Legislative proposals on the Capital Markets Union (CMU) are coming in thick and fast. Following last week’s presentation of two action plans on sustainable finance and financial technology (see EUROPE 11977), the European Commission presented a package on Monday 12 March, containing four further legislative proposals, which were announced in its mid-term action plan (see EUROPE 11804), aiming to remove the final obstacles to cross-border investments.
These programmes are accompanied by a...