EU auditor: CMU ‘results still to come’

By Jasper Cox
12 Nov 2020

The European Court of Auditors has said that the EU’s Capital Markets Union still needs a lot of work and that obstacles to capital flowing across borders often relate to national laws. It also did not see signs of growth in the securitization market.

The ECA released its special report on the CMU on Wednesday, a few months after the European Commission released a new action plan for the project.

In its report, the EU’s external auditor said that “results are still to come” from the Commission’s CMU efforts, as many ...

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