28 November 2019

EBF: Paris hears call for urgent action to develop EU capital markets

The Markets4Europe campaign marks the first in its series of EU-wide conferences in Paris, bringing together private and public sectors leaders who are united in their call for urgent European Union action to build up capital markets as a matter of economic sovereignty and dynamic growth.

Following the public launch of its recommendations in September 2019, the campaign now has started an EU-wide roadshow.

The Paris discussions are focused on the links between the level of development of the EU’s capital markets and the EU’s global competitiveness, innovative capacity, and trade power.

Jean-Jacques Barbéris, Head of Institutional and Corporate Clients Coverage at Amundi (one of the investors that contributed to the Markets4Europe Roadmap), underlined that: “long-term investors have a crucial role to play in matching savers’ financial assets with investment opportunities offered by European companies. Promoting a regulatory environment that would favour households’ investment in capital markets instruments would definitely serve that goal.”

Stéphane Boujnah, CEO of Euronext, said: “The Capital Markets Union must be about financing jobs and growth in Europe – markets are the best tool for achieving that goal. It‘s about providing households with investment opportunities and companies with the best financing solution to their business model.“

“Today’s event is a major milestone in the Markets4Europe campaign as it is the first regional conference,” said Christian Ossig, designated Chairman of the Executive Committee of the European Banking Federation. “We want to reach every corner of the EU in order to promote the difficult but necessary reforms to be taken in order to build truly liquid and integrated capital markets to the benefit of corporates and investors. Through our campaign we seek to create a dialogue and contribute to a consensus on the major reforms among not only the EU institutions but also the Member States and the financial sector.”

Full press release on EBF

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