2023 Annual Activities Report

The debate over the design of EU capital markets continues to linger, and is likely to remain a topic of discussion for some time to come.

Since the publication of our report “Time to re-energise EU capital markets”, we have continued our work on aspects of capital market policy. Recent areas of research include: the retail investment strategy, taxation and capital flows, crypto and digital currencies, the fall-out of the March 2023 financial troubles, and EU securities and company law developments.

Our crucial work on capital markets is the result of a combined re-emergence of the single market and competitiveness as policy priorities. The lack of a single market undermines the attractiveness of EU capital markets, incentivising Europeans to invest elsewhere, and thus weakening EU competitiveness.

In 2024 we aim to help set the priorities for the next EU Commission in this domain, whilst also contributing our own innovative ideas.

Karel Lannoo, CEO of CEPS and General Manager of ECMI