The Draghi report had some specific proposals which are rather realistic:
> Reduce capital market fragmentation
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> A. Introduce a European Security Exchange Commission
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> B. Reduce regulatory fragmentation to deepen the CMU
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> C. Encourage retail investors through the offer of second pillar pension schemes where the successful examples of some EU Member States can be replicated.
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> D. Assess whether further changes to the capital requirements under Solvency II are warranted by further reducing the capital charges on equity investments held for the long term.
SEs are public companies, and must have at least €120k in capital during formation.
The proposed EU Inc. will be for private companies with no capital requirements.