Communication on ‘Reinforcing integrated supervision to strengthen Capital Markets Union and financial integration in a changing environment’

Summary:

Financial integration lies at the heart of the Single Market and the Economic and Monetary Union and brings important economic benefits for the euro area and the EU as a whole. After a set-back due to the financial crisis, financial integration in the European Union has been increasing again since 2011. EU investors have increased their cross-border asset holdings. Intra-EU debt and equity portfolio investments increased by EUR 2 trillion between 2006 and 2015. Price-based indicators of financial integration show that overall convergence nearly doubled over that period. Against this background, and as the EU economy continues to recover, it is important to build on this momentum and move forward with the necessary steps to deepen financial integration in the EU.

Official

European Commission: DG Communication: IP/17/3308, 20.09.17: Creating a stronger and more integrated European financial supervision for the Capital Markets Union http://europa.eu/rapid/press-release_IP-17-3308_en.htm

European Commission: DG Communication: MEMO/17/3322, 20.09.17: Capital Markets Union: Creating a stronger and more integrated European financial supervision http://europa.eu/rapid/press-release_MEMO-17-3322_en.htm

European Commission: DG Communication: SPEECH/17/3365, 20.09.17: Vice-President Dombrovskis on the proposal for a stronger and more integrated European financial supervision for the Capital Markets Union http://europa.eu/rapid/press-release_SPEECH-17-3365_en.htm

EUR-Lex: SWD(2017)308: Impact assessment http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2017:308:FIN

EUR-Lex: SWD(2017)309: Executive summary of the impact assessment http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2017:309:FIN

EUR-Lex: SWD(2017)313: Effect analysis http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2017:313:FIN

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News

Luxemburger Wort, 21.09.17: New powers for Europe's watchdogs 'bad news' for Luxembourg https://luxtimes.lu/archives/907-new-powers-for-europe-s-watchdogs-bad-news-for-luxembourg

Reuters, 20/09/2017: EU moves to extend grip on financial sector after Brexit https://www.reuters.com/article/idUSKCN1BV16R

EurActiv, 20/09/17: EU moves to extend grip on financial sector after Brexit http://www.euractiv.com/section/economy-jobs/news/eu-moves-to-extend-grip-on-financial-sector-after-brexit/

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