Commissioner Hill today opens conference on Capital Markets Union in Brussels

Commissioner Jonathan Hill, responsible for Financial Stability, Financial Services and Capital Markets Union, will give an opening speech at the Capital Markets Union conference in Brussels today. The event marks the conclusion of the public consultation launched in February to gather views on ways to unlock funding for Europe’s businesses and to boost growth in the EU’s 28 Member States with the creation of a true single market for capital (see IP/15/4433). Vice-President for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen will also speak at the event. Other speakers include Roberto Gualtieri, Chairman of the European Parliament’s Economic and Monetary Affairs Committee, Vítor Constâncio, Vice-President of the European Central Bank, Steven Maijoor, Chairman of the European Securities and Markets Authority and Andrea Enria, Chairman of the European Banking Authority, among others. They will discuss the challenges and opportunities of a Capital Markets Union (CMU) in order to feed into the debate on the Commission’s Action Plan that will be presented this autumn. Discussions will focus on the ways to diversify sources of funding for investors, how to make the CMU work for retail and institutional investors, and how to create the conditions for efficient cross-border investment. The conference programme can be found here and live webstreaming is also available here. Speeches will also be made available online (SPEECH/15/5137)