Norway wealth fund urges EU to unify capital markets quicker

The fund urged the bloc’s executive to harmonise withholding-tax rules, lower settlement costs and create a better digital infrastructure. — Bloomberg

OSLO: Norway’s sovereign wealth fund, the world’s largest, is calling on the European Union (EU) to accelerate efforts to unify its capital markets.

It’s sent a 14-page letter to the European Commission on Tuesday in response to a consultation on streamlining the union’s financial systems.