The EU’s current political reflections on key initiatives, such as the future of the Capital Markets Union (CMU) or the international role of the Euro, are a symbol of the need to have fully operational, stable and independent market infrastructures to support through their capital-raising and risk-management functions the financing of EU economies.
Trading on transparent, multilateral Exchange Traded Derivatives (ETDs) markets could be further incentivised. The paper highlights a set of measures that could be taken into account when assessing how to create an even deeper ecosystem in line with EU policymakers’ policy objectives.
