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By Aurélie CASSOU, ABBL
On 24 September the European Commission published its second Capital Markets Union (CMU) action plan. It came as no surprise, as the Commission had already announced its ambition to further its first CMU action with a new plan. This time, instead of the usual stakeholders consultation, the Commission set up a High Level Forum to put forward proposals. The Forum delivered its proposals last Spring, and the Commission took the summer to reflect on these suggestions, and receive comments from stakeholders, including the European Parliament Economic and Monetary Committee (ECON), who adopted a report with its own wish list on 10 September.
The political motivations behind this action plan represent quite a few of the...
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