Munich Personal RePEc Archive

Uniunea Pietelor de capital - un proiect esential pentru Europa

Danila, Marius (2016): Uniunea Pietelor de capital - un proiect esential pentru Europa. Published in: Economistul No. 13 (30 August 2016)

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Abstract

Within the optimisation effort associated with the European financial markets integration special attention is paid to two important initiatives: the Banking Union and the Capital Markets Union (CMU). Both projects are also important for Romania, considering the current status of the economy and financial market, as well as the country’s long and medium term priorities. Banking Union is targeting a full integration of the banking markets by employing a Single Supervisory Mechanism and Single Resolution Mechanism and a single deposit guarantee framework. In a similar manner, CMU is aiming at the creation of a single capital market across Europe in order to maximise the benefits associated with cross – border risk sharing and bring the highest possible level of compatibility when it comes to national legal frameworks. CMU is focused on identifying new and improved solutions for an efficient use of the available financial resources – making such resources available where they are needed, especially when it comes to infrastructure projects and SME financing.

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