The regulatory challenges for Europe's capital markets union
The plan for a single capital market across Europe will take years to implement – and will involve major regulatory restructuring
Fundamental changes in the way European financial supervision works will be needed if the vision of an EU-wide Capital Markets Union (CMU) is to become reality.
"The Commission faces two key questions: first, what kind of union should be built; and second, how far is the EU from achieving that vision," wrote Paul McGhee, director of strategy at the Association for Financial Markets in Europe (AFME
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