The financial crisis has led to plenty of conclusions in Europe. One among the many is that capital markets and their use for the real economy have been far from optimal. If real improvements could be achieved in this this area in the next few years, then growth could be promoted, alternative financing could be offered, the cost of financing could be lowered and access to funding might be improved. In 2015, the European Commission announced the inception of the Capital Markets Union (CMU) which will be a flagship project from the EU. Continue reading The Capital Markets Union: a New Beginning in the European Financial Sector?
About László Balogh
László Balogh is Deputy Secretary of State in the Ministry of National Economy, responsible for financial policy affairs. In addition he chairs the Board of the National Debt Management Agency. Laszlo is a member of the Economic Policy Committee of the EU. He started his career as a multilateral trade negotiator, later he was posted as an OECD diplomat and had a leading role in Hungary’s accession to the OECD in 1996, finally becoming Hungary’s first ambassador to the OECD. Later, he worked at the Hungarian Financial Supervisory Authority, and then he was a member of both the ESMA Supervisory Board and the ESRB’s Technical Advisory Committee. View all posts by László Balogh →