EU sets out new attempt to deepen capital market: document

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The EU executive will commit to 16 “actions” in total to complete a Capital Markets Union or CMU over the next two years and help the bloc’s economy recover from the coronavirus pandemic, the document seen by Reuters showed.

“The Commission will start work on the actions announced in this action plan by launching public consultations on the legal framework for European long-term investment funds and non-bank insolvency shortly,” the document said. “The CMU cannot be built in a single stroke.”