EU seeks to push ahead with capital markets union

Stakeholders across the EU are very supportive of the new capital markets union being proposed by the European Commission, which they say will unlock capital for business and unlock growth.

As a result, the Commission is promising to move forward quickly with the necessary legislation including a package after the summer on securitisation with updated calibrations for Solvency II and Capital Requirements Regulation.

Jonathan Hill, the commissioner responsible for capital markets union which is a key aim of the Commission, told a conference held to mark the conclusion of the public consultation launched three months ago that the “real groundswell of support” showed they were on the right track.