'Time to assess the effectiveness' of the capital markets union, say EU auditors
Independent external auditors are looking into whether the European Commission has been successful in its work towards creating a capital markets union over the last five years. They are set to publish a report containing their recommendations for the project in 2020.
The European Court of Auditors (ECA) said on Tuesday that it had opened an assessment into the capital markets union (CMU), which was launched in 2015, when Jean-Claude Juncker became president of the Commission.CMU refers to a broad series of different policy initiatives, which have been grouped ...
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