Tuesday 12th March – Further progress on completing capital markets union (CMU) is critical to the long-term funding requirements of Irish and European businesses, alongside boosting the competitiveness of the EU economy. With significant investment needed to deliver the twin transitions of sustainability and digitalisation over the coming years, having more liquid and efficient capital markets is essential.
At the same time, to ensure a better allocation of capital and more effective cross-border risk sharing, it is important that the EU revitalises its securitisation market, particularly as central bank funding reduces.
However, to boost the attractiveness and efficiency of EU markets, it is vital to reduce regulatory and supervisory fragmentation. Attracting and keeping businesses in the EU will improve its future economic growth potential and offer more profitable investment opportunities in the EU.
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Read the Eurogroup statement here.
Note: Banking & Payments Federation Ireland (BPFI) represents the banking, payments and fintech sector in Ireland. Together with its affiliates, the Federation of International Banks in Ireland and the Fintech & Payments Association of Ireland, BPFI has over 125 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.
Contact: Fiona Murphy, Head of Communications, fiona.murphy@bpfi.ie 087 9740046 or Jillian Heffernan, Director of Public Affairs, jillian.heffernan@bpfi.ie 087 9016880.
