The Capital Markets Union (CMU) is a plan set out by the European Commission aiming to create deeper and more integrated markets within the 28 EU Member States so as to raise nonbank financing and strengthen cross-border capital flows. The proposed plan will help encourage investments and boost jobs and growth of the economy.
Tim Frost, Director and Founder, Cairn Capital and Governor, London School of Economics and Political Science, discusses what the benefits and obstacles of a Capital Markets Union may be.