Going gets tough for Europe’s capital markets union
The new European Commission has its work cut out if it wants to relaunch efforts to create a single market for capital in Europe. The easy wins were banked by the previous administration, while Brexit is complicating an already highly complex initiative.
When the European Commission first started advocating a capital markets union (CMU) in 2014, there was no doubt that the City of London would be its driving force.Jonathan Hill, the UK Commissioner, was selected to run the project. And it was easy to see how London, with ...
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