Aligning financial systems to meet the needs of citizens and enterprises

The European Commission's current initiative to commence consultations on the action plan to build a Capital Markets Union is to be welcomed. The objective must be to create a stable and sustainable financial system, providing all households and companies with appropriate access to financial se...

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Veröffentlicht in:Vierteljahrshefte zur Wirtschaftsforschung 2017-03, Vol.86 (1), p.69-79
1. Verfasser: Schackmann-Fallis, Karl-Peter
Format: Artikel
Sprache:eng
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Zusammenfassung:The European Commission's current initiative to commence consultations on the action plan to build a Capital Markets Union is to be welcomed. The objective must be to create a stable and sustainable financial system, providing all households and companies with appropriate access to financial services. Measures implemented in connection with the aspired-to Capital Markets Union must in no way weaken the classic bank loan and bypass the needs of companies. What is important in the first instance is a critical review of existing financial market regulation. The objective should be an integrated regulatory framework, avoiding regulatory duplication and inconsistencies, while taking account of cross-references to the respective regulations.
ISSN:0340-1707
1861-1559
DOI:10.3790/vjh.86.1.69