Following the publication of the Commission’s progress report on Capital Markets Union, AFME Chief Executive, Simon Lewis, said:

“Today’s progress report highlights the significant steps that have been taken towards achieving Capital Markets Union (CMU) over the last four years, but there is still much further work to be done in order to meet the aims of this vital initiative.”

“Although time is short within this current legislative cycle, we believe further progress can still be made in key areas such as the ESAs review over the coming weeks.”

“CMU should also be given even greater emphasis in the next Commission, with an ambitious agenda and a vision for the future. Maintaining political momentum at EU member state level will also be essential to tackle long-term barriers and fragmentation, in areas such as insolvency and taxation reform, in order to support economic growth.”

– Ends –

Notes to editors:

In September 2018, AFME published a report tracking the progress to date of the Commission’s Capital Markets Union project through seven key performance indicators identifying what further work needs to be done:

https://www.afme.eu/globalassets/downloads/publications/afme-cmu-kpi-report-4.pdf