EACT Response to European Commission Green Paper on Building a Capital Markets Union

The EACT has submitted its response to the European Commission's consultation on Building a Capital Markets Union (CMU). EACT Chairman Richard Raeburn said: "CMU is a long-term project that we fully support. Its relevance is primarily for mid-size companies rather than the very large and very small. CMU can play a key role in stimulating growth and employment but the Commission needs to balance its short and long term policy responses."