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The achievement of integrated capital markets in the European Union appears simple in concept but has proved difficult in execution. Local preferences often supersede cross-border harmony in critical areas like regulation and supervision. In this erudite report, analysts Karel Lannoo and Apostolos Thomadakis outline a plan to attain more standardized financial markets across EU countries. Policy experts, regulators and financial professionals will find here much worthwhile information on the challenges of building a single capital market in Europe.
About the Authors
Karel Lannoo is the CEO of the Centre for European Policy Studies and general manager of the European Capital Markets Institute. Apostolos Thomadakis is a researcher at both organizations.