Press releases

Deloitte comments on the EU Commission’s Capital Markets Union (CMU) green paper

18 February 2015

David Strachan, Head of Deloitte’s EMEA Centre for Regulatory Strategy, said: “The Commission has taken a pragmatic approach in developing a CMU.  We support a period of analysis to identify the barriers to a CMU, rather than jumping in with regulatory proposals. The focus will be on finding market-based solutions to these barriers, so that the new regulations will be a last rather than a first resort. This should avoid a sprawling new legislative programme and will not add to the pressure on market participants as they continue to implement post-crisis reforms. However, the challenge will be to hold this line if Member States or the European Parliament seek to be more ambitious in terms of their interventions.”

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

Mark Smith
Deloitte LLP
+44 (0) 20 7007 7082
+44 (0) 75 9004 1301
marksmith@deloitte.co.uk

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