Towards a genuine capital markets union
Integrated capital markets require effective supervision. As a starting point, the European Securities and Markets Authority (ESMA) should contribute to further convergence of supervisory practices, in accordance with its mandate, notwithstanding the open debate on future integration steps.
The recent agreement on the framework for the European System of Financial Supervision will also contribute to more harmonisation.
Such a Financing Union would be a decisive and feasible step to complete our Economic and Monetary Union.
François Villeroy de Galhau, Governor of the Banque de France and Dr Jens Weidmann, President of the Deutsche Bundesbank
Deutsche Bundesbank 4 april 2019
The recent agreement on the framework for the European System of Financial Supervision will also contribute to more harmonisation.
Such a Financing Union would be a decisive and feasible step to complete our Economic and Monetary Union.
François Villeroy de Galhau, Governor of the Banque de France and Dr Jens Weidmann, President of the Deutsche Bundesbank
Deutsche Bundesbank 4 april 2019
Kommentarer