Fresh EU push for single securities supervisor to compete with US
But MEP expresses ‘concern’ EU nations will stall revival of capital markets union
European lawmakers are urging the creation of a single European securities supervisor, to match the role of the US Securities and Exchange Commission (SEC) and help stimulate greater use of capital markets in the European Union. But they fear political objections from individual member states could still scupper any move towards closer integration.
“The biggest [step] and essential one is we are ready to talk about single supervision,” said Isabel Benjumea, a Spanish member of the European
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