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What the Commission is doing
The European Commission is currently dealing with the capital markets union: a landmark job to unlock funding for Europe’s organisations and increase development in EU nations by producing a real single market for capital.The Commission is also keeping an eye on the effectiveness of the reforms presented in the wake of the financial crisis and is working on making retail financial services work better for customers and small investors.Objectives The capital
markets union aims to: develop a more diversified financial system matching bank financing with deep and industrialized capital markets unlock the capital around Europe which is currently frozen and put
it to work for the economy, giving savers more financial investment options and providing businesses a higher option of funding at lower expenses develop an EU capital market where financiers
can invest funds without hindrance across borders and services can raise the required funds from a varied series of sources, irrespective of their place The brand-new guidelines for banks and the banking union aim to: guarantee financial institutions are much better managed and supervised both in the Eurozone and all
over the EU guarantee banks are better capitalised and threats better controlled safeguard depositors and retail investors
set up resolution mechanisms for stopping working banks which will put an end to the
age of enormous bailouts spent for by taxpayers
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