Financing the Real Economy in the Capital Markets Union Era - Recommendations for Policy Action

von fpmi

Report commissioned by the Munich Financial Center Initiative (FPMI)

This report deals with the significance of the Capital Markets Union (CMU) for corporate finance. It begins by evaluating the status quo with regard to capital market-oriented and bank-based corporate finance in Germany. The subject matter and background of the CMU are then illuminated and the CMU is subjected to a qualitative analysis. The last section of the assessment features recommendations for action derived from the analysis.

Expert Opinion: Capital Markets Union

About the Munich Financial Centre Initiative:
Bavaria, with its centre in Munich, is one of the most important financial centres in Europe, the largest insurance centre in Germany, the second largest German banking location and a leader in private equity, venture capital, leasing and asset management. The Munich Financial Centre Initiative brings together all important companies, associations, institutions as well as scientific and government institutions from the financial sector to speak with one voice. Founded in 2000 under the significant commitment of the Bavarian Ministry of Economic Affairs, the initiative now has fifty members, more than any other financial centre initiative in Germany.

Dr. Nikolaus Faulstroh
c/o Bayerische Börse AG
Karolinenplatz 6, 80333 München
Phone: 089 549045-0

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