A European Securities and Exchange Commission (SEC) is on the cards

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Creating a European SEC is now firmly on the cards in Brussels, 10 years after the single supervisor for banking began its work. Compared to the attractiveness of the US capital market, also the case for European investors, Europe has failed to create an environment to stimulate its own competitiveness and innovation. Europe sits on an enormous savings glut, which – because of  fragmentation and inefficiency of its financial markets – does not often find its way into the domestic capital market.

Karel Lannoo is General Manager of ECMI and CEO of CEPS. The original version of this article was published by IPE on 17 May 2024.