Who are the key brakes on the Capital Markets Union | EUROtoday

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Anyone who speaks to financial institution bosses today can hardly keep away from the phrase. At some level within the dialog, a cumbersome time period is certain to come back up that rolls off the lips of the boys (and some girls) within the trade: capital markets union. When Christian Sewing talks about it, you may hear a little bit ardour even within the in any other case sober CEO of Deutsche Bank: the EU should enhance the framework circumstances for capital market transactions, and this should not fail. A Frenchman like Philippe Oddo, head of the German-French non-public financial institution Oddo BHF, is probably naturally inclined to make use of greater phrases when he says, as he did lately in an interview with FAS: “Yes, we need the capital markets union.” It is about nothing lower than Europe's sovereignty.