Norges Bank Investment Management, Norway's $1.9 trillion sovereign wealth fund, has urged the EU to accelerate capital markets reform, warning that fragmented rules and declining business dynamism are pushing investment away from the region, as reported by the Financial Times.
In its response to the European Commission's consultation on capital markets integration, the fund calls for more ambitious action to address structural obstacles — including inconsistent securities laws, varying insolvency regimes, and uncoordinated tax policies. "European markets over time have fallen behind in terms of business dynamism and the provision of new investment opportunities," the letter notes.
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