The CMU is essential for a competitive and resilient Europe, yet progress is sluggish and European capital markets remain fragmented. Large and attractive European capital markets will support economic growth and strengthen financial stability. The AFM and DNB call on policymakers to complete ongoing initiatives and take an ambitious approach to build a truly European capital market.
These recommendations can be found in the AFM and DNB joint position paper 'Next steps for the European Capital Markets Union’, published today. With an increasing need for achieving ‘open strategic autonomy’, completing the CMU has become more important than ever.