The Eurogroup of EU Finance Ministers (the
“Eurogroup”) issued a statement (the
“Eurogroup Action Plan”) on the
Capital Markets Union (“CMU”)
on
11 March 2024. In preparing for the next EU legislative term
which is scheduled to begin later this year, the Eurogroup has
identified three priority areas for action and thirteen specific
measures which they view as necessary to improve the functioning of
European capital markets. The Eurogroup Action Plan is the
culmination of nearly a year of policy discussions on the future of
European capital markets.
What is the CMU?
The CMU is a plan to create a single market for capital, which
was initially launched by the European Commission in
September 2015. The aim is to get money – investments and
savings – flowing across the EU so that it can benefit
consumers, investors and companies, regardless of where they are
located. Ongoing progress has been made on the CMU, since we wrote
about the European Commission's most
