The transformation of the German economy requires significant investment and thus extensive financing. Against this background, the report “Capital Markets, Economic Growth and Transformation Financing” by Prof. Christoph Kaserer, TU Munich, and Prof. Marc-Steffen Rapp, Philipps-Universität Marburg, analyses the development of German financial and capital markets in an international comparison, highlights corporate financing and concludes
Transformation financing
Political Lunch in Berlin: Capital markets, economic growth and transformation financing
‘Where should the financing for investments in the digital and sustainable transformation of the German economy come from?’ This question was the subject of a political lunch in Berlin, organised by KfW and the Capital Markets Union Foundation Project in cooperation with TSI. The 25 or so participants from the fields of politics, business and
Noyer Group publishes report on revitalising the Capital Markets Union – securitisation central element
The Noyer Group published its final report on April 25. The working group, chaired by Christian Noyer, former Vice President of the ECB, was initiated by French Finance Minister Bruno Le Maire. At the beginning of the year, it was entrusted with the task of developing proposals for the revitalisation of the Capital Markets Union.
Final report “German Securitisation Platform” published
The economy is facing a historic challenge: the transition towards a sustainable and digital future. The accompanying need for financing is enormous and it will be crucial to success to mobilise these necessary funds. Particularly in Germany’s SME-dominated economic structure with its three pillars of the banking market, securitisations can and must make an important
A French-German roadmap for the CAPITAL MARKETS UNION
The most recent paper dated 13th September 2023 outlines a joint initiative by France and Germany to enhance the Capital Markets Union (CMU) in the European Union (EU). The primary focus is on mobilizing private capital for financing the transition and improving the role of capital markets in funding businesses. It is especially worth to




