MEPs call for ESNs as part of new CMU drive

MEPs have asked the European Commission to come up with a legislative proposal for a new class of bank debt, known as ‘European Secured Notes’, as they push the executive to fast track its work on establishing a Capital Markets Union.
Members of the economic and monetary affairs committee (ECON) made it clear on Thursday that the CMU project was now in need of “urgent completion”.
They adopted a report describing a number of measures they see as important in helping European companies to improve their access to ...Already a subscriber? Login