Ad
London has benefited from being the EU's financial capital, despite it being outside the euro area. (Photo: Ralph .)

EU wants to fast-track the capital markets union

The UK's exit from the EU makes a union of the 27 national capital markets more urgent, the European Commission said on Thursday (8 June).

"As we face the departure of the largest EU financial centre, we are committed to step-ping up our efforts to further strengthen and integrate the EU capital markets", said commission vice-president Valdis Dombrovskis, who is in charge of financial services.

Dombrovskis presented a mid-term review of the Capital Markets Union (CMU),

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Ad
Ad