Uniunea Pietelor de capital - un proiect esential pentru Europa

Capital Markets Union - a vital project for Europe

Marius Danila

MPRA Paper from University Library of Munich, Germany

Abstract: Within the optimisation effort associated with the European financial markets integration special attention is paid to two important initiatives: the Banking Union and the Capital Markets Union (CMU). Both projects are also important for Romania, considering the current status of the economy and financial market, as well as the country’s long and medium term priorities. Banking Union is targeting a full integration of the banking markets by employing a Single Supervisory Mechanism and Single Resolution Mechanism and a single deposit guarantee framework. In a similar manner, CMU is aiming at the creation of a single capital market across Europe in order to maximise the benefits associated with cross – border risk sharing and bring the highest possible level of compatibility when it comes to national legal frameworks. CMU is focused on identifying new and improved solutions for an efficient use of the available financial resources – making such resources available where they are needed, especially when it comes to infrastructure projects and SME financing.

Keywords: Capital Markets Union; European stock exchanges; SME Financing; European Union; securitisation; Uniunea Pietelor de Capital; burse europene; finantarea IMM; Uniunea Europeana; securitizare; fluxuri de capital (search for similar items in EconPapers)
JEL-codes: F02 F34 F36 F45 F65 G15 G23 G24 (search for similar items in EconPapers)
Date: 2016-08-30
New Economics Papers: this item is included in nep-ppm
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