CAPITAL MARKETS -
European capital markets: priorities and challenges -
On 25 June, the ECB published dinner remarks from Benoît Cœuré, Member of the Executive Board of the ECB, at the International Swaps and Derivatives Association, Frankfurt am Main. Mr. Cœuré’s speech addressed issues such as: (i) market fragmentation as a source of concern; (ii) priorities for CMU after Brexit; (iii) harmonising insolvency frameworks; (iv) supervisory convergence and the oversight and supervision of central counterparties; (v) diversifying external funding for the real economy; (vi) the role of market development; (vii) the role of market integration; and (viii) Benchmark rates and the need for fallback options.
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