Capital Markets Union

CMU is one of the most important and prominent initiatives of the Juncker Commission. Key objectives of the CMU are: to unlock the potential of non-bank financing of the economy – especially for SMEs, to decrease Europe’s “bankcentricity” and get closer to the US model of funding. The initiative is also aimed at ending the existing fragmentation of European capital markets and promoting more competitive, more diverse, and better quality financial services. Aside completing the free movement of capital in the single market, the initiative aims to significantly support the EU’s growth & jobs agenda and recovery effort, as well as set the basis for more risk-resilient financial markets, mainly by cross-border risk-sharing in Europe.

Eurosif believes that sustainability concerns and ESG criteria (including corporate governance and shareholder stewardship) should be connected with CMU. Eurosif will monitor developments closely, pushing for its SRI Agenda and aiming to ensure that the CMU framework is linked to Europe’s objectives on smart, sustainable and inclusive growth.

To read Eurosif’s CMU Action Plan position, please click here.

Policy Updates:

The European Commission calls for feedback and experts for their taxonomy work

Following on its action plan on financing sustainable growth published in March 2018, the European Commission established a technical expert group on sustainable ...

Policy update from UKSIF and Eurosif

On the 20th of June, Eurosif's Executive Director, Flavia Micilotta, joined member UKSIF's webinar to discuss recent policy developments at ...

Eurosif welcomes the Capital Markets Mid-Term Review 2017

Today, 8th of June, the European Commission published the Communication on the Mid-Term Review of the Capital Markets Union Action ...

Ambition and cohesiveness key to delivering CMU plans

In its response to the latest consultation on the Capital Markets Union (CMU) Mid-term review, Eurosif urged the European Commission to ...

EU Policy Conference: Can long-term investing unlock the potential of the CMU? Towards a Sustainable Capital Markets Union

Eurosif, the European Forum for responsible Investing and the Italian Sustainable Investment Forum – Forum per la Finanza Sostenibile – ...

Is France leading the way on ESG investors’ mandatory reporting?

The European Commission’s set of priorities to boost development revolve around jobs and growth, as outlined in the Green Paper ...

Eurosif Policy Position on the Capital Markets Union Action Plan

Eurosif has published its policy position on the CMU Action Plan, calling for more ESG transparency, legislative coherence and a ...