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Halfway there: the Capital Markets Union (CMU) plan
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20 Apr
2017

Halfway there: the Capital Markets Union (CMU) plan

  • 20th April 2017
  • Darshna Pindoriya

The Capital Markets Union (CMU) is the European Commission’s (EC) plan to mobilise capital in Europe through growth, reduce the EU economy’s reliance on banks for loans and create jobs, including youth employment. Heavy reliance on the banking sector for funding needs remains, which is why one of the main actions in the CMU plan Read More

29 Jan
2016

Highlighting the legislative inconsistencies impacting cross-selling under MiFID II

  • 29th January 2016
  • Aisha Dudhia

On 22 December 2015, ESMA published 10 guidelines on cross-selling practices under MiFID II.  However, as noted in our previous article, these guidelines were not released as initially intended by the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA. Alongside the guidelines, ESMA put out a press release stating that “in light of Read More

02 Sep
2015

ESMA’s proposal for changes to EMIR

  • 2nd September 2015
  • Stefan Cristian Dorin

JWG analysis. Derivative contracts are not a financial innovation of recent decades, allegedly coming into use around 1700 BC in ancient Mesopotamia.  On 16 August 2012, a new chapter in derivatives’ history was written when the European Market Infrastructure Regulation (EMIR) entered into force, as part of a global initiative to reduce counterparty and operational Read More