The European Commissioner for Financial Services, Mairead McGuinness, said, on Wednesday 7 June, at the annual joint conference on European financial integration, that the Capital Markets Union (CMU)(see EUROPE B13183A3) was facing an implementation problem.
“We all agree with the objectives: competitiveness, open strategic autonomy, financial stability and the green and digital transitions. But on specific issues, conflicting national interests come into play. Too often, the various...