European Commission plans to remove barriers to cross-border fund distribution

As part of the final stages of its Capital Markets Union (CMU) initiative, the EC aims to ease managers' capacity to lend to and invest in European businesses. "We want to create the right conditions for more funding to flow to the real economy, so that European start-ups and SMEs can get the finance they need to invest, innovate and grow," said vice-president Valdis Dombrovskis. "For this, we need to break down barriers to cross-border investment, improve access to alternative finance, improve the ability of SMEs to tap capital markets, and more." EFAMA proposes digital passport f...