A Capital Markets Union for people and businesses – New Action Plan

Author (Corporate)
Series Details COM (2020) 590
Publication Date 24/09/2020
Content Type


Communication published by the European Commission on 24 September 2020, setting out a fresh action plan to progress in the completion of the Capital Markets Union (CMU).

Further information:

This Action Plan has three key objectives:

  • Ensuring that the EU's economic recovery is green, digital, inclusive and resilient by making financing more accessible for European companies, in particular SMEs;
  • Making the EU an even safer place for individuals to save and invest long-term;
  • Integrating national capital markets into a genuine EU-wide single market for capital.

The strategy builds on work developed by the first CMU Action Plan in 2015 and the 2017 Mid-Term Review. It responds to calls from the European Parliament and the Council of the European Union. The proposed measures were informed by discussions with stakeholders and the recommendations of the High-Level Forum on Capital Markets Union.

The Communication was published by the European Commission on 24 September 2020. The Council of the European Union adopted a set of conclusions on this Action Plan on 4 December 2020.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2020:590:FIN
Related Links
European Commission: Capital Markets Union (CMU) https://ec.europa.eu/info/business-economy-euro/growth-and-investment/capital-markets-union_en
European Commission: Publications: A capital markets union for people and businesses: new action plan https://ec.europa.eu/info/publications/200924-capital-markets-union-action-plan_en
European Commission: Press Release, 24/09/2020: Capital Markets Union: Commission to boost Europe's capital markets https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1677
European Commission: Q&A, 24/09/2020: Questions and Answers on the Capital Markets Union Action Plan https://ec.europa.eu/commission/presscorner/detail/en/qanda_20_1676
European Commission: Press remarks by Executive Vice-President Valdis Dombrovskis on the Capital Markets Union and Digital Finance (24 September 2020) https://ec.europa.eu/commission/presscorner/detail/en/speech_20_1739
Council of the European Union: Press Release, 04/12/2020: Capital Markets Union: Council approves conclusions on the Commission's new action plan https://www.consilium.europa.eu/en/press/press-releases/2020/12/04/capital-markets-union-council-approves-conclusions-on-the-commission-s-new-action-plan/

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