New initiatives for completing the Capital Markets Union
Commission drives forward the Capital Markets Unions by presenting new initiatives to boost jobs and growth in Europe.
After almost two years since the launch of the Capital Markets Union Action Plan, a pivotal project of the Juncker Commission i, new initiatives are presented today to ensure that this reform programme remains fit for purpose.
The Commission conducted a Mid-Term Review which reports on the good progress made so far in implementing the 2015 Action Plan, with around two-thirds of the 33 actions delivered in twenty months.
The Mid-Term Review also sets the timeline for the new actions that will be unveiled in the coming months. These will include a pan-European personal pension product to help people finance their retirement. Furthermore, the Commission will continue its work on enhancing the supervisory framework for integrated capital markets, increasing the proportionality of the rules for listed SMEs and investment firms, harnessing the potential of Financial Technology and promoting sustainable investment.
The rebooted Capital Markets Union puts a strong focus on sustainable and green financing. As the financial sector begins to help sustainability-conscious investors to choose suitable projects and companies, the Commission is determined to lead global work on supporting these developments.
Related links
Press release - Completing the Capital Markets Union: Building on the first round of achievements
Communication on Capital Markets Union- Accelerating Reform
Action Plan on Building a Capital Markets Union
EPSC Strategic Note on Financing Sustainability
Study on tax incentives by DG TAXUD
Audiovisual material
Press conference by Vice-Presidents Valdis Dombrovskis and Jyrki Katainen on the mid-term review of the Capital Markets Union