The European Commission held its first orientation debate at the College of Commissioners as it launched its project to create a capital markets union (CMU) for all Member States. The CMU aims to create a single market for capital by removing barriers to cross-border investment and lowering costs of funding within the EU. The intention of the CMU is to give businesses access to diverse sources of capital from around the EU and offer investors and savers additional opportunities for investment.
The orientation debate at the College of Commissioners was positive and supportive of the CMU and concluded that a Green Paper should be adopted in February 2015 to consult on the next steps and the areas for potential action.
View Commission launches work on establishing a Capital Markets Union, 28 January 2015