Europe Pushes Ahead on Long-Awaited Capital Markets Union
- Commission to propose rules on market data, investor access
- Project to build cross-EU system was first announced in 2015
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The European Union moved forward Thursday on trying to build a cross-continental financial system with four new legislative proposals, six years after it was first announced and a year after the latest relaunch.
The EU’s executive arm hopes a “capital markets union” will break down barriers between 27 national financial markets and rulebooks to help companies raise money within the bloc.