The IRSG welcomes the Final Report of the European Commission’s High-Level Forum, and supports the efforts to re-make the case for the Capital Markets Union (CMU). The IRSG understands that there is no single silver bullet which will lead to a fully functioning CMU, and that change in some areas will take time, not least as an equity culture is not developed overnight. In commenting, the IRSG intends to share cross-sectoral experience from the UK and internationally.
This response groups its recommendations by the titles of the chapters in the High-Level Forum Report. In summary, the report discusses:
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