Deutsche Börse Pushes for Accelerated EU Capital Markets Union
The exchange operator urges reforms to unify Europe's financial markets and mobilize private savings under the new EU Commission.
Overview
- Deutsche Börse Co-CEO Stephan Leithner highlights the underdevelopment of EU capital markets compared to the region's economic size and global role.
- Leithner calls for transforming the Capital Markets Union into a 'Spar- und Investitionsunion,' emphasizing private capital mobilization for pensions and investments.
- The EU holds over €33 trillion in savings in cash or deposits, which Leithner describes as an untapped resource for economic growth.
- Proposals include harmonizing stock market regulations, reducing market fragmentation, enhancing digitalization, and introducing EU-wide savings products backed by tax incentives.
- European Central Bank President Christine Lagarde supports a standardized EU savings framework to boost resilience in a fragmented global economy.