Huw Pill

Goldman Sachs Economists on EU Capital Markets Union: Talks at GS Session Highlights

Huw Pill, Jim Esposito, Philippe Ithurbide, William Wright

As European economies transition from crisis management to long-term structural growth, a strategic push is underway to establish a Capital Markets Union that diversifies funding beyond the banking sector. This initiative targets critical barriers such as fragmented exchange infrastructure, inconsistent insolvency laws, and information asymmetries that currently hinder SME access to public markets. Panelists recommend immediate regulatory harmonization and technology-driven standardization to unlock deep pools of long-term capital, ensuring that medium-sized enterprises and infrastructure projects can secure sustainable financing.