Banking & Payments Federation Ireland (BPFI) welcomes the opportunity to comment on the Department of Finance consultation on the European Commission Green Paper on Capital Markets Union and the new Commission’s focus on growth and jobs. Further progress towards more integrated European capital markets can be an important factor that brings Europe back to a sustainable growth path. Europe needs efficient and dynamic capital markets alongside a strong and stable banking sector. This makes sense from both a growth and financial stability perspective.
We also welcome the inclusion of the commitment in IFS 2020 for a Securitisation and Capital Markets Forum to develop a working group that will examine the opportunities afforded by the Capital Markets Union Green Paper and opportunities for strategic positioning and skills enhancement.
BPFI’s submission to the Department of Finance consultation on the European Commission Green Paper on Capital Markets Union can be viewed here.