European Commission unveils capital markets union ‘action plan’
European capital markets must be standardised and liberalised, commission says
The European Commission today (September 30) unveiled its "action plan" for a capital markets union (CMU) in Europe - a collection of measures aimed at liberalising finance across the region. It presented specific proposals for reforming the regulation of securitisation markets and investments in infrastructure projects.
The plan's goal was to "build a single market for capital from the bottom up, identifying barriers and knocking them down one by one," the Commission said. It pledged to "move
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