EuropeanIssuers just published its Position on CMU Mid Term Consultation.
Although European Issuers has been supportive of the European Commission’s Capital Markets Union (CMU) aimed at deeper and more integrated capital markets in the EU, through reducing the burdens for companies and creating more opportunities for investors, it considers that results remain insufficient.
To create more favourable environment fostering growth and jobs and meet the concerns of companies, as end users of capital markets, certain new initiatives should be taken, while some of the planned ones should be abandoned.
In addition, the CMU project needs some reflection and changes to compensate for the consequences of UK’s referendum to leave the EU.