BlackRock remains strongly supportive of the Capital Markets Union (CMU). Building deeper, better-connected capital markets in Europe is an important objective to promote investment, realise the goal of a true Single Market for capital, and help European savers and companies realise their long-term financial objectives.
To date, the CMU has built a policy agenda that, when seen through to completion, will provide a framework for advancing this aim. But important challenges remain, and some of the remaining barriers will be difficult to break down, both technically and politically. We see the most valuable way to add greater imperative to addressing these challenges is to refresh the CMU agenda so that it can deliver something meaningful and tangible for European citizens: improved ability to save more effectively in the long-term and to better connect to broader economic prosperity
