NeoXam's head of regulation: Banks' PRIIPs headache set to intensify as CMU regulation ramps up

Ongoing regulatory debate

Over the past decade, the European Union has rolled out a host of new regulations aimed at fostering more competitive capital markets and mobilising private investment towards critical goals, including the digital transition and climate emergency.

One of the EU's core levers for enacting change has been the Capital Markets Union (CMU) project, which was set up to reduce market fragmentation in the bloc. It seeks to allow funds to flow freely across borders and thus support business growth throughout Europe. Ultimately, it is hoped this will harmonise market rules, enhance transparency, and streamline processes. Yet, according to the Council of the EU, despite recent progress in the growth of EU capital markets in the past few years, approaching nearly 50% relative to GDP since 2014, there remains a notable gap in their developm...