On June 16, 2015, the European Parliament published a press release announcing that its Economic and Monetary Affairs Committee (ECON) has adopted a resolution on the capital markets union (CMU).
The adopted resolution has not yet been published, although the press release highlights:
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ECON wants to see a balanced approach towards the CMU, with non-bank sources of finance being developed.
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The need for effective cross-border insolvency rules needs to be addressed.
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Possible changes and additions to the existing regulatory regime should aim at removing entry barriers for small and medium-sized enterprises (SMEs).
