Capital Markets Union: entering a new phase?

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Soon after the work of the Next CMU High-Level Group, the EU Commission set up its own High-Level Forum to discuss the continuation of CMU, with the final report launched on June 10th. It is expected that the Covid-19 crisis will sharpen focus on the real economy (SMEs and households) and the role of market finance in general, as recovery and resilience strategies will take centre stage. We are looking forward to an interesting debate on these topics, and also to drawing whatever lessons the crisis can offer in how market surveillance works in the EU, and how capable the financial sector is to withstand such unprecedented shocks.

Agenda Event Report


  • Thomas Wieser, Chair of the CMU High-Level Forum & former Secretary General of the Eurogroup
  • Carmine Di Noia, Commissioner, CONSOB (Italian Securities and Exchange Commission) & Chair of the Committee for Economic and Markets Analysis, ESMA
  • Niamh Moloney, Professor of Financial Markets Law, London School of Economics

Moderator: Fabrice Demarigny, Chair of the Next CMU High-Level Group & Global Head of Financial Advisory Services, Mazars & Chairman of the ECMI Board