Post-crisis financial regulation of banks and new regulations being developed for insurance companies have likely contributed to the dearth of financing for EU companies. The Commission must consider the adverse impact that regulatory measures, both at Union and Member State levels, have had on business finance. Reducing the regulatory burden will go a long way in furthering the goals of the CMU, without the negative systemic consequences of centralisation.
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EPICENTER, the European Policy Information Center, is an independent initiative of six leading think tanks from across the European Union. It seeks to inform the EU policy debate and promote the principles of a free society by bringing together the economic expertise of its members.