Activities Report 2015

The publication of this Annual Report coincides with the release of an in depth study on Europe's Capital Market, which started at the end of 2014. 'Europe's Untapped Capital Market: Rethinking Integration After the Great Financial Crisis' is the product of an expert group that brought together many of ECMI's members experts in the course of 2015, enriched with new research on the pillars of and the impediments to a real Capital Markets Union.

For ECMI's 2015 Annual Conference, we were honoured to have a keynote address by Commissioner Lord Hill, followed by a rich debate on the state of play in the different layers of capital markets. Other seminars in the course of 2015 discussed new developments and old cures. We are happy we could further extend the reach of the institute by adding new members and growing our outreach.

The unfolding of the Capital Markets Union project will undoubtedly keep us busy for some time ahead. The question however remains whether the goal will come nearer.

Karel Lannoo, CEO of CEPS and General Manager of ECMI