Date: 20th December 2018

A strong European CMU requires the trust of citizens as individual investors, policy holders, pension savers and other savers. And defusing the pensions time bomb requires positive and decent real long term returns to pension savers. Those can only be reached by increasing the attractiveness of the EU capital markets to the benefit of all market participants. BETTER FINANCE therefore sees a need for a real renaissance of the CMU, especially as Brexit is looming, and, following CMU 1.0 in 2015 and CMU 2.0 which added several “Actions” in 2017, recommends the “CMU 3.0” actions for 2019.