MEPs call for ESNs as part of new CMU drive

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By Tyler Davies
11 Sep 2020

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 ...

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