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Guindos: Building the EU's capital markets: what remains to be done
It is a pleasure to be here today to share my thoughts on the future of capital markets union (CMU). CMU is undoubtedly a key project for the Association for Financial Markets in Europe (AFME), but it is also important for the European Central Bank (ECB). Indeed, capital markets can, for instance, provide different forms of funding sources that are better tailored to firms’ needs along their stage of development. A well-functioning CMU would also complement the banking union by providing channels to mobilise the large existing pool of savings towards financing the economy. It could help facing tomorrow’s ... (full story)