The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy.
Jonathan Faull, Director General, Financial Stability, Financial Services and Capital Markets Union, European Commission, and Jacqueline Minor, Head of European Commission Representation in the UK, discuss what the benefits and obstacles of a Capital Markets Union may be.