Spoilt choice
Horse-trading on EU-wide prospectus rules could have a perverse outcome
ANOTHER drunken step towards a single European market for financial services. Will it be an improvement? European Union finance ministers, meeting in Brussels on November 5th, struck a compromise on a directive that will allow securities to be issued across Europe with a single prospectus (giving information about the issue) approved by the authority in a single member state.
This article appeared in the Finance & economics section of the print edition under the headline “Spoilt choice”
From the November 9th 2002 edition
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