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​​Hill defends banking union, promises capital markets union for whole EU

( October 1, 2014, 11:37 GMT | Official Statement) -- MLex Summary: Jonathan Hill, nominated to be Europe’s financial-services commissioner, pledged to uphold the banking union of unified oversight for the eurozone, and to press ahead with a capital markets union for all 28 countries. In his opening remarks at a European Parliament confirmation hearing, he said that that he wants the UK to remain a member of a successful EU. He said other priorities, if he’s confirmed, include implementing the crisis-response measures of the past half decade, closing any gaps and deepening international regulatory cooperation....

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