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.

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.