Financial Markets

Over the past decade, the idea of a Capital Markets Union (CMU) within the EU has been the subject of extensive discussions, with various proposals aimed at harmonizing regulations across member states. Despite these efforts, progress has been limited, and significant challenges remain.

There are many controls on a listed firm. How could they fail in the case of the German fintech company Wirecard? Was this a rare, random event or is there a structural problem? Is there a need for regulatory actions on a European level?