Ten years after the project of a European Capital Markets Union (CMU) was first announced, the picture looks dire: Despite incremental progress in some areas (e.g. the European Single Access Point or the Listing Act), financial markets remain largely fragmented along national borders. Lately, rhetorical support from policymakers and geopolitical uncertainties have created a renewed sense of urgency to progress towards CMU, e.g. to reduce dependence on external funding and to strengthen Europe’s position as a cohesive economic bloc.
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SAFE- CEPR EFA RPN: Capital Markets Union at 10

Ten years after the project of a European Capital Markets Union (CMU) was first announced, the picture looks dire: Despite incremental progress in some areas (e.g. the European Single Access Point or the Listing Act), financial markets remain largely fragmented along national borders. Lately, rhetorical support from policymakers and geopolitical uncertainties have created a renewed sense of urgency to progress towards CMU, e.g. to reduce dependence on external funding and to strengthen Europe’s position as a cohesive economic bloc.