CEPS © 2019

Ten years after EULEX Key principles for future EU flagship initiatives on the rule of law
Policy Contribution

More Union for the EU’s IPO Market

23 March 2016

More Union for the EU’s IPO Market

Download Publication

1750 Downloads

In his assessment of the latest draft prospectus Regulation, published on 30 November 2015, Karel Lannoo argues in this ECMI Commentary that the text goes somewhat further than the European Commission has previously entertained, but it falls short of creating a European market. In his view, the Commission is hostage to its own (or member states’) unwillingness to expand the powers of the European Securities and Markets Authority (ESMA) to become an EU-wide listing authority. In short, the Union that the EU wants to create for capital markets still seems a distant ambition.

Karel Lannoo is Chief Executive Officer at CEPS and General Manager of ECMI.


About the Author


More Union for the EU’s IPO Market
Download Publication

1750 Downloads