Core Viewpoint - The European Commission President Ursula von der Leyen emphasized the need to simplify regulatory frameworks for businesses operating in the EU to enhance competitiveness against economies like the US and China [1] Group 1: Regulatory Environment - Von der Leyen highlighted the existence of 27 different financial systems within the EU, each with its own regulatory body, contrasting this with the more unified financial system in the US [1] - She pointed out that there are over 300 trading venues across the EU, leading to significant market fragmentation [1] Group 2: Market Development Goals - The goal is to create a large, deep, and liquid capital market, which aligns with the objectives of the EU's savings and investment alliance [1] - Von der Leyen announced plans to propose a unified market roadmap to EU leaders at the upcoming summit in March, aiming to clarify the timeline for deepening the EU single market initiatives by 2028 [1]