The European Union's efforts to create a capital market to rival the United...
LONDON - The European Union’s efforts to create a capital market to rival the United States have made little headway and the project needs a new push to remove barriers that hamper progress, bankers said on Friday.
The CMU, launched in 2015, has been a central plank of the current European Commission’s mandate that ends in the summer. But after a reset of the project in 2017 and adoption of 11 new EU laws, most companies in Europe still get their money from banks. “It is clear though that the European CMU project needs a reset. The fundamental and structural obstacles that stand in the way of an integrated Capital Markets Union need to be identified and removed,” Sabatini said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swearing by the EU - UK's anti-Brexit Lib Dems opt for earthy election sloganBritain's pro-EU Liberal Democrats are showcasing their European election c...
Read more »
Gender balance ‘difficult to achieve’ in top EU posts, warns TuskGender parity among the most senior EU positions may be 'difficult to achieve,' European Council President Donald Tusk said
Read more »
Apple is reportedly set to face an EU investigation over Spotify's competition complaintSpotify's complaint alleges Apple Music gives the U.S. tech giant an 'unfair advantage' over rivals.
Read more »
Greek police make refugees homeless amid rise in EU-wide hate rhetoricRefugee families have been left homeless after Greek police raided and evicted a squat in Athens. (file image)
Read more »
Iran says EU should uphold nuclear deal obligations, normalize economic ties: Zarif on TwitterEU countries should uphold their obligations in the nuclear deal with Iran and n...
Read more »
How is Brexit affecting FDI into Britain?Foreign investment remains strong, but it would be stronger still were Britain not leaving the EU
Read more »
U.S. and EU concerned by Turkey's plans to drill off CyprusThe United States and European Union have expressed deep concern over Turkey&03...
Read more »
EU wants to avoid escalation of Iran dispute - MerkelThe European Union wants to avoid an escalation in the dispute about Iran's...
Read more »
Blaming government 'failure', Britain's Labour launches European vote campaignBritish Labour leader Jeremy Corbyn will urge both pro-EU voters and Brexit supp...
Read more »
Exit from mainstream looms after Orban rejects EU conservativeThe leader of Germany's conservatives said she expected Hungarian Prime Min...
Read more »
ThyssenKrupp sees room for EU agreement on Tata Steel dealThyssenKrupp said on Sunday it still saw scope for agreement with European antit...
Read more »