24.09.2020

The European Commission published an action plan to boost the EU's Capital Markets Union (CMU) and support a green, digital, inclusive and resilient economic recovery – particularly, through attempts to increase the access to financing for small and medium-sized enterprises (SMEs), making it safer for individuals to save and invest long-term, and integrating national capital markets into an EU-wide single market for capital. The action plan proposes sixteen targeted measures to complete the CMU. These center on creating a single access point to company data for investors; supporting insurers and banks to invest more in EU businesses; strengthening cross-border investment protection; facilitating the monitoring of pension adequacy; harmonizing insolvency rules; and pushing for supervisory convergence and consistent application of the single rulebook for financial markets.

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