Response to the EC’s Call for Evidence on EU Regulatory Framework for Financial Services

As the operators of Europe’s Regulated Markets, FESE members have come together to elucidate a common vision on how European capital markets can finance Europe’s future growth and development and what policymakers and industry can do to accelerate this growth.

We believe that a fundamental re-orientation of Europe’s policies is needed to serve the original goals of the Single Market better. A re-orientation is critical to achieving the objectives of “Europe 2020”, the EU’s growth strategy for the current decade.

FESE has focused its response on highlighting barriers to the Commission’s goals for a CMU across various legislations (both implemented and pending), including MiFID II/MiFIR, EMIR, CRR and FTT. We look forward to an ongoing dialogue with the Commission and stakeholders on the Capital Markets Union project.