EMU Lab | Building the EU Capital Markets Union

This EMU Lab session encourages an open exchange on the importance of the CMU and its relevance for the Double Transition.
The EU Capital Markets Union was launched in 2015. However, it remains a vision to this day and not a reality. Despite repeated initiatives to put capital markets reforms front and centre of the political agenda, European capital markets remain small, fragmented, and underdeveloped.
This EMU Lab event seeks to answer the following questions concerning the Capital Markets Union:
Why do we need a CMU?
Why have initiatives thus far mostly failed?
What needs to be done to build a successful CMU?
How do we get there?
This event combines discussions and debates on fundamental principles, political economy, and the policy-making process. Speakers and audience participants are invited to take a macro-perspective and to dialogue about the ideas and politics that underpin different visions and pathways for the integration of Europe’s capital markets.
In particular, the EMU Lab aims to promote an open conversation about how far achieving CMU is a necessary condition for pursuing the 'Double' or 'Twin' Transition, a model of the European economy that is both environmentally sustainable and digitally empowered.
The event will also include a global panel of experts, policymakers, and commentators.
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The Economic and Monetary Union Laboratory (EMU Lab) is a collaborative initiative driven by the Tommaso Padoa-Schioppa Chair and the Pierre Werner Chair, aiming to reassess the Economic and Monetary Union's structure in light of current European and global economic conditions. We seek to identify research and policy innovations to promote stability, growth, and fairness in the EMU, enhancing the resilience of the European economy and society.