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.
Jon Danielsson, Co-Director of the Systemic Risk Centre, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be.