The European Commission is making a fresh push for integration of EU capital markets that it says could free up investment from trillions of euros stashed in European savings accounts.
The EU executive on Wednesday proposed a raft of measures including tax incentives for savers to invest in European assets, a review of capital requirements for lenders and insurers, and more centralised market supervision.
“It is about building the solutions that allow us to access the pool of European resources which are quite big,” Maria Luís Albuquerque, the EU’s financial services commissioner, told the Financial Times.
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