A report commissioned by European Union member states suggests rebranding the Capital Markets Union (CMU) a “Savings and Sustainable Investment Union”. Specific proposals include all large sovereign borrowers issuing green bonds, facilitating IPO access for smaller companies, and a group of select countries readying to harmonise insolvency rules.
The EU’s CMU project must undergo a policy shift during the next five years, a group of experts have argued in a report published on Wednesday.
The CMU, which was launched in 2014 by the European Commission, has aimed to strengthen European capital markets. It was “very much focused