The concept of a union between the capital markets of EU member states is an idea few would dare dismiss. Promising to bring growth across the region, EU commissioner for financial services Lord Jonathan Hill’s plan to create a capital markets union (CMU) is widely accepted to be a good idea, and even long overdue. When looking at the details of such a union, however, some issues are likely to cause disaccord – and potentially even challenge the EU's structure.
Since Mr Hill published plans for the CMU in February 2015, evidence of its worth has been recognised across the board.
