The European Parliament has adopted a non-binding resolution on building a capital markets union (CMU) which, amongst other things, states that the European Parliament believes that the building blocks for a fully functional CMU should be in place by no later than 2018 and calls on the European Commission to speed up its work on the action plan and put forward legislative and non-legislative proposals as soon as possible.

View Capital Markets Union should ease cross-border investment and finance for SMEs, 9 July 2015