The European Commission is taking steps towards a more sustainable financial system in Europe, but must double its efforts to create a truly resilient system that Europe needs, writes Anne van Schaik.
MEPs reached an agreement with national governments and the European Commission on Tuesday (30 May) to revive the continent’s securitisation market, paving the way towards the creation of a Capital Markets Union
More often than not, the European Union is accused of overpromising and under delivering. That´s hardly the case in the Commission’s modest and pragmatic approach to the Capital Market Union (CMU). But as the midterm review of the financial flagship initiative nears, pragmatism is no excuse to miss an opportunity, writes Paul Tang.