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EU Eyes Year-End Deal to Unite Capital Markets

12/16/2025

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Summary

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Maria Luís Albuquerque, European Commissioner for Financial Services, said the EU could finalize a deal on the Capital Markets Union within a year, stressing political will among co-legislators.
Former ECB chief Mario Draghi supported this view, noting internal barriers are more damaging than tariffs.
Albuquerque addressed "gold-plating," where member states impose extra regulations that complicate business and discourage investment.
She urged decisive action to eliminate market fragmentation.

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Story summary

Maria Luís Albuquerque, European Commissioner for Financial Services, said the EU could finalize a deal on the Capital Markets Union within a year, stressing political will among co-legislators.
Former ECB chief Mario Draghi supported this view, noting internal barriers are more damaging than tariffs.
Albuquerque addressed "gold-plating," where member states impose extra regulations that complicate business and discourage investment.
She urged decisive action to eliminate market fragmentation.