A Kantian shift for the capital markets union
· Christine Lagarde, President of the European Central Bank (Euro area (EU))
Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, climate, energy and nature, growth, investment and productivity, technology, ai and cyber risk
CL · Christine Lagarde Wiki · European Central Bank WikiA Kantian shift for the capital markets unionContextSpeech by Christine Lagarde at the European Banking Congress in Frankfurt.
Why it mattersLagarde calls for central EU market supervision and a securitisation market.
Problems raised- Europe's capital markets remain fragmented.
- Europe needs huge investment for the green and digital transitions.
- Without progress, Europe risks being unable to face upcoming challenges.
Solutions proposed- Make a decisive shift towards a true capital markets union.
- Centralise market supervision at EU level.
- Develop a European securitisation market and simpler rules.
Read full speech on ecb.europa.eu ↗More from Christine Lagarde · European Central Bank · all speeches
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