Analysis: EU adds more pieces to its ‘elusive’ capital market jigsaw – Reuters

Analysis: EU adds more pieces to its ‘elusive’ capital market jigsaw – Reuters

LONDON, Nov 25 (Reuters) - The European Union has moved a step closer to its vision of creating a single capital market across the bloc, a slow moving process but one that is chipping further away at Britain’s status as Europe's investment banker.

The bloc first began an ambitious – but tortuous – process of ultimately creating a single EU securities market in 2015.

Creating a single market should make it easier for companies to issue and bonds and shares, enabling them to spread risk and be less reliant on just bank loans for funding - the risks of which were highlighted during the euro zone crisis.