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Under the title of Markets4Europe, the pan-European campaign – initiated by the European Banking Federation in partnership with investors, companies and financial industry – will promote the changes needed to build a deeper, more integrated, and competitive Capital Market Union (CMU). The campaign is set to run for one year and seeks to build a pan-European political consensus around high-impact structural reforms, as part of the 2019-2024 legislative agenda, substantiated by analysis.
The political leaders guiding the campaign are:
Following the publication in September 2015 of its CMU Action Plan, the European Commission took various steps to establish the building blocks of an integrated capital market in the EU by 2019. However, these highly needed reforms fell short of overcoming the obstacles that the EU’s corporates and investors encounter in tapping into capital markets.
The Markets4Europe campaign will kick off with a high-level conference in Brussels on 2 October 2019. Based on the views gathered from active CEOs from all sectors involved in capital markets, Markets4Europe will outline a roadmap for reforms at the conference. A series of pan-European conferences between November 2019 and June 2020 will follow to promote these reforms throughout the EU and to build political consensus.