Squaring the Circle of Banking Regulation and Capital Markets in Europe

Créé le

07.01.2020

L’émergence d’une véritable Union des marchés de capitaux en Europe ne peut pas se faire sans le secteur bancaire. Le régulateur doit donc veiller, lors de la transposition du dernier accord de Bâle III, à ne pas inciter les banques européennes à réduire encore davantage leurs activités de marchés.

Squaring the Circle of Banking Regulation and Capital Markets in Europe

Jacqueline Mills

Managing Director, Head of the Frankfurt Office Association for Financial Markets in Europe (AFME)

Banks’ investment and trading activities are fundamental for the functioning of European capital markets. They assist governments, corporates and businesses to raise funds through the issuance of new securities and use their balance sheets to support these fund-raising activities by making secondary markets in the securities issued. This facilitates liquidity by lowering the borrowers’ initial funding costs in the process. Through their capital markets activities, banks also provide hedging solutions to a wide range of corporates and institutions, facilitating access to investment and ...