CMU’s end-of-term report: could have done better

By Jean Comte
07 Mar 2019

As the end of the European Parliament and Commission mandates loom, EU institutions are in a rush to close deals on as many files under the capital markets union (CMU) as possible. But while everyone likes the idea of a CMU, no one is sure how to implement it.

The past weeks have featured agreements on the Pan-European Personal Pension Product (PEPP), sustainable benchmarksthe European Market Infrastructure Regulation (EMIR)investment firms, and covered bonds. Negotiations on the financial supervisory framework continue with vigour, and EU institutions hope to finalise in March a compromise on the relocation of ...

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