Mr Lee Foulger, a Cabinet Member to Commissioner Jonathan Hill with responsibility for Financial Markets and Capital Markets Union, will give a Cabinet-level view of progress and challenges to the Capital Markets Union during an EU Committee lunch.
The creation of a Capital Markets Union is a key pillar of the Juncker Commission’s Investment Plan. The Commission is exploring ways of reducing fragmentation in financial markets, diversifying financing sources, strengthening cross border capital flows and improving access to finance for businesses and SMEs. Under the proposed plan, investment and finance systems in Europe that have traditionally relied on banks will be complemented and diversified. The aim is to unlock capital that is currently frozen in Europe, giving savers the possibility to better invest their funds across borders and giving businesses the opportunity to raise funds from a diverse range of sources.
Member of Dombrovskis Cabinet | European Commission
Lee Foulger is a Cabinet Member for Vladis Dombrovskis covering Financial Markets and Capital Markets Union. He was also a Cabinet Member to Commissioner Jonathan Hill, prior to Hill’s resignation. Mr Foulger started his professional career at the HM Treasury in 2001, where he obtained various different positions dealing with financial services, growth and taxation. Following that, he was involved in the creation of the ESAs, bank resolution and shadow banking at the European Commission. Between 2011 and 2014 he worked as the Head of Securities Markets Policy at Deutsche Bank, covering capital markets regulations.