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Capital Markets Union and the Fintech Opportunity

Author

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  • Maria Demertzis
  • Silvia Merler
  • Guntram Wolff

Abstract

Complementing Europe’s bank-based system with deeper capital markets and more cross-border financial integration promises benefits, but despite long-running debate and policy action, financial system change remains slow. Fintech has the potential to change financial intermediation structures substantially. It could disrupt existing financial intermediation with new business models empowered by intelligent algorithms, big data, cloud computing and artificial intelligence. Lower costs and potentially better consumer experiences could be the driving forces....
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Suggested Citation

  • Maria Demertzis & Silvia Merler & Guntram Wolff, 2018. "Capital Markets Union and the Fintech Opportunity," ULB Institutional Repository 2013/386947, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/386947
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    References listed on IDEAS

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    1. Sam Langfield & Marco Pagano, 2016. "Bank bias in Europe: effects on systemic risk and growth," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 31(85), pages 51-106.
    2. André Sapir & Guntram B. Wolff, 2013. "The neglected side of banking union- reshaping Europe’s financial system," Bruegel Policy Contributions 792, Bruegel.
    3. André Sapir & Dirk Schoenmaker & Nicolas Véron, 2017. "Making the best of Brexit for the EU27 financial system," Bruegel Policy Brief 18927, Bruegel.
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