Articles Published  20.03.2017


Capital Markets Union - EBF response in the mid-term review

Capital Markets Union - EBF response in the mid-term review

  Source: The European Banking Federation

The European Banking Federation (EBF) appreciates the opportunity to comment on the progress of the European Commission’s Capital Markets Union (CMU) Action Plan at its mid-term review.

The EBF commend the Commission for undertaking this initiative to build capacity in capital markets in all European Member States and to remove obstacles to the cross-border flow of capital.

"In our response paper, we examine the progress to date and remaining challenges in terms of (i) Regulation, (ii) Supervision and (iii) Technology".

In particular, the EBF recommends that the Commission takes the following actions to contribute to the success of the CMU and to achieve successful implementation of its action plan going forward:

  • Provide strong leadership and technical expertise during the STS securitisation trilogue in order to create a solution that will revive securitisation markets;
  • Revise the proposal on insolvency proceedings to consider a balanced approach taking the interests of both debtors and creditors into account that would contribute to solving the issue of non-performing loans;
  • Play a greater leadership role in the furthering of financial education in Europe as a way to empower entrepreneurs, consumers and investors. This enables individuals and companies to improve their understanding of financial opportunities and funding options available to them

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