Poll: Europe's capital markets union

Author: IFLR Correspondent | Published: 9 Oct 2014
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Faced with weak growth, high unemployment and persistently rising debts, the European Commission (EC) has placed renewed emphasis on what is known as the capital markets union.

The idea is the logical successor to last year’s banking union. Broadly, it refers to the concept that Europe’s financial system should be more like that of the US, where 80% of funding comes from the markets. So far, so logical.

There’s just one fly in the ointment: nobody really knows what a capital markets union means, or how it will be turned into a workable reality.

Taking this apparent lack of direction as a starting point, IFLR’s poll this month asks what should be the EC’s priority in establishing a capital markets union. Should it focus on developing a private placement market; should it outline a framework for project bonds; or perhaps boosting banks’ capacity to lend to small and medium-sized enterprises is the most important part of the fledgling plan.

Vote on this month's Quick Poll box, which is featured on the right of IFLR’s homepage. All votes are anonymous.

The results will be published in the November edition of IFLR magazine.

Results of previous Quick Polls

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