Reported about 9 hours ago
The European Union is expediting its timeline for proposals aimed at unified supervision of capital markets, with plans to deliver measures by the end of this year. This move is crucial for enhancing financial support for sectors such as defense and aims to mobilize significant private capital within the EU, including approximately €10 trillion in bank savings. The EU's strategy follows calls from leaders for a stronger financial union to compete with the US and China, amidst a backdrop of regulatory changes in the US and UK.
Source: YAHOO