regulations: A general equilibrium analysis Sustainable Architecture for Finance in Europe, January 2016 Capital Markets Union and STS Securitisation Finance Watch, December 2015 Future-proofing the EU Capital Markets Union E3G, October 2015 Capital Markets Union: A work in progress Egmont, September 2015 The Capital Markets Union: Supporting the European project and the revival of investment Fondation Robert Schuman, September 2015 A Capital Markets Union for Europe: The relevance of banks and markets Institut der deutschen Wirtschaft Köln, July 2015