Capital Markets Union could fly as Commission sets out ‘realistic’ vision

The European Commission’s draft green paper on Capital Markets Union, is “remarkably realistic and unidealistic”, according to Clifford Chance’s Simon Gleeson, a partner in financial market and regulatory law. The paper, due to be released on February 18, proposes tackling prospectus rules, SME credit scoring, revamped securitization rules, private placements and long term investment funds in the first phase of the project.