The regulatory challenges for Europe's capital markets union

Discussion crystallises over regulatory streamlining


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) and co-author of the trade body's proposal paper on the capital markets project. Published in

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