Financial market regulation: First steps towards a Capital Markets Union?

Belgium, Brussels, 1000, Stanhope Hotel, Rue du Commerce 9
Tuesday, February 03 2015 / 12:30

On 12 June 2014 the Directive on Markets in Financial Instruments (MiFID II) and the Regulation on Markets in Financial Instruments (MiFIR) completed EU legislative procedures. MiFID2 and MiFIR aim to make financial markets more efficient, transparent and secure. The new rules will close loopholes and ensure trading takes place on regulated platforms. In addition, the European Parliament is currently examining proposals to regulate Money Market Funds (MMFs) which are an important source of short-term financing for banks, private companies and governments.  This regulation seeks to ensure that MMFs remain liquid and invest in good quality, well diversified assets. Will the new laws build on the creation of Banking Union and further protect the integrity of the European financial markets? Will they impact on individuals and companies accessing credit across Europe? Do these legislative developments mark the first steps in Commission President Junker’s vision for a Capital Markets Union across the EU?  Join us as we address these important issues with experts from the European Parliament, Commission and the Centre for European Policy Studies (CEPS).