The International Monetary Fund has proposed that the European Union improve tra...
LONDON - The International Monetary Fund has proposed that the European Union improve transparency, regulatory oversight and insolvency rules in its proposals to create a capital market system to rival the United States, a senior IMF official said.
The CMU seeks to encourage companies to raise money by issuing stocks and bonds, rather than continuing to raise loans from EU banks, some of which are still struggling to recover from the 2008 financial crisis. Speaking at the London School of Economics on Friday, he said the improvements focused on three areas — transparency, regulatory consistency and insolvency frameworks.
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