Regulatory simplicity has become a significant part of the EU’s competitiveness agenda. But while it’s important, it’s not enough to make Europe competitive on its own.
Europe’s securitisation debate rightly pays close attention to banks, reflecting the bank-based nature of the EU financial system and the central role they play in origination, r
Recent redemption pressure in private credit has been treated as a warning that something in the system is breaking. BlackRock restricted withdrawals from one private credit fund
Europe needs a more competitive financial system. Yet assigning supervisors a secondary competitiveness objective is the wrong path for getting there.
The recent string of withdrawal limits in private credit shouldn’t be waved away as a US-only sideshow.
Brussels is no longer asking whether securitisation should return – that question has already been answered.
Europe doesn’t lack savings. It lacks conversion.
Making citizens invest in Europe’s capital markets is core to the Savings and Investment Union (SIU).
Tax policy in the EU is mostly decided by the Member States – 27 tax systems, each setting, collecting and administering taxes nationally.
Nearly 30 years after the single market’s formal completion, Europe still feels more like a patchwork of 27 business environments than one large integrated economy.
Trust in EU corporate reporting won’t be restored by longer templates.
The EU has entered its simplification moment.
