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European Financial Services Round Table
 





Tuesday, May 5, 2015
Capital Markets Union : EFR Response to the Green Paper on Building a Capital Markets Union
EFR Response to the Green Paper on Building a Capital Markets Union The Capital Markets Union lies at the heart of the European Commission's jobs and growth agenda. Through a combination of short and medium term measures, the Capital Markets Union aims to revive economic growth in the EU, improve financial stability and create jobs. The European Financial Services Round Table (EFR), comprised of Chairmen and Chief Executive Officers of European banks and insurers, in its response to the European Commission's Green Paper welcomes the vision for the Capital Markets Union and presents its views on how Europe's objectives for jobs and growth can best be achieved. The EFR's response recommends that the Commission's forthcoming action plan prioritises four areas for action: 1. Building sustainable securitisation 2. Boosting Infrastructure and Long-Term Investment 3. Widening the investor base for SMEs 4. Making Europe attractive to international investment Implemented in an effective and timely manner, these priorities will improve the depth, liquidity and transparency of European capital markets, establish a single market for capital and make Europe a more attractive investment proposition for cross-border and foreign investment.