The EU’s capital markets quest

In this episode of The Sound of Economics, host Rebecca Christie discusses how common financial-services supervision could jumpstart the EU single market with Bruegel’s Nicolas Véron and Enrico Letta, former Italian prime minister and author of the EU’s flagship single-market report. They talk about ways to boost the European Securities and Markets Authority, the current regulator, and move away from national silos by putting ESMA offices in every member state. They also discuss how better capital markets would make the EU more competitive and lead to a stronger and safer European economy.

Relevant research:

• Letta, E. (2024) "Much more than a market - Speed, Security, Solidarity", Report
• Véron, N. (2025) "Breaking the deadlock: a single supervisor to unshackle Europe's capital markets union", Blueprint, Bruegel