Aiming to serve as the European counterpart, supplanting London's role.
Rewritten Article:
Euronext CEO Stéphane Boujnah sees the re-election of Donald Trump as a "call to arms" for Europe. Trump's presidency, according to Boujnah, represents a policy where the United States appears to be making moves "selfishly," as he told the Börsen-Zeitung in an interview. To counter this, Europe must speed up integration, churn out more powerful European financial titans, Boujnah argues, or risk being caught in a defensive position. To remain relevant in global financial markets, Europe needs quicker decision-making and "big players," he adds.
Boujnah, who has led Euronext since 2015, growing the exchange from four to seven nations, advocates for increased collaboration. He suggests a "single prospectus for IPOs," much like the U.S.'s S1-forms, as a first step on the Euronext group's seven exchanges, with plans to extend it to other major markets such as Germany and Spain. The aim is to bolster Europe's strength in initial public offerings (IPOs), with a goal to dethrone London as the primary European platform.
Despite his optimism about the IPO pipeline for 2025, Boujnah cautions about Europe's glaring limitation – a "shortage of cash." He proposes introducing a pension system based on capital, as liquidity fuels any IPO market. He believes this would steer household savings towards capital markets, paving the way for a "new risk perspective." In the current system, banks and insurers face high barriers for capital allocation.
Boujnah has scrapped plans for a joint IPO platform with the Deutsche Börse, claiming, "It's like constructing a regional airport no airline wishes to fly to."
Boujnah's leadership at Euronext suggests a dedication to positioning Europe as a key player on the global finance stage. This may involve enhancing Euronext's offerings to entice more listings and investments, ultimately solidifying Europe's standing in the IPO market. Additionally, Boujnah's focus on volatile and fearful global markets and concerns over the U.S. resembling an emerging market plot a course for Euronext's strategic initiatives, which may involve integrating financial systems and fostering investments within Europe.
- Under the leadership of Euronext CEO Stéphane Boujnah, Europe aims to counter the perceived self-serving policies of the United States by accelerating integration, creating more powerful European financial entities, and promoting a single prospectus for Initial Public Offerings (IPOs) across its seven exchanges, potentially extending to Germany and Spain.
- In his speeches, Boujnah emphasizes the need for quicker decision-making, big players, and a revamped pension system based on capital to combat Europe's glaring limitation - a shortage of cash - which would fuel the IPO market and provide a new risk perspective.
- The re-election of Donald Trump has spurred Boujnah to see this as a "call to arms" for Europe, with the presidency representing a policy wherein the United States appears to be making moves selfishly in the realm of policy-and-legislation, business, and finance.
- Despite plans for a joint IPO platform with the Deutsche Börse not materializing, Boujnah remains focused on positioning Euronext as a key player on the global finance stage by enticing more listings and investments, thereby bolstering Europe's standing in the IPO market and enhancing its competitiveness.
- In light of volatile and fearful global markets, Boujnah plots a course for Euronext's strategic initiatives, which may involve integrating financial systems and fostering investments within Europe, ultimately creating a more resilient European economy and shaping the general news landscape.
