Capital Markets Union: Measures adopted, aim has not been reached

The 2015 Action Plan is almost complete. All proposed legal reforms have been adopted by the Commission. And yet the Council concludes that too many regulatory barriers continue to hamper the movement of capital and the access to financial products and services in the financial sector. Six overarching objectives have therefore been set:

• 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.

The Commission should now examine how this can be translated into concrete action.