A European Capital Markets Union: What? Why? How?
Mayer Brown Legal Update
On 18 February 2015 the European Commission launched a consultation on Capital Markets Union ("CMU"). The consultation closes on 13 May 2015 and is accompanied by two related consultations (on high quality securitisations and a review of the Prospectus Directive) which identify possible and relatively short term action points. The consultation papers are genuinely consultative and the Commission is offering interested parties a real opportunity to shape CMU.