European Central Bank President Christine Lagarde has expressed concerns about the lack of progress in establishing a unified capital markets framework in the European Union.

Lagarde emphasized the need for integration in capital markets, citing the region's failure to innovate and the challenging geopolitical environment.

She highlighted the significant loss of time resulting from the EU's inaction, echoing similar sentiments expressed at the same event in 2023.

Lagarde's call for a more cohesive approach to capital markets is driven by increasing competition and economic pressures in Europe, underscoring the importance of swift and decisive action to enhance financial stability and growth.