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)

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.

• Item Type: MPRA Paper
• English Title: Capital Markets Union - a vital project for Europe
• Language: Romanian
• Keywords: Capital Markets Union, European stock exchanges, SME Financing, European Union, securitisation, Uniunea Pietelor de Capital, burse europene, finantarea IMM, Uniunea Europeana, securitizare, fluxuri de capital
• Subjects: F - International Economics > F0 - General > F02 - International Economic Order and Integration; F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F45 - Macroeconomic Issues of Monetary Unions; F - International Economics > F6 - Economic Impacts of Globalization > F65 - Finance; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; G - Financial Economics > G2 - Financial Institutions and Services > G24 - Investment Banking ; Venture Capital ; Brokerage ; Ratings and Ratings Agencies

References

Various speeches of Ignazio Angeloni, Member of the Supervisory Board of the ECB

Various speeches at the Government Borrowers Forum, 2016

Various speeches at the Europa Forum 2016

Various speeches of Mario Draghi, President of the ECB

Various speeches of Benoît Cœuré, Member of the Executive Board of the ECB

Het Financieele Dagblad - Interview with Danièle Nouy, Chair of the ECB’s Supervisory Board, published on 30 April 2016

Expansión - Interview with Peter Praet, Member of the Executive Board of the ECB, published on 29 April 2016

Various speeches at the ECB-IMF Conference on Macroprudential Policy, Frankfurt am Main, 2016

Various speeches at Deutsche Bank Transaction Bankers' Forum 2016

Various speeches at the Joint conference of the European Commission and European Central Bank on European Financial Integration and Stability, 2016

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Various speeches at the 25th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies at the Levy Economics Institute of Bard College, 2016

Various speeches of Yves Mersch, Member of the Executive Board of the ECB