Today the European Parliament (EP) voted on the Economic and Monetary Affairs (ECON) Committee’s own-initiative report on the further development of the Capital Markets Union (CMU).[1] The report calls for specific measures to help finance businesses, promote long-term and cross-border investment, strengthen market architecture and support retail investors.
With more than 15 resolutions proposed or supported by BETTER FINANCE to truly put EU citizens at the heart of the CMU, the report presents a more ambitious take on the CMU than what could be found in the CMU Action Plan[2] from the European Commission (EC), and is more in line with the good recommendations of the High Level Forum on the CMU[3] for consumers and individual investors.
[1] https://www.europarl.europa.eu/doceo/document/A-9-2020-0155_EN.html
[2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2020:590:FIN
[3] https://ec.europa.eu/info/sites/info/files/business_economy_euro/growth_and_investment/documents/200610-cmu-high-level-forum-final-report_en.pdf