Contributor(s): Jonathan Hill | The development of a single capital market in Europe is one of the major undertakings of the Juncker Commission. Several important initiatives are already underway, for example new prospectus legislation. When complete, the single capital market will enhance Europe's innovation and high-tech industries. Jonathan Hill (@JHillEU) is the current European Commissioner for Financial Stability, Financial Services and Capital Markets Union. Charles Goodhart is Emeritus Professor of Banking and Finance with the Financial Markets Group at the London School of Economics, having previously, 1987-2005, been its Deputy Director. Until his retirement in 2002, he had been the Norman Sosnow Professor of Banking and Finance at LSE since 1985. The LSE European Institute (@LSEEI) is celebrating its Twenty Fifth Anniversary in 2016. It is a centre for research and graduate teaching on the processes of integration and fragmentation within Europe. In the most recent national Research Excellence Framework (REF 2014) the Institute was ranked first for research in its sector. The Financial Markets Group Research Centre (@FMG_LSE) at LSE is one of the leading centres in Europe for academic research into financial markets. The Systemic Risk Centre (SRC) (@LSE_SRC) was set up to study the risks that may trigger the next financial crisis and to develop tools to help policymakers and financial institutions become better prepared.