Though unsaid, what came out from Mr Murthy’s exposition is that the banks in future may have to be a lot more oriented to customer needs and not just paternalistic in behaviour in the guise of assisting the poor.
Creating a single market for capital across all 28 EU member states by removing barriers to cross-border investment will make a key contribution to improving the absorption of macroeconomic shocks and lessening the impact of heterogeneous economic developments. The creation of a capital markets union could stimulate growth in the European Union substantially.