Footnotes:
1 See European Commission, ‘Capital Markets Union—Accelerating Reform’ COM (2016) 601 final (14 September 2016). See also European Commission, ‘Commission Work Programme 2017—Delivering a Europe that Protects, Empowers and Defends’ COM (2016) 710 final (25 October 2016) 9; See European Commission, ‘Mid-Term Review of the Capital Markets Union Action Plan’ COM (2017) 292 final (8 June 2017).
2 See COM (2016) 601 final (n 1) 2.
3 See European Commission, ‘Action Plan on Building a Capital Markets Union’ COM (2015) 468 final (30 September 2015).
4 See eg Danny Busch and Guido Ferrarini (eds), European Banking Union (OUP 2015).
5 See Danny Busch, ‘A Stronger Role for the European Supervisory Authorities in the EU27’, ch 3 in this volume; Emilios Avgouleas and Guido Ferrarini, ‘The Future of ESMA and a Single Listing Authority and Securities Regulator for the CMU: Costs, Benefits, and Legal Impediments’, ch 4 in this volume.
6 See Nicolas Véron and Guntram Wolff, ‘Capital Markets Union: A Vision for the Long Term’ (2016) 2 Journal of Financial Regulation 130, 132.
7 Regulation (EU) 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 [2013] OJ L176 (27 June 2013) 1–337.
8 As regards Better Regulation, see eg European Commission, ‘Better Regulation: Delivering Better Results for a Stronger Union’ COM (2016) 615 final (14 September 2016).
9 ‘Interinstitutional Agreement of 13 April 2016 on Better Law-Making’ [2016] OJ L123/1.
10 See COM (2016) 710 final (n 1) 16.
14 The full title of CRD IV (Capital Requirements Directive IV) is as follows: Directive 2013/36/EU of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC, [2013] OJ L176 (27 June 2013) 338–436. As regards the CRR (Capital Requirements Regulation), see n 7 above.
15 See European Commission, ‘Summary of Contributions’ (n 13) 8–9.
16 See COM(2016) 855 final (n 13) 4–7 (many more policy actions are listed here). The CCR2 package refers to the combination of risk reduction measures in the following proposals: Proposal for a Regulation of the European Parliament and the Council amending Regulation (EU) No 575/2013 and Regulation (EU) No 648/2012 COM (2016) 850 final (23 November 2016); Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU COM (2016) 854 final (23 November 2016); Proposal for a Directive of the European Parliament and of the Council amending Directive 2014/59/EU COM (2016) 853 final (23 November 2016); Proposal for a Regulation of the European Parliament and the Council amending Regulation (EU) No 806/2014, COM (2016) 851 final (23 November 2016).
17 See European Commission, ‘Summary of Contributions’ (n 13) 12–13.
18 COM (2016) 855 (n 13) 7–9.
19 See European Commission, ‘Summary of Contributions’ (n 13) 13–6.
21 See several chapters included in this book and see eg Diego Valiante, Europe’s Untapped Capital Market—Rethinking Financial Integration after the Crisis (CEPS Paperback, Rowman & Littlefield International 2016); Véron and Wolff (n 6).