The benefits of greater harmonisation in Europe’s capital markets are well understood: improved access to credit and other forms of finance, fostering economic growth and helping to reduce financial instability. Despite its virtues, however, the reality of a single Europe-wide market for all forms of capital continues to elude the region’s policymakers. With Brexit looming, the European Union needs to learn the lessons of past efforts at post-trade simplification to push ahead.
Launched in 2014
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines