Banking representatives call for EU to develop single capital market

Ireland is in a prime position to become a key hub for capital markets activity in the bloc, says BPFI

A capital markets union would create a single market for lending across the EU, allowing money to flow more easily across the bloc. 

The Banking and Payments Federation Ireland (BPFI) has called for the EU to pursue a single harmonised capital markets union during its next term in order to address the bloc’s competitiveness, ahead of elections next month.

The EU’s capital markets union (CMU) is a plan to create a single market for capital across member states with the aim of allowing money to flow more easily across the bloc so it can benefit consumers, investors, and companies, regardless of where they are located.