This session will discuss whether the key policy priorities of the CMU are likely to achieve a step change in the development and integration of EU capital markets. The panel will also assess whether the progress made so far with the implementation of the Commissions’ CMU action plan is satisfactory and whether the conditions are in place in terms of political commitment and ambition to ensure the success of the CMU initiative, given other urgent priorities such as post-Covid recovery measures, climate change and dealing with Brexit.
Points of discussion
- Are the Commission CMU action plan and the prioritisation specified in the December 2020 Ecofin conclusions sufficient to guarantee a step change in the development of EU capital markets? Does the CMU action plan focus on the right areas to boost the development and integration of EU capital markets and does it sufficiently take into account EU post-Covid recovery objectives?
- How is the implementation of the CMU action plan progressing? Is the level of ambition sufficient in terms of a politically agreed implementation timetable? Is there sufficient political urgency, focus and timetabling on the CMU project?