Discover and read the best of Twitter Threads about #CapitalMarketsUnion
Most recents (5)
Wake up to the sound of 'bankers whining', Europe must be doing something right. ft.com/content/084b39…
Reminder BlackRock and other carbon financiers lobbied Brussels hard against double materiality, against reporting, and eventually being penalised for the destructive climate impact of their lending
Bankers are whining using the usual two 'Panda bears killed by your mean regulation' - SMEs and #CapitalMarketsUnion.
Every single time.
Every single time.
A year from the #CapitalMarketsUnion action plan, we are delivering on our commitments, proposing measures to boost 🇪🇺 capital markets.
Today’s package improves companies' ability to raise capital in 🇪🇺 and ensures Europeans get the best deals for their savings and investments.
Today’s package improves companies' ability to raise capital in 🇪🇺 and ensures Europeans get the best deals for their savings and investments.
The #CapitalMarketsUnion package has a strong focus on helping small companies in small capital markets, making it easier for SMEs to find and access various sources of funding.
#CMU
#CMU
Our proposals will ensure investors to have better access to company and trading data, enhancing efficiency and integration of capital markets across the 🇪🇺.
#CMU
#CMU
remember 2008 GFC, when we became experts on shadow banking & regulators finally accepted securitization can create systemic risk instead of better distributing it?
12 years later, European Banking Authority + European Commission quietly dismantling that regulatory regime.
12 years later, European Banking Authority + European Commission quietly dismantling that regulatory regime.
when Lord Hill got Finance portfolio at European Commission as olive branch to Cameron government in 2014, we got #CapitalMarketsUnion - a Trojan horse for private finance lobbies to fight back against FTT and bank structural separation plans of European Parliament
CMU rapidly became market-building strategy: 'we are back to working with, not on, finance' (Lord Hill) to breathe new life into European securitization market through STS initiative: simple, transparent & standardised securitization.
Senior STS tranche = preferential regulation
Senior STS tranche = preferential regulation
in another Alice in Euroland moment, the High Expert Panel urging the revival of #CapitalMarketsUnion has managed to write 120 pages without addressing the question of fragmented sovereign bond markets in the Euroarea.
ft.com/content/7c70a8…
ft.com/content/7c70a8…
while @Lagarde tells European Parliament that sovereign bond fragmentation tightens private financing conditions asymmetrically - hence 'target the spread'
the single most important European initiative on capital markets embraces 'if we dont talk about it, maybe it will go away' approach.
when it mentions sovereign bonds, it is to promote deregulation (of market makers) and securitisation (of sovereign bonds) or #shadowbanking
when it mentions sovereign bonds, it is to promote deregulation (of market makers) and securitisation (of sovereign bonds) or #shadowbanking
my @FTAlphaville guest post - @WorldBank's Maximising Finance for Development agenda is constructing a new financial world order with #shadowbanking at its core @KevinPGallagher @AnnPettifor @BJMbraun @ingridharvold @eurodad ftalphaville.ft.com/2018/10/29/154…
post develops at greater lengths ideas of our open letter to #am2018bali , signed by 120 scholars from Global North & South, also addressing questions from @CarterPaddy criticalfinance.org/2018/10/10/the…
I also ask whether the African Development Bank's synthetic securitisation deal deserves the kind of unreserved celebration it has received - what kind of development agenda does it finance @SonyKapoor
