Regulatory Insights

Quarterly Overview

November 2015

The publication of the European Commission’s long-expected Capital Markets Union (CMU) Action Plan was one of the key events of the last few months.CMU is the Commission’s flagship initiative to unlock new sources of non-bank funding for the economy.

The wider significance is that it could signal a shift in the focus of the European Commission from the reactive post-crisis regulation towards an approach that will stimulate economic growth and create jobs in the EU.