Weidmann leads support for capital markets union

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Frankfurt, host of the IIF Europe Summit 2015

Jens Weidmann highlighted the "complementarity" of bank-based and market-based finance today (June 25), as the Deutsche Bundesbank president made the case for a European capital markets union.

European policy-makers are working to create a more diversified financial system, which remains reliant on bank-based finance, in contrast to the US, where market-based finance has flourished.

"The crisis has shown that Europe's one-legged bank-based financial system could do with another fully developed l

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