EMEA news roundup: busy bees

Author: Lizzie Meager | Published: 28 Jun 2017
No rest for the EU financial markets this summer

It's fair to say this has been the busiest summer for EU financial markets and regulation in… well, about a year. June saw the midterm review of the EU's prized capital markets union (CMU) just shy of two years in. The prognosis is overall positive; the paper reports that around two-thirds of the 33 actions in the original action plan have already been delivered and the new iteration sets out nine new policy goals to focus on. Of those nine, the policy naturally grabbing the most headlines is a proposal to give European authorities, notably the European Securities and Markets Authority (Esma), more supervisory and enforcement powers. Brexit isn't exactly spelled out, but it's acutely inferred as a cause.

Those in the market were disappointed to not...