State of the Union 2016: Completing the Capital Markets Union – Commission accelerates reform

On the occasion of his State of the Union speech on 14 September 2016, European Commission president Jean-Claude Juncker set out the next steps to accelerate the completion of the Capital Markets Union (CMU).

It aims at boosting jobs and growth in the European Union while being a key building of the Investment Plan for Europe, as it enables capital to move more freely across borders in the Single Market.

The Commission urged the Council of the European Union and the European Union to swiftly endorse the first wave of proposals in the context of the CMU, like the framework for securitisation and the prospectus directive.

• Primary Source

European Commission: DG Communication: RAPID: MEMO/16/3012, 14.09.16: State of the Union 2016: Questions and Answers on the Communication on Capital Markets Union - Accelerating Reform http://europa.eu/rapid/press-release_MEMO-16-3012_en.htm

ESO: Background information: Capital Markets Union: an Action Plan to boost business funding and investment financing http://www.europeansources.info/record/press-release-capital-markets-union-an-action-plan-to-boost-business-funding-and-investment-financing/

ESO: Background information: Capital Markets Union: Taking stock of the progress made so far http://www.europeansources.info/record/press-release-capital-markets-union-taking-stock-of-the-progress-made-so-far/

EurActiv, 14.09.16: Brussels eyes investment and capital markets to revive weak growth https://www.euractiv.com/section/euro-finance/news/brussels-eyes-investment-and-capital-markets-to-revive-weak-growth/

The Wall Street Journal, 14.09.16: EU to Push Ahead With Harmonizing National Insolvency Laws http://www.wsj.com/articles/eu-to-push-ahead-with-harmonizing-national-insolvency-laws-1473862661

EurActiv, 19.09.16: Commission champions ‘laissez-faire’ in first response to FinTech revolution http://www.euractiv.com/section/digital/news/commission-champions-laissez-faire-in-first-response-to-fintech-revolution/

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