Steven Maijoor, ESMA Chair, delivered a speech to the NAPF Investment Conference in Edinburg today. His speech focused on the questions how to increase capital availability and support economic growth in the EU.
Selected extracts:
“What is needed to achieve a strong and integrated EU capital market to increase capital availability and support economic growth? With a five year time-horizon in mind, choices will need to be made. In my view there are four main building blocks of a Capital Market Union which are all interlinked and on all of which we need to progress:
(1) Greater diversity in funding;
(2) Increasing the efficiency of capital markets;
(3) Strengthening and harmonisation of supervision; and
(4) Increasing the attractiveness of capital markets for EU investors.”
2015/583 Speech
