The world’s largest sovereign wealth fund is calling for urgent reform of Europe’s capital markets including harmonised tax, insolvency and supervisory rules to ensure the continent does not fall further behind the US and Asia in competitiveness. The fund will this week send a response to the European Commission’s consultation on capital markets integration, arguing it should be more ambitious and address deeper structural problems hurting the continent and its multiple national markets.
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Norway’s oil fund calls for urgent reform of European capital markets
“A well-functioning market in Europe is very important to us . . . It feels like there’s a sense of urgency right now [among policymakers]. We feel it too, and we’re happy about that,”...
