UPDATE 1-EU sees 'decisive moment' for building single capital market squib

The European Union set out its third wave of reforms in six years on Thursday to try to build a seamless securities market that can compete better with London and New York, a step that will pit stock exchanges against rival platforms. The EU project to create a capital markets union (CMU) suffered a blow when Britain and its large financial sector left the bloc. To keep the project on track, the EU's executive European Commission proposed establishing a "tape" or record of stock and bond prices, and giving investors free information on companies.
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