EU needs stronger markets watchdog for COVID recovery, Barclays says
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LONDON (Reuters) - The European Union needs centralised supervision of stocks and bonds if it wants a capital market that is on a par with those in the United States and Britain, the boss of Barclays Bank in Europe said on Friday.The European Commission is due in September to set out measures to accelerate the creation of a capital markets union or CMU, made more urgent by Britain's departure from the bloc and the need to recapitalise companies after the COVID-19 shock.Efforts so far have been..