Conclusions on the Deepening of the Capital Markets Union

Summary:

The Council of the European Union adopted on 5 December 2019 a set of conclusions setting out objectives for a further deepening of the capital markets union (CMU).

Further information:

Capital Markets Union (CMU) is an initiative from the European Union (EU) which aims to deepen and further integrate the capital markets of EU member states.

The original Action Plan was launched in 2015 and most of its initiatives were adopted by the European Union. Nevertheless, the Council argues that regulatory and other barries still hampered smooth movement of capital and access to financial products and services in the financial sector. The conclusions set out five main objectives for further deepening the CMU:

• enhanced access to finance for EU businesses, especially SMEs;
• removal of structural and legal barriers for increased cross border capital flows;
• provide incentive and remove obstacles for well-informed retail savers to invest;
• support the transition to sustainable economies;
• embrace technological progress and digitalization;
• strengthen global competitiveness.

Official

Council of the European Union: Press Release, 05/12/2019: Capital markets union: Council sets objectives for the deepening of the project https://www.consilium.europa.eu/en/press/press-releases/2019/12/05/capital-markets-union-council-sets-objectives-for-the-deepening-of-the-project/

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