EU lays out plan to directly approve complex debt

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EU lays out plan to directly approve complex debt

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European flags in front of headquarters of European commission in Brussels in summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

The EU has laid out how it plans to change the roles of the European supervisory authorities (ESAs), including giving the European Securities and Markets Authority (ESMA) direct authority to approve prospectuses for wholesale debt issues.

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