Mersch lays out path to capital markets union

Yves Mersch
Yves Mersch

The European Central Bank's (ECB) Yves Mersch believes "institutional adjustments" will be necessary to create a capital markets union in Europe.

Speaking at the launch of a new euro exhibition in Osnabrück, Germany, the executive board member outlined the case for harmonised regulation, but said more needed to be done.

It would be possible, he said, for new legislation that leaves "no room for interpretation" to be adopted in every eurozone country, but suggested a more "flexible" approach

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